Overview

• Revenues rose 4.6% year on year to Rs 4,439.74 crore in Q1FY26, falling short of Bloomberg’s Rs 4,794 crore estimate.
• EBITDA jumped 31% to Rs 1,238.27 crore, lifting margins to 27.9% versus the 23.3% consensus forecast.
• Net profit climbed 23% to Rs 969.91 crore, comfortably exceeding the projected Rs 905.6 crore.
• Order wins have outpaced the run rate needed to meet FY26’s Rs 27,000 crore guidance, bolstering future revenue visibility.
• Shares dipped about 3% ahead of results, yet analysts maintain mostly buy ratings with an average 12-month target of Rs 417 suggesting roughly 7.3% upside.