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Earnings Call Transcript

Cemindia Projects Earnings Call Transcript: Key Takeaways

Cemindia delivered strong Q1 FY27 results with 6% YoY revenue growth and 9% EBITDA growth, following a record FY26. Transitioned to Adani Group ownership.

Highlights
Revenue growth6% YoY in Q1 FY27; 27% CAGR (FY22-26).
MarginsEBITDA margin at 10.5% (Q1 FY27); targeting margin expansion.
Order bookRecord ₹31,307 Cr as of June 30, 2026.
Demand visibilityStrong, driven by ₹12.22 Lakh Cr Union Budget infra allocation.
Management confidenceHigh, citing record order book and Adani ecosystem synergies.

Growth

Q1 FY27 Revenue at ₹2,721 Cr (up 6%), PAT ₹141 Cr (up 3%), and EBITDA ₹285 Cr (up 9%).

Outlook

Orderbook at record ₹31,307 Cr. Aiming to become top 3 EPC player in India; entering Data Centers and UAE markets.

Risks

Supply chain disruptions, commodity price inflation, manpower availability, and execution risks in complex large-scale infra projects.

Last quarter's promises, checked

Delivered

  • Guided 10% EBITDA margin → delivered 10.5% (= BEAT)
  • Guided 20-25% revenue growth → delivered 6% in Q1 but maintained 25% annual guide (= PARTIAL)
  • Guided Bangladesh project completion by Q2 FY27 → on track for Sep/Oct (= BEAT)

Partly delivered

  • Guided 15-20% hit ratio on bids → current pipeline conversion ongoing (= PARTIAL)

Missed

  • Guided Vadhvan port start → delivered zero production due to external delays (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: CEMPRO. Summary written with AI assistance from the document.

Read the document ↗

Cemindia Projects Ltd: key numbers

Share price
₹1,257.20
Market cap
₹21,597 Cr
Revenue (annual)
₹10,061 Cr
Net profit (annual)
₹597.7 Cr
P/E (TTM)
35.9×Sector 33.0×
Promoter holding
67.46%+0.00% QoQ
FII holding
7.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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