| Management target | Revenue 50.0% FY27 |
|---|
| Revenue growth | 50% QoQ growth; consolidated revenue reached ₹157.24 Cr. |
|---|---|
| Margins | EBITDA margins recovering to 25% from prior quarter lows. |
| Order book | Robust at ₹2329 Cr as of July 2026. |
| Demand visibility | Strong bid pipeline of ₹2500-3000 Cr across multiple states. |
| Management confidence | Balanced; acknowledging seasonal execution challenges while maintaining high growth targets. |
Growth
Stand-alone revenue up 50% QoQ to ₹125.72 Cr; PAT rose 184%. Consol revenue hit ₹157.24 Cr.
Outlook
Management expects 50% FY27 revenue growth, targeting ₹900-950 Cr, requiring aggressive H2 execution of ₹300 Cr+/quarter.
Risks
Extreme seasonality in water/sewerage projects; execution delays due to weather and elections; stretched working capital cycle.
Last quarter's promises, checked
Delivered
- Guided EBITDA margin recovery → delivered 25% (= BEAT)
- Guided West Bengal restart post-election → delivered lifting of restrictions (= BEAT)
Partly delivered
- Guided ₹1000 Cr FY27 revenue → delivered ₹900-950 Cr target (= PARTIAL)
Missed
- Guided FY26 revenue recovery → delivered 'washout' results (= MISS)
- Guided zero pledge by end of FY26 → delivered continued share pledges (= MISS)
Earnings Call Transcript filed with BSE, NSE: EMSLIMITED. Summary written with AI assistance from 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.
More from EMS Ltd
All →EMS Annual General Meeting
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.
EMS Q1 FY27 Results: Net Profit ₹15.5 Cr, Down 59.3% YoY
EMS Ltd reported revenue from operations of ₹157.2 Cr (-34.2% YoY) and net profit of ₹15.5 Cr (-59.3% YoY) for Q1 FY27.
- Key figure
- Net profit ₹15.5 Cr · -59.3% YoY
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.
EMS Earnings Call: Key Takeaways
EMS Ltd reported a significant FY26 Q4 revenue miss, attributing the shortfall to government payment delays and election-related work stoppages in West Bengal.
EMS Q4 FY26 Results: Net Profit ₹5.7 Cr, Down 87.8% YoY
EMS Ltd reported revenue from operations of ₹120.5 Cr (-55.3% YoY) and net profit of ₹5.7 Cr (-87.8% YoY) for Q4 FY26.
- Key figure
- Net profit ₹5.7 Cr · -87.8% YoY