Ramky Infrastructure Ltd

- The company is exploring innovative funding strategies beyond traditional banks. - Targeting better financing terms for new projects, specifically HAM projects typically funded at 30:70 debt-to-equity ratio. - There is ongoing advanced stage discussion with multiple financial institutions to close funding before March 2026. - Plans include effective debt and treasury management to support investment projects. - No full disclosure on specific funding arrangements yet; details expected once funding closures happen. - Confidence expressed about securing funds through various investors in India and abroad. - Emphasis on maintaining debt-equity ratio while managing massive funding needs for industrial parks and water treatment plants.

- The latest awarded Hyderabad water HAM project has a job value of INR 2,085 crore with a CapEx of INR 1,600 crore. - Funding structure for this project typically involves 40% payments during construction, with remaining requirements met through debt and equity, usually 30% equity and 70% debt. - The company is in advanced stages of financial closure for this project, expected to complete by January 2026. - Strategic focus includes enhancing international presence in Middle-East and Africa through water and wastewater projects and industrial parks. - The company is exploring innovative funding strategies beyond traditional banks to support large infrastructure projects while managing debt-equity ratios. - Guidance reflects maintaining a solid order book and pursuing large-scale industrial and water wastewater projects contributing to future CapEx plans. - Ongoing capital investment since 2005-2013 includes large land assets (2,500 acres), with some portions currently attached and awaiting release.

- The company targets closing close to INR 2,400 crore in revenue for the current fiscal year (FY26). - Execution of INR 1,600 crore of the current order book is expected in the remaining two quarters of FY26. - The total existing order book stands at INR 9,200 crore, with INR 7,600 crore expected to be executed in the next two years (INR 3,600 crore in FY27 and slightly more in FY27-FY28 due to accelerated projects). - Order inflow guidance aims at INR 12,000 crore backlog by FY27 end, maintaining a 2.5x to 3x order book visibility for 2-3 years. - International market expansion focused on Middle-East and Africa is underway with expected breakthroughs in the next two quarters. - Growth segments prioritized include water and wastewater, industrial parks, building and urban solutions. - EBITDA margins expected to maintain at around 21% to 22% long-term on a consolidated basis.

- Revenue for FY26 expected around INR 2,400 crore, with INR 1,600 crore to be booked in next two quarters (Q3 and Q4 FY26). - Order backlog currently INR 9,200 crore; expected to rise to INR 12,000 crore by FY27 end. - Execution of INR 7,600 crore (order book less INR 1,600 crore) expected over next two years: approx. INR 3,600 crore in FY27 and similar or higher in FY28. - EBITDA margins targeted to remain stable at 21%-22% consolidated and sustainable over long term. - EBITDA for FY26 projected at over INR 800 crore based on margin guidance. - Other income (mainly interest from HAM projects) sustainable at about 75%-80% of Q2 levels, contributing to profitability. - Growth driven by water/wastewater projects, industrial parks, and selective EPC and HAM projects in India and international markets (Middle East and Africa). - Leadership focused on disciplined bidding, supply chain, debt, and treasury management to sustain growth and margins.

- Current order book stands at INR 9,200 crore. - Segment-wise breakdown: Industrial - INR 4,000 crore, Water & Wastewater - INR 2,700 crore, Building Construction - INR 2,000 crore, Urban Solutions & others - INR 500 crore. - Expected execution of INR 1,600 crore orders in the current year. - The remaining INR 7,600 crore of the order book is expected to be completed over the next two years (INR 3,600 crore in the next year and the balance INR 3,600 crore afterward). - Slightly higher execution expected in FY26-FY27 due to acceleration in certain water wastewater projects. - Target to maintain a two to three year order book visibility, aiming to increase the order backlog to around INR 12,000 crore by FY27. - Large bid pipeline exceeding $1 billion across segments, with selective bidding strategy focusing on value addition.