EMS Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

EMS Ltd.'s Q3 FY26 results were below expectations, with quarterly PAT ~10% and EBITDA ~15-16%. Management cited extended monsoons and Rs.1,100 Cr of new orders in design phase incurring costs without immediate revenue. Outlook projects Q4 FY26 improvement and strong growth in Q1 FY27. Full-year FY26 PAT is targeted >15% and EBITDA >22-23%. The unexecuted order book stands at ~Rs.2,200 Cr, expected to reach ~Rs.3,000 Cr by Q1 FY27. Promoter share pledging, for personal real estate, is slated for significant reduction by FY27. Management expresses confidence in a robust recovery.