• Order book targets: The company remains confident in achieving its FY27 revenue guidance of ₹3,200 to ₹3,400 crore, supported by an existing ~₹12,000 crore open order book and a target of securing at least ₹10,000 crore in fresh order inflows during the year.
• BESS capacity expansion: Battery energy storage capacity will scale from 5 GWh to 10 GWh by September following equipment commissioning, with plans to initiate cell manufacturing within two years backed by a new research center in Pune.
• Profit margin trajectory: A minor PAT margin correction is expected in the current financial year due to elevated raw material prices, which management plans to offset through higher project execution volumes.
• Railway business outlook: Contribution from railway and Kavach-related projects will remain minimal in FY27 across a few early-stage contracts, but is expected to scale into a significant revenue driver from FY28 onwards.
• Working capital resolution: Cash flow pressures and receivable collections are projected to be largely resolved by September as milestone-based payments from ongoing projects are realized.