ALFA Finder| 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
- ₹314.60
- Market cap
- ₹1,747 Cr
- Revenue (annual)
- ₹732.8 Cr
- Net profit (annual)
- ₹90.53 Cr
- P/E (TTM)
- 25.6×Sector 21.7×
- Promoter holding
- 69.70%+0.00% QoQ
- FII holding
- 0.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from EMS Ltd
All →EMS Board Meeting Date
EMS Limited will consider unaudited standalone and consolidated half-year results at a board meeting on 12 November 2026. Trading window stays closed until 14 November 2026.
EMS Bags ₹129.8 Cr Order from Municipal Corporation Jodhpur
EMS Ltd received an LOA from Municipal Corporation Jodhpur for sewerage work under AMRUT 2.0 valued at ₹129.80 Crore. Execution period is 24 months.
- Value
- ₹129.8 Cr
- From
- Municipal Corporation Jodhpur
- Execution
- 24 months
EMS Other Announcement
EMS Limited filed its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
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 Bags ₹218.7 Cr Order
EMS Limited received L-1 status from the Government of Rajasthan for a sewerage project worth ₹218.65 Crore. The order spans 18 months for municipal work.
- Value
- ₹218.7 Cr
- Execution
- 18 Months
EMS Business Update
EMS Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report details the company's environmental, social, and governance disclosures under SEBI regulations.