EMS Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

EMS Limited's Q2 revenue declined 26-27% due to heavy monsoon rains hindering underground project execution, impacting profitability with a 2% margin dip. Management expects to rebound strongly in H2, projecting 18-20% annual revenue growth and maintaining 17-19% PAT margins, fueled by procurement and approvals done during the monsoon. The unexecuted order book stands at INR 2,388 Cr, with INR 500-600 Cr in new orders expected this fiscal year. The company highlights its in-house capabilities and sector expertise as key differentiators. Management remains confident in achieving full-year targets.