Sugs Lloyd FY26: Growth Driven by Power T&D and Solar Execution

FY26 standalone revenue was INR300.73 crore, EBITDA was INR43.55 crore, and PAT was INR28.69 crore, as shown in the investor presentation.

Management stated the order book stands around INR825 crore.

Power T&D Infrastructure: INR139.18 crore (46.28%); Solar EPC Solutions: INR156.49 crore (52.04%); Civil Constructions: INR4.10 crore (1.36%), all on standalone basis.

Management reiterated a target of INR1,000 crore revenue by FY28 and stated FY27 top-line guidance of INR600 crore is achievable.

Management said FPI margins are far better than EPC and intends around 10% of total revenue contribution from FPIs, with expectation that FY28 could be better than 10%.

Management described terms as 60% payment on supply of material, 30% linked to installation and commissioning, and 10% retention.

Management disclosed a BBB minus rating from CARE. For FY26, total bank credit facility was INR125 crore (INR65 crore non-fund based and INR60 crore fund based), with INR49 crore utilized fund based.