Bondada Engineering Ltd. expects strong top-line growth of Rs 2,600 crore in FY26, driven by a solid order book.
The diversified infrastructure major expects Rs 4,000-crore revenue by the next financial year, according to Chairperson Bondada Raghavendra Rao.
"Our annual target is Rs 2,600 crore in revenue and these numbers remain intact," the managing director told NDTV Profit during an interview on Monday. "We are very confident because the order book is strong and needs to be delivered."
"Additionally, many tenders are in progress. So, reaching Rs 4,000 crore by 2027 looks very comfortable from where we stand today," the CMD added.
The company's current confirmed order book stands at around Rs 5,000 crore, excluding a recent order worth over Rs 863 crore from Tamil Nadu. The CMD expects the order book to close between Rs 8,000 crore and Rs 9,000 crore by the end of FY26, after accounting for this year's revenues.
He added that this value does not account for the 2-gigawatt IPP project from the Andhra Pradesh government. The project is an investment proposal, which will be executed by one of the company's subsidiaries.
When asked about the timeline for executing the order book, Rao noted that orders worth Rs 5,860 crore are expected to be completed over the next 18 to 24 months.
"Within this, we are working on approximately 2.3 gigawatts of solar GPC plants, of which 50%, or nearly 1 gigawatt, must be commissioned by the end of this financial year as per contractual targets. Thus, half of the order book value is expected to be delivered within this year," he said.
Regarding Ebitda margins, which expanded to around 11% in the last financial year, he said that further expansion is not expected.
"There may be a slight increase due to large-scale operations and additional operational maintenance revenues from BSNL and solar commissioning projects," Rao said. "Typically, O&M contracts contribute 1 to 2 basis points higher margins, so we expect to see a modest 1 to 2 basis point improvement this year."
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