• Growth and margins: The company is targeting double-digit revenue growth across both domestic and international markets, with operating margins expected to normalize back to previous levels of around 12% to 14% as input costs pass through and international service framework contracts revive.
• Domestic order drivers: Domestic demand is underpinned by 50 to 60 MTPA of announced steel sector expansions, water infrastructure initiatives like JJM and AMRUT 2.0, ethanol distillery projects, and defense opportunities with the Indian armed forces.
• International business traction: International momentum is driven by the UK's £88 billion AMP 8 water program, new oil exploration in Guyana and Suriname, and multiple Middle East oil and gas contracts, including a recent single order exceeding ₹125 crore in Qatar.
• Data center expansion: Data centers now represent 25% of the company's US business, with modular pump packages valued at $10 million to $12 million per hyperscale data center (excluding water intake systems) providing sizable runway across the US, India, and Southeast Asia.