• Growth and Guidance: The company targets a 30–35% volume and EBITDA CAGR over the next three years, expecting EBITDA to rise from approximately ₹82 crore to ₹180–185 crore by FY29.
• EBITDA Per Tonne: After crossing ₹1,000 in the first quarter, EBITDA per tonne is expected to reach ₹1,100–₹1,200 as higher-margin waste-to-energy boilers and solar projects come online.
• Capacity Expansion: Steamhouse aims to reach a total capacity of 705 tonnes, adding 120 tonnes this year, 60 tonnes at Tarapur by FY28, and 180 tonnes via IPO proceeds by FY29.
• Client Base Stability: Existing clients accounted for 99% of first-quarter demand growth, backed by long-term contracts ranging from 3 to 7 years and high client retention.