Sadbhav Infra.

- Revenue guidance for FY2022 anticipates a 15% to 20% growth over FY2021, driven by ongoing and new projects like Surat Metro and Dholera. - EBITDA margin is expected to stabilize around 12%-13% based on the current order book and normal course of operations. - The company aims to improve execution with full operational activity post-COVID second wave disruptions, potentially increasing quarterly revenue run rates toward Rs.600-700 Crores. - Other income benefits from interest and write-backs contributed positively in Q4, possibly supporting profitability. - Focus remains on EPC projects with bids submitted worth approx. Rs.11,200 Crores, expected to sustain growth momentum. - Tax planning includes utilizing available MAT credit (~Rs.110 Crores), with flexibility on tax regime choices to optimize net profitability. - Debt reduction and monetization strategies are ongoing to improve financial health, indirectly supporting future earnings growth.

- As of March 31, 2021, the total order book stands at Rs.9,328 Crores. - Segment-wise order book breakdown is provided in the media release (details not specified here). - SIPL has a current outstanding order book of Rs.3,990 Crores, including ongoing HAM projects and SPVs sold to IndInfravit Trust. - Six road EPC projects worth Rs.11,200 Crores have bids submitted; bid openings are expected soon. - Executable order backlog is estimated at around 60%-70% of total order backlog of Rs.9,300 Crores, considering some projects are pending land acquisition. - Irrigation projects have moved partially; mining has not moved this quarter. - Some non-executable portions include irrigation with Rs.170-180 Crores under execution. - The focus is currently on EPC bids and projects with significant competition.

- Sadbhav Engineering has reduced standalone debt by Rs. 90 Crores in April, indicating active debt management. - SIPL has completed equity infusion for all HAM projects by end of April, improving liquidity. - Equity infusion and monetization efforts, including sale of assets like Ahmedabad Ring Road, three HAM projects, and Maharashtra Border Check Post, are ongoing to deleverage the balance sheet. - Raised Rs. 991 Crores in April through asset monetization supporting cash flow. - Long-term debt raised from Alliance and AMP after March 2021 to replace mutual fund debt. - Working capital and fund limits appear adequate; no liquidity crunch reported. - Focus remains on EPC bidding (Rs. 11,200 Crores worth submitted), possibly requiring future funding depending on project wins. - No explicit announcement of fresh equity or debt fundraising, but active capital restructuring and monetization ongoing to improve financial position.

- FY2022 capex depends on new projects as existing projects already have equipment in place (Page 16). - No specific capex numbers provided due to dependency on new project acquisitions (Page 16). - Current focus is on EPC projects with bids submitted for six road EPC projects worth Rs.11,200 Crores (Page 6). - SIPL has completed equity infusion of Rs.1,070 Crores for nine HAM projects, indicating strategic investment in HAM projects (Page 4). - Monetization of assets like Ahmedabad Ring Road and Maharashtra Border Check Post is underway to raise funds and support equity commitments (Pages 6, 12). - No immediate new bids or capex mentioned apart from existing submitted bids; waiting for bid openings to decide further (Page 12).

- For FY2022, Sadbhav Engineering expects a **15% to 20% growth** in revenue compared to FY2021. - Growth driven by revenue from newly started projects such as **Surat Metro and Dholera projects** which will contribute additional revenue this year. - The company aims to improve the revenue run rate, targeting **Rs.600 Crores to Rs.700 Crores per quarter** once COVID-related disruptions normalize. - Focus remains on executing and winning new EPC projects; bids worth around **Rs.11,200 Crores** have been submitted for six road EPC projects. - Monetization of assets like Ahmedabad Ring Road, Maharashtra Border Check Post, and HAM projects is expected to strengthen the balance sheet and support growth. - Execution is anticipated to improve as land acquisition and pandemic-related delays are resolved, aiding topline expansion.