Univastu India

- The company initially indicated plans to raise funds through debt in the quarterly concall. - Subsequently, Univastu opted for a preferential share issue instead of increasing debt. - The rationale for this choice was to increase bank guarantee limits (non-fund-based limits) rather than fund-based limits. - Promoters are investing via fully convertible warrants to avoid additional debt, which will increase promoter stake by about 4%. - The commercial financial arrangement related to the Swedish JV company is not finalized, pending financial closure. - No specific mention of immediate future new fundraising apart from the preferential share issue and promoter investment.

- Univastu has signed a Memorandum of Understanding (MOU) with a Swedish company, Urban Systems, for development, design, integration, and execution of data centers in India. This will be executed as a long-term joint venture (JV), with the Swedish company handling design and Univastu managing complete EPC (civil, technology, HVAC, etc.). - Univastu has formed a JV called Univastu Bootes Infra LLP for net-zero projects in northern India, with 51% Univastu and 49% Bootes shareholding. - The company has created a new entity, Univastu Nuos IoT Systems Private Limited, focusing on wireless Building Management Systems (BMS) and IoT-enabled solutions. - Plans include increased investments in tech-based EPC, data centers, net-zero sustainable projects, metro projects, and sports infrastructure, aligned with government initiatives. - Financial closure and final JV share percentages are pending for the data center project, indicating ongoing capital deployment.

Future Growth Expectations for Univastu India's Sales/Revenue/Volumes: - Significant revenue growth projected in FY25 and FY26, supported by a healthy order book of ₹1,053 crore. - Expected PAT margins are around 9-11% for the current and next financial year due to strong project pipeline. - Expansion into new segments like net-zero projects, data centers, wireless Building Management Systems (BMS), and sports infrastructure (including Commonwealth and Olympic-level swimming pools). - Secured large government and infrastructure orders with financial closure already done, minimizing receivables risk. - Strategic collaborations and JVs with companies like Urban Systems (Swedish company) for sustainable net-zero data centers are expected to open additional revenue streams. - Entry into tunnel infrastructure via partnership with Valecha, targeting future growth markets. - Geographic diversification with increasing orders from Maharashtra, Gujarat, Madhya Pradesh, and northern India.

- The company expects a strong growth momentum in revenues and profitability in FY26 and FY27. - Swimming pool segment margins are projected at around 9-11% PAT. - Overall PAT margin guidance is around 10% for current and next financial years, subject to order finalization. - Univastu aims to achieve ₹300 crore revenue by FY27. - The company targets ₹200 crore order intake in total for the financial year. - Growth is driven by a healthy current order book of ₹1053 crore and a focus on tech-based EPC projects (~70% of the order book). - New business areas such as data centers, metro BMS, net-zero projects, and IoT-enabled systems are expected to contribute to revenue growth. - The company plans to continue strengthening its balance sheet with preferential share issues rather than additional debt. - Long-term joint ventures and strategic partnerships (e.g., with Swedish company, Bootes Infra) are expected to boost future profitability.

- Current order book stands at ₹1,053 crore. - Approximately ₹900 crore of orders are on a standalone basis, and ₹150 crore on a consolidated basis. - Recent significant order includes a ₹390 crore order from L&T for MEP services. - Swimming pool orders amount to ₹46 crore in the current financial year. - Active participation in upcoming tenders worth around ₹500 crore is ongoing for FY26 and FY27. - Targeting robust revenue growth in the second half of FY26 owing to active project execution. - No current order book for tunnel business; orders expected in the next financial year following company formation. - Order book is a mix of 30% traditional EPC and 70% tech-based EPC projects.