• Jharkhand BESS project: The company secured a 500 MWh battery energy storage order from Damodar Valley Corporation valued at Rs 702 crore, with roughly Rs 620 crore in supply and EPC revenue expected over 18 months and the remainder realized via a 12-year O&M contract.
• Order inflow pipeline: Backed by an existing energy order book of Rs 5,800 crore, the company anticipates additional BESS order inflows of Rs 3,000 crore to Rs 4,000 crore in FY27 from clients such as NTPC and Power Grid.
• FY27 revenue guidance: Management guided for FY27 revenue of approximately Rs 3,100 crore—representing 30% to 35% growth over FY26—and expressed confidence in meeting or exceeding this target as project execution accelerates.
• Profit margin outlook: Recent PAT margins stood around 11%, and while imported cell price volatility and geopolitical tensions in West Asia may cause minor bottom-line pressure, management expects integrated manufacturing capabilities to cushion margins better than pure EPC peers.