Transcript of Earnings Call Q2 FY26-27

CIL/SE/2026-27/56 November 07, 2026 BSE Limited National Stock Exchange of India Limited P.J. Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai- 400 001 Mumbai - 400 051 Scrip code: 540710 Symbol: CAPACITE Sub: Transcript of Earnings Call Q2 FY26-27 Ref: Sub-para 15(b) of Para A of Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, In continuation to our letter dated November 05, 2026, we hereby enclose transcript of the earnings call held on Thursday, November 05, 2026, on operational and financial performance of the Company for the Second quarter (Q2) and half year ended September 30, 2026. Kindly take the same on record. This disclosure will also be hosted on the Company’s website viz. www.capacite.in. For any correspondence or queries or clarifications, please write to cs@capacite.in. Thanking you Yours faithfully, For Capacit'e Infraprojects Limited Rahul Kapur Company Secretary and Compliance Officer Encl: a/a Capacit'e Infraprojects Limited Regd. Office: 605-607, Shrikant Chambers, Phase - 1, 6th Floor, Adjacent to R.K. Studios, Sion – Trombay Road, Chembur, Mumbai - 400 071, India. Tel No.: +91-022-7173 3733, Fax.: +91-022-7173 3733, Email: info@capacite.in ------------------------------------------------------------------ CIN: L45400MH2012PLC234318 | www.capacite.in “Capacit'e Infraprojects Limited Q2 FY '27 Earnings Conference Call” November 05, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the Company’s website will prevail MANAGEMENT: MR. ROHIT KATYAL – EXECUTIVE CHAIRMAN – CAPACIT'E INFRAPROJECTS LIMITED MR. RAJESH DAS – CHIEF FINANCIAL OFFICER – CAPACIT'E INFRAPROJECTS LIMITED MR. ALOK MEHROTRA – EXECUTIVE DIRECTOR, FINANCE – CAPACIT'E INFRAPROJECTS LIMITED MR. NISHITH PUJARY – EXECUTIVE DIRECTOR, ACCOUNTS AND TAX -- CAPACIT'E INFRAPROJECTS LIMITED MARATHON CAPITAL – INVESTOR RELATIONS – CAPACIT'E INFRAPROJECTS LIMITED Page 1 of 16 Capacit'e Infraprojects Limited November 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Capacit'e Infraprojects Limited Q2 and H1 FY '27 Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Before we begin, a brief disclaimer. The presentation which Capacit'e Infraprojects Limited has uploaded on the stock exchange and their website, including the discussions during this call contains or may contain certain forward-looking statements Should you need any assistance during this conference, please signal for an operator by pressing star followed by zero on your touch-tone telephone. I now hand the conference over to Mr. Rohit Katyal, Executive Chairman, Capacit'e Infra. Thank you, and over to you, Mr. Katyal. Rohit Katyal: Good day, everyone, and thank you for joining us. On behalf of Capacit'e, I extend a warm welcome to all participants on our Q2 H1 FY '27 earnings conference call. Joining me today are Mr. Rajesh Das, CFO; Mr. Alok Mehrotra; Mr. Nishith Pujary; and our Investor Relations team from Marathon Capital. I trust you have had an opportunity to review our financial results. The presentation and press release have been filed with the stock exchanges and are also available on our website. I'm pleased to share that we have delivered another strong quarter, achieving our highest ever quarterly revenue of INR771 crores, representing a 19% Y-on-Y growth despite the seasonal challenges. This performance reflects the strength of our execution capabilities, the commitment of our teams and the confidence our clients continue to place on us. Our growth is backed by a strong and diversified order book of INR13,000 crores as on September 30, 2026, providing excellent revenue visibility for the coming years. During FY '27, thus far, we have secured new orders worth INR2,487 crores, reinforcing our market position and creating a solid foundation for sustained growth. Supported by our strong client relationships, improving execution intensity and a healthy pipeline of opportunities, we remain well positioned to capitalize on the growing demand across the construction sector. We have also remained focused on strengthening our balance sheet and improving operational efficiency. Our healthy leverage profile and improved working capital performance provides us with the flexibility to pursue growth opportunities while maintaining financial discipline and creating long-term value for shareholders. As we look ahead, our priorities remain clear: accelerating execution, securing quality orders, enhancing operational efficiencies and delivering sustainable and profitable growth. Page 2 of 16 Capacit'e Infraprojects Limited November 05, 2026 I now turn to the key updates during the quarter. This quarter saw us achieving our highest ever quarterly revenue, driven by a significant ramp-up in the project execution across key sites. While elevated commodity prices continue to exert some pressure on the margins, the impact was substantially mitigated through contractual escalation clauses embedded in our projects for key raw material. As execution scales up further and commodity prices stabilize, we remain fairly confident of improving profitability over the medium term. Improved working capital efficiency resulting in a reduction of 11 days in working capital cycle compared to Q1 FY '27. The company added Mahindra Lifespace Developers Limited as a new client, further strengthening our customer portfolio. As mentioned earlier, order book stood at INR13,013 crores as on September 30, 2026, with a balanced mix of 54% coming from public sector and 46% from the private sector projects. Combined with orders secured in FY '27 and a strong identified bidding pipeline, we remain confident of surpassing our FY '27 order inflow target. With that, let me take you through our operational and financial performance for the quarter. Revenue from operations for Q2 FY '27 stood at INR771 crores, up by 19% year-on-year. Revenue from operations for H1 FY '27 stood at INR1,400 crores, up by 13% year-on-year. EBITDA for Q2 FY '27 stood at INR119 crores, up 10% year-on-year. EBITDA margin for Q2 FY '27 stood at 15.5%. EBITDA for H1 FY '27 stood at INR218 crores, up by 4%. EBITDA margin for H1 FY '27 came in at 15.6%. PAT for Q2 FY '27 stood at INR48 crores as compared to INR51 crores in Q2 FY '26. PAT margin for Q2 FY '27 stood at 6.1%. PAT for H1 FY stood at INR87 crores as compared to INR98 crores in H1 FY '26. PAT margin for H1 FY '27 stood at 6.2%. With that, I leave the floor open for questions. Moderator: Thank you very much. The first question comes from the line of Rajesh Jain from RK Capital. Please go ahead. Rajesh Jain: My question is primarily on the contract assets file. If I look at your balance sheet, under your non-current assets, there are contract assets of INR279 crores, under current assets there are contract assets of INR1,179 crores and trade receivables on top of it are INR1,182 crores. So put together, it comes to INR2,640 crores which is 95% of your previous 12 months revenue. I wanted to understand on this contract assets, are all of this retention money and unbuilt revenue or is there something else in this? How much of it is retention money and how much is unbuilt revenue? Rohit Katyal: So retention money is INR170 crores, which has remained steady in spite of growing revenue, number one. Number two, the contract assets have to be reduced by INR217.62 crores towards the negative contract assets. As such, the total contract assets will stand at it will be divided into the following please note it down. INR1,188 is towards work in process is essentially are milestone payments, which are billed. And if you see the increased revenue is only reflecting that the WIPs in spite of increa [Showing first 8,000 characters — download PDF for full document]