K2 Infragen Limited — Investor Meet, 02-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

K2 Infragen reported H2 FY26 revenue of Rs. 94 Cr, with EBITDA at Rs. 9 Cr (10% margin) and PAT at Rs. 6 Cr (6.4% margin). Full FY26 revenue grew 26% YoY to Rs. 185 Cr, with EBITDA up 25% YoY to Rs. 26 Cr (12.5% margin) and PAT at Rs. 13.33 Cr (7.2% margin). H2 margins were impacted by geopolitical events and raw material price increases.

Management noted a strategic shift towards direct government contracts, focusing on higher-margin railway and power transmission projects. The unexecuted order book stands strong at Rs. 424 Cr, with Rs. 412 Cr in new direct orders since December 2025. The company targets over 25% YoY growth for FY27. Cash flow is improving, and the company has received a comfort letter from Kotak for a HAM project, indicating strong banking support. Management remains confident in its professional approach and strategic direction for future growth and value creation.