Aside from having a powerful order e book at the start of the present fiscal yr, the corporate has continued to report sustained order momentum within the first 5 months of the yr. It expects 23-25% income progress for FY26 on high of 30% progress within the earlier yr whereas retaining the earnings earlier than curiosity, taxes, depreciation, and amortisation (Ebitda) margin at round 12%.
The corporate has over 4 many years of expertise in executing initiatives in India and overseas. It presents EPC companies for substations upto 765 kilovolts (kV) in excessive and additional excessive voltage (HV and EHV) segments. It derives over three-fourths income from T&D, round 10% from associated civil development equivalent to tunnels and bridges, and remaining from gross sales of lighting poles and conductors. It has manufacturing amenities in Gujarat, Maharashtra, Silvassa, Dadra and Nagar Haveli to provide galvanised metal towers, conductors and poles.
On the finish of March 2025, it had unexecuted orders value ₹14,550 crore or practically 3 times its FY25 income of ₹5,308 crore. In FY26 up to now, it has added ₹1,600 crore new contracts. Almost half of the orders are from the abroad markets. The corporate expects the order traction to proceed given a powerful pipeline of T&D initiatives in India and overseas.
The corporate has a market share of over 10% within the T&D section, which raises hopes for the corporate to profit from the projected outlay of practically ₹3 lakh crore on the transmission enterprise by Energy Grid Company of India (PGCIL) until FY32. PGCIL has earmarked ₹28,000 crore, ₹35,000 crore and ₹45,000 crore in FY26, FY27, and FY28 respectively.
Of the prevailing manufacturing capability of towers and conductors, 96% is used for inner consumption. It has undertake ₹326 crore value of brownfield and greenfield enlargement, which is predicted to be full by December 2025. That is doubtless to enhance the share of product sale, which is presently at round 4%.
