For FY27, it eyes around 20% revenue growth, aided by healthy execution and robust pipeline across T&D, buildings & factories (B&F) and international markets. FY27 profit before tax margin is expected to grow 50-70 basis points to 6%. The water segment, which was facing payment delays, has seen an improvement with around ₹500 crore received so far in Q4FY26 under the Jal Jeevan Mission 2.0. Outstanding receivables of ₹1,200-1300 crore are likely to be received by September.
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