GRSE Q4 FY26 Guidance vs Delivery (GRSE Management Mirror)

Revenue & Margin Outlook

Management anticipates robust revenue accrual during FY27 with momentum continuing into Mar'28, driven by mature platform construction, maintaining prior expectations of strong top-line growth and peak execution in FY27. EBITDA margins are expected to sustain at historical levels of approximately 11.5% through FY29, consistent with previous assurances that order book enhancement and commodity inflation will not compromise profitability. Revenue realization for the Next Generation Corvette (NGC) project will commence minimally in the latter half of FY28 and scale significantly by FY29, maintaining the long-term revenue trajectory established in earlier quarters. [Status: Reaffirmed]