NPST Q1 FY27 Guidance vs Delivery (NPST Management Mirror)

Q1 FY27 Revenue Reported at Rs 61.42 Crore; FY27 Guidance Downgraded to Rs 320-340 Crore on Milestone Shift

In Dec'25 Qtr, management projected Q4 FY26 quarter-on-quarter revenue growth of 15% to 20%. In Mar'26 Qtr, FY26 reported revenue reached INR 209 crore, crossing the INR 200 crore target, with EBITDA at INR 65 crore and a 31% margin. Concurrently, management initiated FY27 revenue guidance of INR 340 crore to INR 350 crore with EBITDA margins of 33% to 35%, and a three-year 70% CAGR target to reach INR 850 crore to INR 900 crore by FY29 with 40% to 50% EBITDA margins. In Jun'26 Qtr, Q1 FY27 reported revenue came in at 61.42 crore (75% YoY growth) with EBITDA up 66% YoY. Management downgraded its FY27 revenue guidance to a range of 320 crore to 340 crore (60% to 70% YoY growth) and downgraded its FY27 EBITDA margin target to approximately 30%. The medium-term revenue target of 800 crore to 900 crore by FY29 was reaffirmed, while the medium-term EBITDA margin expansion target was downgraded to approximately 35% within the next 2 years.