• EBITDA margin outlook: Vikran historically delivered EBITDA margins between 15% and 17.5% over the last three years and expects to remain in the 14% to 16% range in FY26. For FY27, management projects an EBITDA margin of around 15%, supported by existing orders with approximately 80% of material costs already frozen.
• Project profitability threshold: The company refuses to compromise on margins and requires a minimum 15% EBITDA margin before accepting any project in either domestic or international markets.
• International expansion strategy: The company is evaluating global inquiries and quoting on select opportunities, but it recently held off on an order due to incomplete financial closure and is taking a cautious, gradual approach toward regions like the Middle East.