• Order book execution: Interarch received a ₹128 crore order from a global FMCG firm with a 9-month execution timeline, building on a cumulative order book that stood at ₹1,864 crore after Q1.
• Seasonality and margins: The sequential margin dip reflects typical business seasonality where H1 is impacted by monsoons, while Q1 profit grew 24% year-on-year on 20% top-line growth.
• QIP fund deployment: The ₹250 crore QIP proceeds will primarily fund a new 40,000-metric-ton Plant 2 in Kheda, Gujarat, along with Phase 2 and 3 expansions of heavy structural steel in Andhra Pradesh.
• Revenue guidance hike: FY28 revenue guidance was raised to ₹2,700 crore from ₹2,500 crore due to roughly 60,000 tons of incoming capacity and strong order momentum, while FY27 guidance is maintained at ₹2,150–2,200 crore.