KRSNAA Q2 FY27 Guidance vs Delivery (KRSNAA Management Mirror)

Rajasthan Project Implementation Reaches 75-80% in Q2 FY27, Missing Q2 Full-Installation Guided in Mar'26 Qtr

In the Sep'26 Qtr concall, management reported that 75% to 80% of the Rajasthan PPP labs have been implemented. This outcome falls short of the full installation target for Q2 FY27 initially guided in the Mar'26 Qtr concall, though additional government-requested labs are currently underway. While management had previously guided for conservative FY27 project revenues of Rs 100 crore to Rs 150 crore across the Mar'26 and Jun'26 quarters, they are now guiding that the majority of the project's Rs 250 crore annualized full run-rate will be realized in FY28. Ramp-up and execution efforts will continue throughout the remainder of FY27.