Interarch Building Solutions targets ₹2,100 crore in FY27

ET Now interview: orders, pipeline, and FY27 stance

Interarch Building Solutions managing director Arvind Nanda said the company is seeing a steady flow of enquiries and bids, with orders “not in short supply” in the current market. Speaking to ET Now, Nanda discussed an announced ₹80 crore order win and said the company continues to balance order intake with execution capacity. He added that the company’s board meeting and investor call were scheduled for the following week, when it expects to share an updated order book number. The management commentary comes amid rising steel-based construction demand across industrial and infrastructure-led projects.

Recent order win and order book: execution remains the constraint

Nanda confirmed Interarch won an order worth ₹80 crore around two weeks before the interview. He said the company’s reported order book in the prior quarter was about ₹1,650 crore, while noting the order book naturally moves with ongoing execution. According to him, inflows have been good over the last three months, but the company has also executed projects during the same period. As a result, he indicated the order book would be higher than what was disclosed earlier, but refrained from giving a precise figure ahead of results.

Two pipelines: ₹900 crore near-term, ₹3,500 crore longer-term

Management outlined two layers of project visibility. The first is a “finalising” pipeline expected to convert within 30 to 60 days, which Nanda pegged at about ₹800 to ₹900 crore. The second is a longer-term pipeline, with conversions expected between two to three months and up to 12 months, which he said is “over ₹3,500 crore.” He described these longer-term opportunities as bids where the company has received serious enquiries and submitted schedules and pricing.

Nanda also clarified that the pipeline numbers do not include general enquiries that are still at an early stage. He added that Interarch typically discloses only orders above ₹40 crore, implying smaller wins are not routinely announced.

Capacity additions: Gujarat and Andhra Pradesh lines to come on stream

Interarch is expanding capacity through new production lines in Gujarat and Andhra Pradesh. Nanda said a new pre-engineered building (PEB) line in Gujarat and a heavy structure line in Andhra Pradesh are expected to begin production by June to July. He also said the company is planning a second phase within the same financial year at both locations.

On heavy structures, Nanda said the Andhra line should be fully in play by around 15 August and is expected to add about 20,000 tons annually to capacity. He added that the company is trying to speed up the second phase of heavy structures due to demand, with a possible commissioning window around January to February 2027.

FY27 revenue guidance: ₹2,100 crore target maintained

In the ET Now interaction, Nanda said the company remains on track for its ₹2,100 crore revenue target for FY27. He said the guidance is set cautiously and may be revisited later depending on how quickly the new lines ramp up to “serious production.” For now, he said the company is “very confident” of achieving the ₹2,100 crore target.

Demand cues: data centres, semiconductors, batteries, and high-rise steel buildings

Management highlighted demand from data centres and high-rise construction as key drivers for the heavy structures push. Nanda said Interarch already participates in segments such as commercial buildings, semiconductors, data centres, and lithium battery plants, but that some projects require capabilities the company is building through the heavy structures facility. He also pointed to a broader move toward building in steel, particularly relevant for large, fast-track industrial projects.

Exports: small base, focus on partnerships in North America

On exports, Nanda said Interarch’s export contribution is currently small. He also said the Middle East is not part of the company’s export opportunity set because it is a well-established local market. The company is exporting to neighbouring countries and to Africa, and has started receiving orders from Canada, the US, and Africa. He added that building partnerships in the US and Canada takes time, and that exports may become a larger number in FY28 rather than FY27.

Financial snapshot from recent disclosures: Q1 to Q3 FY26 highlights

Separate financial updates included in the shared material point to strong growth through FY26. In Q3 FY26, the company reported revenue of ₹522.52 crore (from ₹52,252.25 lakh) with 43.7% growth and net profit of ₹37.26 crore (from ₹3,726.42 lakh). It also referenced a ₹100 crore QIP to fund capacity expansion, including Andhra Pradesh Phase 2 heavy structures and Gujarat Phase 2 PEB facilities, and a projection of FY26 revenue of ₹1,900 crore versus an earlier target of ₹1,720 crore.

For Q2 FY26, the company reported revenue of ₹491.09 crore, EBITDA of ₹41.70 crore and profit after tax (PAT) of ₹32.28 crore, alongside an order book of ₹1,634 crore (as of October 31, 2025, in the shared summary). H1 FY26 performance in the same material was reported as revenue of ₹872 crore, EBITDA of ₹73 crore and PAT of ₹61 crore, with an EBITDA margin of 8.4%. It also cited total installed capacity of 200,000 metric tons across four plants.

Key numbers at a glance

Quarterly performance and market tape cited in the material

The shared material also included historical stock return snapshots for Interarch Building Solutions: 1 day (-3.95%), 5 days (-2.92%), 1 month (-13.63%), 6 months (-20.35%), 1 year (+12.58%), and 5 years (+39.97%).

Why this update matters for investors tracking execution-led growth

Interarch’s commentary puts the focus on execution capacity rather than demand generation. The company is signalling a large bid pipeline, but also reiterating that order intake is calibrated to delivery capability, which is critical in pre-engineered buildings where timelines are typically short and project management is execution-heavy. The upcoming capacity additions in Gujarat and Andhra Pradesh are positioned as near-term levers, and the company’s willingness to revisit guidance only after ramp-up provides a clear marker for what to watch in FY27.

Conclusion

Interarch Building Solutions is entering FY27 with an announced ₹80 crore order win, a stated ₹800-₹900 crore near-term pipeline, and over ₹3,500 crore longer-term bid visibility, while sticking to its ₹2,100 crore FY27 revenue guidance. Management expects updated order book clarity after its board meeting and investor call. The next set of results and commentary on capacity ramp-up timelines in Gujarat and Andhra Pradesh will be the immediate triggers for how the market assesses conversion and execution pace.