Capacit’e Infraprojects reported FY25 revenue of INR2,407 Cr (+23% YoY) and PAT of INR204 Cr (+69% YoY), with an 18.2% EBITDA margin. Q4 revenue grew 16% to INR705 Cr, PAT rose 2% to INR53 Cr; margins were hit by deferred profit recognition under a new accounting policy affecting key EPC projects. Order inflows reached INR2,823 Cr in FY25, with a strong order book of INR10,545 Cr (68% public sector). Management targets 25% revenue CAGR through FY28, driven by better execution and working capital. Collections improved in Q1 FY26, aiming for debt reduction and stable finance costs. Capex is guided at INR75-80 Cr. Confidence remains despite labor and execution challenges.