• Capacity expansion timeline: The commissioning of the 16,500-ton press line was pushed to Q4, which will expand total capacity to 150,000 tons, while FY27 sales are targeted at 90,000–95,000 tons with around 80% capacity utilization.
• EBITDA margin outlook: Current margins of 18.3% were pressured by rising labor costs and higher gas prices, but management aims to reach the 20% level by H1 FY28 via automation, customer compensation, and operating leverage.
• Debt and working capital: Net debt is pegged at ₹550 crore and gross debt at approximately ₹1,100 crore, while working capital metrics are projected to improve in H2 FY27 supported by ₹60 crore raised from land sales.
• EV business ramp-up: The company secured a three-wheeler EV customer with a ₹25–30 crore potential over two to three years, with its Abhinava venture slated to transition to bulk commercial production by September–October.