Swastika Infra Ltd (SWASTIKAIN) Q2FY27 Concall Transcript - Sep-2026 Qtr
Moderator: Ladies and gentlemen, you have been connected for Swastika Infra Limited conference call. The call will begin shortly. Request you to please stay connected. Reminder to all the participants that you have been joined for Swastika Infra Limited conference call. The call will begin shortly. Request you to please stay connected. Thank you.
Moderator: Ladies and gentlemen, good day, and welcome to Swastika Infra Ltd Q2 FY '27 earnings conference call, hosted by Arihant Capital Markets Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Khushi Solanki from Arihant Capital. Thank you, and over to you, Khushi.
Khushi Solanki (Arihant Capital Markets Limited): Thank you. Good afternoon, everyone. On behalf of Arihant Capital, I welcome you to the earnings of Swastika Infra Ltd, quarter two FY '27 conference call. From the management side today, we have Mr. Vinay Gupta, Managing Director, Mr. Biren Barnami, Chief Financial Officer, Mr. Govind Saboo, Advisor. We welcome the management of Swastika Infra Ltd on this call. Now, I invite Mr. Vinay Gupta to give the opening remarks, following which we will open the floor for Q&A. Over to you, sir.
Vinay Gupta (Swastika Infra Ltd): Good afternoon, everyone. It gives me a great pleasure to welcome all of you to the maiden analyst call of Swastika Infra Ltd. As this is our first formal interaction with the analyst community, we look forward to building a long-term relationship and providing a deeper understanding of our business and growth journey. For those interacting with us for the first time, Swastika Infra is a Jaipur-headquartered power transmission and distribution EPC company, providing turnkey solutions across the power distribution, underground cabling, substations, transmission infrastructure, and renewable energy. Our journey began in 1969 as a trading business, and over the years,
Vinay Gupta (Swastika Infra Ltd): Consistent execution, and we have expanded our geographical presence, strengthened our pre-qualification credentials, and moved towards larger value projects. Today, we operate across nine states, and we are expanding our presence across the power infrastructure value chain. A key differentiator for us has been our execution capabilities. In our business, building credentials, completing projects successfully, and qualifying for larger tenders takes time and consistent performance. Our focus has been on developing these capabilities while maintaining disciplined project selection and and execution. The recent listing of Swastika Infra on the NSE and BSE marks an important milestone in our journey. With a stronger platform and a growing opportunity in India's power infrastructure sector, we are focused on scaling our operations, pursuing larger value projects, and expanding our into transmission and renewable energy. Our unexecuted order book has increased to approximately 1,420 crores, providing strong business visibility. As we move forward, our priority remains converting this order book into revenue through timely execution, strengthening our geographical presence, and maintaining financial and operating discipline. With that, I would like to hand over to our CFO, who will take you through our financial performance and key developments in greater details. Thank you for joining us today. Look forward to an engaging and constructive discussion. Thank you. Thank you so much. Over to Brij Pananami, our CFO.
Biren Barnami (Swastika Infra Ltd): Hello. Good afternoon, everyone. I will briefly take you through our financial performance and key developments. Our FY '22 to '26, Swastika Infra has delivered strong growth, with revenue increasing from 59 crore to 504 crore, representing a CAGR of approximately 71%. Our EBITDA grew at a CAGR of 77% to 71 crore, while our PAT grew at 94% to 41 crore. EBITDA margins improved to 14.1% in FY '26, reflecting our growing scale and executing capabilities. In H1 '27, we reported a revenue of 207 crore, EBITDA of 35 crore, and PAT of 20 crore, registering year-on-year growth of 5% on revenue, 28% on EBITDA, and 36% on PAT respectively. Our quarter two performance was particularly encouraging, with revenue growing 42% to 184 188 crores, EBITDA rising 62% to 27 crore, and PAT increasing 75% to 16 crore. Looking ahead, our unexecuted order book of approximately 1,420 crore, equivalent to 2.8 FY '26 revenue times, provides strong business visibility. Our focus remains on efficient order execution, sustainable margin, and prudent working capital management as we scale the business. With that, we are now open for Q&A. Thank you.
Moderator: Thank you so much, sir. Ladies and gentlemen, we will now begin with a question and answer session. Anyone who wishes to ask a question may press star and one on their touchtone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we'll wait for a moment while the question queue assembles. A reminder to all the participant, if you would like to ask a question, you may press star and one. Thank you.
Moderator: Our first question come from the line of Maitrish Shah with Sapphire Capital. Please go ahead.
Maitrish Shah (Sapphire Capital): Yeah. Hello, good afternoon. Am I audible?
Biren Barnami (Swastika Infra Ltd): Yes, yes, sure.
Maitrish Shah (Sapphire Capital): Hello. Yeah, hello sir. Firstly just some clarity on the order inflows that we received in quarter two. Could you provide me a number, what sort of orders we kind of added to our order book in quarter two?
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