EFCIL Q2 FY27 Guidance vs Delivery (EFCIL Management Mirror)

Q2 FY27 D&B Revenue at INR 129 Crores; FY27 Target Reaffirmed at 50%-60% Growth Guided in Jun'26 Qtr

The Design and Build (D&B) segment reported Q2 FY27 revenue of approximately INR 129 crores, representing ~16% YoY growth, with H1 FY27 revenue reaching ~INR 230 crores. Against the >50% YoY revenue growth target for FY27 guided in the Jun'26 Qtr concall, management reaffirmed its 50% to 60% annual growth target in the Sep'26 Qtr concall, despite acknowledging the slower Q2 and H1 growth. Looking ahead, management anticipates strong execution in Q3 and Q4 FY27 to meet this target, supported by an existing order book exceeding INR 300 crores, and expects D&B EBITDA margins between 18% and 22%.