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Earnings Call

EMS Earnings Call: Key Takeaways

EMS Ltd reports disappointing Q4FY26 results due to government project delays and payment constraints. Revenue and margins saw a significant year-on-year decline.

Highlights
Revenue growthFY26 revenue fell ~37% YoY; Q4 revenue ₹120cr (consolidated).
MarginsTargeting 15% PAT margin and 25% EBITDA margin for FY27.
Order bookUnexecuted order book at ₹1,837cr as of March 31, 2026.
Demand visibilityStrong pipeline of ₹2,500-3,000cr in tenders.
Management confidenceAcknowledge disappointing results but confident in long-term 20-25% CAGR.

Growth

FY26 consolidated revenue fell 36-37% YoY to ₹732cr; Q4 revenue dropped significantly from prior year's period.

Outlook

Targeting FY27 revenue of ₹1,000cr+, 15% PAT margin, and long-term CAGR of 20-25%.

Risks

Government payment delays (SPARSH portal issues), election-related work stoppages in West Bengal, and heavy rainfall in Uttarakhand.

Source

Earnings Call filed with BSE, NSE: EMSLIMITED. Summary written with AI assistance from the document.

Read the document ↗

EMS Ltd: key numbers

Share price
₹354.90
Market cap
₹1,971 Cr
Revenue (annual)
₹732.8 Cr
Net profit (annual)
₹90.53 Cr
P/E (TTM)
28.9×Sector 25.1×
Promoter holding
69.70%+0.00% QoQ
FII holding
0.14%Current quarter

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

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Annual General Meeting

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EMS Ltd conducted its 16th Annual General Meeting on September 26, 2026, approving financial statements, director reappointment, and a final dividend of ₹1.50 per share.