• Revenue outlook: Management kept guidance around 40% but said it was confident of crossing 4,000 this year. Lodha said H1 growth was more than 300% compared with last year and cited an order book of ₹2,600 crore.
• AI contribution: AI systems were around 60% of the mix in the past quarter; management expects AI to contribute 40, 45% on a whole-year basis. It said AI demand is pushing the contribution higher and has been part of the business since 2010.
• Margin outlook: Margins are guided at 13 to 14% and management expects them to remain similar across the three verticals. It said AI margins are slightly higher.
• Inventory and supply: Inventory days will remain around 117 days as the company plans ahead for component supply and pricing. Lodha said he sees no decline in AI demand in the next 2 to 3 years.
• Funding position: Management said the company is adequately funded and does not expect to raise new capital, though it could consider short-term debt if needed.