Ganesh Infra.

- There is a current fundraising through a preferential allotment of Rs. 100 crores planned, which is expected to suffice for working capital and contingencies until FY'27. - No new fund raise or any big event is planned beyond this, as per current plans. - The company has sanctions from private lenders, NBFCs, and PSU banks for machinery loans but does not foresee working capital as a challenge. - The preference towards improving credit rating is to gain better bank guarantees and non-fund based support, not to increase debt extensively. - Post FY'27, cash flows from operations are expected to turn positive, reducing reliance on external funds.

- The company plans to purchase some machinery in the future to meet PQ (Pre-Qualification) requirements, particularly for mining projects. - Currently, machinery for mining projects is hired locally, but owning machinery is planned ahead. - Funding for these machinery purchases is secured via sanctions from private lenders, NBFCs, and PSU banks, replacing higher current rental expenses with EMIs. - The preferential issue of shares (₹100 crore raise) is intended to suffice working capital and capital investment needs at least until FY'27. - No new major fund raises or big events planned currently; cash flow from operations is expected to turn positive from H2 FY'27. - No expansion into new geographies for now; focus is on maximizing revenue from existing projects and divisions.

- Ganesh Infraworld has a robust order book of Rs. 2,262 crores as of September 30, 2025, providing strong revenue visibility for upcoming quarters. - The company is focusing on steady growth rather than rapid expansion, extracting maximum revenue from existing projects and selectively bidding on new tenders. - Expansion into mining projects, which constitute 30% of the order book, offers long-term operational contracts (20-25 years), ensuring consistent cash flows. - The mining segment is expected to maintain EBITDA margins similar to current levels, with potential improvement once the company acquires its own machinery fleet. - Revenue growth for FY'26 is expected to be strong, with the second half contributing approximately 60% of annual revenue, consistent with industry seasonality. - Cash flow from operations is projected to become positive from H2 FY'27 as current project investments mature. - The company plans controlled, sustainable growth supported by a strengthened execution team and improved working capital management.

- Positive cash flow from operations expected from H2 FY'27 as current projects mature and no major fund raises are planned. - Growth driven by profitable projects in mining and infra sectors; mining offers long-term (20-25 years) stable revenue. - Order book robust at Rs. 2,262 crores with high revenue visibility. - EBITDA margins expected to remain stable or improve with own machinery fleet planned in mining. - H1 FY'26 saw 70% revenue growth and 110% EBITDA growth YoY, indicating strong execution capabilities. - Operating leverage and scale benefits to support margin expansion. - Team expansion and increased execution bandwidth to support sustainable growth. - Working capital and leverage managed well, with preferential share issue of Rs. 100 crores sufficing till FY'27. - Diversified project portfolio reduces risk and supports consistent earnings. - The company expects improved margin profiles as projects mature and mobilization costs are recovered.

- As of September 30, 2025, Ganesh Infraworld Limited's order book stands at approximately Rs. 2,262 crores. - The current bid book for mining projects alone is around Rs. 2,800 crores. - Order book composition: 39% civil infra, 23% water infra, 30% mining, and 8% civic utilities. - The Company maintains a strong order pipeline with selective tender participation based on geographical and departmental familiarity. - Expected to continue winning niche projects, especially in water treatment, sewerage treatment, and mining. - Fundraising through preferential share allotment (Rs. 100 crores) aims to support working capital requirements up to FY'27. - Management expects order maturation and associated cash flows to improve operations and profitability by H2 FY'27.