• Financial performance: FY26 revenue reached 947 crores, up 180% year-on-year with organic growth exceeding 150%, while EBITDA rose to 236 crores despite a 25.7 crore non-cash hyperinflation adjustment on Turkish subsidiary Endox.
• Order book expansion: The order book expanded from 830 crores to 1,400 crores after booking 900 crores of orders in the final quarter, with management expecting FY27 growth to exceed its 20% target and traditional business EBITDA margins to stay above 25%.
• Battery storage business: The company secured 290 crores in initial battery storage orders, anticipates an additional $50 million in orders by year-end, and plans to launch in-house 1,725 kW power converters.
• Facility commissioning: The start of the Sangli facility was delayed by force majeure construction issues and labor disruptions but is now slated to begin operations by late July or August.