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Bondada Engineering Ltd

Q2 FY26Telecom - Services

Bondada Engineering Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹286
Market cap₹3.4K Cr
P/E15.4
Updated23 Aug 2026
Read5 min read

Bondada Engineering Ltd Q2 FY26 key numbers

Revenue
Current order book stands at ~INR6,000 crores, with INR4,500 crores from renewable energy, primarily long-term contracts taking ~2 years to complete.

As stated in Bondada Engineering Ltd's Q2 FY26 earnings call transcript · published 5 Aug 2026. Reported figures, not investment advice.

The short version

Current order book stands at ~INR6,000 crores, with INR4,500 crores from renewable energy, primarily long-term contracts taking ~2 years to complete. The company historically reports about 40% of annual revenue in H1 and 60% in H2; FY26 target expects 60% revenue in H2 based on current project timelines.

From Bondada Engineering Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Current order book stands at ~INR6,000 crores, with INR4,500 crores from renewable energy, primarily long-term contracts taking ~2 years to complete.
  • Additional L1 stage orders worth INR2,600 crores likely to convert, taking order book close to INR8,500-9,000 crores by March 2026.
  • Revenue growth strong with H1 FY26 revenue at INR1,216 crores (153% YoY growth), with 40% of annual revenue in H1 and 60% expected in H2.
  • The company targets 25 GW renewable energy deployment by 2030, including 21 GW solar EPC & BESS projects and 4 GW (2 GW solar + 2 GW BESS) under IPP with phased implementation over 5 years.
  • Plans to scale beyond EPC into long-term asset ownership (IPP) steadily without disrupting existing EPC business.

2 more points from Bondada Engineering Ltd's call on revenue

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Profitability & Margins

See what Bondada Engineering Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Bondada Engineering is moving from an asset-lite model to capital-intensive businesses, especially in IPP (Independent Power Producer) and defence sectors.
  • The company has a plan to set up 2 GW solar IPP and 2 GW BESS (Battery Energy Storage System) capacity, which will require significant capital expenditure spread over next five years with phased implementation.
  • Capital requirements will be met through debt raising and possibly equity dilution, depending on project phases and requirements.
  • The company is cautious about CapEx to not hamper existing EPC focus.

2 more points from Bondada Engineering Ltd's call on capex

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Top-ranked in Telecom - Services

Ranked on what management guided this quarter

Guidance-ranked
1HFCL
Rev 1Mar 1
2Pace Digitek Ltd
Rev 1Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Bondada Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book stands at approximately INR 6,000 crores.
  • Out of this, about INR 4,573 crores is from renewable energy.
  • INR 1,000 crores is from telecom.
  • INR 228 crores is from Indian Railways.
  • INR 190 crores from products including steel products.
  • L1 status orders amount to INR 2,600 crores, pending LOAs.
  • Upon conversion of L1 to LOA, total order book expected to be around INR 8,600 crores.
  • Tenders worth INR 7,500 crores submitted; financial bids pending.
  • Historical win ratio is about 25%, implying potential new wins worth ~INR 2,200-2,300 crores.

2 more points from Bondada Engineering Ltd's call on order book

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Bondada Engineering Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹914 Cr, net profit ₹63 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Bondada Engineering Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Bondada Engineering Ltd Q2 FY26 results?

Current order book stands at ~INR6,000 crores, with INR4,500 crores from renewable energy, primarily long-term contracts taking ~2 years to complete. The company historically reports about 40% of annual revenue in H1 and 60% in H2; FY26 target expects 60% revenue in H2 based on current project timelines.

What is Bondada Engineering Ltd share price analysis?

Bondada Engineering Ltd currently shows a neutral. The stock trades at a P/E of 15.4 with a market cap of ₹3,360 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bondada Engineering Ltd planning capital expenditure?

Bondada Engineering is moving from an asset-lite model to capital-intensive businesses, especially in IPP (Independent Power Producer) and defence sectors.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.