C2C Advanced Systems' H1 call highlighted its IP-driven, software-first approach in defense and industrial innovation, differentiating it from hardware-focused rivals. Key operational wins include a $7 million Malaysian security contract and being a primary vendor for the Indian Navy's WECDIS. A successful POC for border command posts suggests multi-thousand crore potential. Total proposals, including defense opportunities, exceed 3,800 Cr. Management projects FY26 turnover over 250 Cr with robust margins. Resolving 166 Cr in receivables is a priority, targeting major collections by March. C2C is confident about achieving consistent free cash flows by 2027.