Prostarm Info Systems Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 16 Jul 2026 | Electrical Equipment | Market Cap: ₹786 Cr
Targeting 20% to 25% growth in core/traditional business revenue year-on-year. - Expect meaningful revenue contribution from BESS segment starting FY’27, with 40%-50% capacity utilization in BESS factory. - BESS revenue potential at full utilization estimated between Rs. The company targets a revenue growth of 20% to 25% year-on-year, driven by robust order book and bids under evaluation (~Rs.
From Prostarm Info Systems Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹139
Market Cap
₹786 Cr
P/E Ratio
22.6
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Prostarm Info Systems Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹103 Cr, net profit ₹9 Cr.
Full financials →📊 Revenue & Sales Performance
- →Targeting 20% to 25% growth in core/traditional business revenue year-on-year.
- →Expect meaningful revenue contribution from BESS segment starting FY’27, with 40%-50% capacity utilization in BESS factory.
- →BESS revenue potential at full utilization estimated between Rs. 1000 to Rs. 1200 crores.
- →Conversion rate of bids under evaluation expected around 20%, supporting order book growth.
- →Focus on diversified vertical-wise growth across geographies and segments to sustain growth for next 3 to 5 years.
- →Addition of new capacities such as the Ahmedabad UPS unit to reduce import dependence and improve margins.
- →Policy support expected from Government of India mandating 50% domestic content in BESS tenders from April 1, enhancing competitiveness and margins.
- →Working capital efficiently managed aligned with order execution timelines.
📈 Profitability & Margins
- →The company targets a revenue growth of 20% to 25% year-on-year, driven by robust order book and bids under evaluation (~Rs. 750 crore).
- →EBITDA margins are expected to revert to a range of 12% to 15%, with sustainable operating leverage benefits as revenues scale.
- →BESS segment is anticipated to contribute meaningfully starting FY’27, with around 40%-50% capacity utilization and minimum EBITDA margins of 14%-15%.
- →Operating cash flow, currently negative due to project execution, is expected to turn positive from Q3 FY’27 onward.
- →Profit after tax has shown a strong YoY growth of approximately 101% this quarter; PAT margin should improve with margin normalization.
- →EPS growth is expected to follow earnings growth trends, supported by enhanced margin profile, increased revenue, and improved cash flows.
🏗️ Capital Expenditure Plans
- →**Jhajjar, Haryana Facility**: Setting up a 1.2 gigawatt BESS manufacturing plant, expected to be operational by Q4 FY'26.
- →**Ahmedabad (Bakrol) Unit**: Expansion for UPS manufacturing (1KV to 600KVA) with CAPEX around Rs. 6 crores, targeted for commissioning in Q1 FY'27.
- →**1.2 GW BESS Capacity**: Rs. 25 crore direct CAPEX for assembly plant in Haryana; additional working capital required (~Rs. 200-400 crores depending on utilization).
- →**Strategic Shift**: Aim to reduce dependence on China with local manufacturing of UPS and lithium-ion battery packs.
- →**Potential New Verticals**: Promoter stated plans to add 5-8 new business verticals in coming months for sustained growth.
- →**Exploring Alternate Funding**: For BESS projects (Karnataka, Bihar), open to raising funds or exploring other business structures.
💰 Fundraising & Capital Structure
- →The company is open to both raising funds and exploring other financing options for its projects, including the BESS built-on operator model projects valued around Rs. 400-450 crores (Page 18).
- →There is no explicit commitment to raising debt or equity at this time; alternative funding approaches are being actively discussed and will be communicated when finalized.
- →Working capital requirements for BESS operations are expected around Rs. 200 crores, but no direct statement about fundraising specifically for working capital is mentioned (Page 12).
- →The management is focusing on disciplined working capital management aligned with project execution cycles (Page 6).
- →Overall, fundraising plans appear flexible and contingent on project needs and strategic decisions, with openness to equity or debt as required.
📋 Order Book & Pipeline
- →Current order book stands at approximately INR 890 crore in the BESS segment.
- →Total order book across segments is INR 946 crore (INR 9,460 million) covering 91 projects.
- →Bid pipeline under evaluation is around INR 750 crore, primarily in non-BESS/core product segments.
- →Expected conversion rate for bids under evaluation is approximately 20%.
- →About 20% of the existing order book is expected to be executed in FY’26, with majority in FY’27 and beyond.
- →No significant BESS orders have been booked as revenue till Q3 FY’26; around INR 40 crore expected in Q4.
- →BESS factory operational from end FY’26 with expected utilization of 40-50% in the next financial year.
Key Metrics
Frequently Asked Questions
What were Prostarm Info Systems Ltd Q3 FY26 results?
Targeting 20% to 25% growth in core/traditional business revenue year-on-year. - Expect meaningful revenue contribution from BESS segment starting FY’27, with 40%-50% capacity utilization in BESS factory. - BESS revenue potential at full utilization estimated between Rs. The company targets a revenue growth of 20% to 25% year-on-year, driven by robust order book and bids under evaluation (~Rs.
What is Prostarm Info Systems Ltd share price analysis?
Prostarm Info Systems Ltd currently shows a neutral. The stock trades at a P/E of 22.6 with a market cap of ₹786 Cr. Investors should review the full earnings analysis for detailed insights.
Is Prostarm Info Systems Ltd planning capital expenditure?
Jhajjar, Haryana Facility**: Setting up a 1.2 gigawatt BESS manufacturing plant, expected to be operational by Q4 FY'26.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.