Creative Newtech544631Earnings call transcript

Earnings call transcript: H1 FY27 total income up 16.55%, BSNL advance work order of INR3,194.83 crores

Transcript of the Q2 and H1 FY27 earnings conference call held on 29 October 2026.

By ScoutQuest · Tue 3 Nov 2026, 7:34 AM IST · 2 min read

H1 FY27 Total Income: INR1,231.65 crores, up 16.55% year on year
H1 FY27 EBITDA: INR65.01 crores, up 55.78%
BSNL Advance Work Order Value: INR3,194.83 crores (BharatNet Middle Mile Network Project, Odisha Telecom Circle)

What this update is

This is the transcript of Creative Newtech's earnings conference call for the second quarter and half year ended September 30, 2026, held on October 29, 2026. The call was addressed by Chairman and Managing Director Ketan Patel and Chief Financial Officer Ajit Thakur, with Whole Time Director Vijay Advani also present.

First half FY27 highlights (consolidated)

Total income of INR1,231.65 crores, a year-on-year growth of 16.55%.
EBITDA of INR65.01 crores, a year-on-year growth of 55.78%. Management highlighted that EBITDA grew faster than total income, which it read as an improvement in operating margins.
Profit after tax of INR39.47 crores.
Cash flow from operating activities of INR351.24 crores for the first half, which management described as strong cash generation.
Net working capital days at 45 days, which management compared with FY26 and described as a significant improvement.

Business developments discussed

Management said the company received an advance work order from BSNL for the BharatNet Middle Mile Network Project in the Odisha Telecom Circle, with an approximate total value of INR3,194.83 crores. It was described as an opportunity to participate in strengthening India's digital connectivity infrastructure.
The proposed acquisition of Infinova India Private Limited was described as taking forward the company's surveillance and security strategy and its Make in India platform ambition.
Partnerships mentioned: Ravel Electronics in fire and life safety technology, Drona Aviation in drone-based STEM education, and Jupiter Electric Mobility in the drone technology portfolio.
WOZOYO, a global consumer technology brand, was launched under wholly owned Hong Kong subsidiary Secure Connection Limited, which management presented as a new avenue for long-term growth.

What management said about the road ahead

Management said the next priority is to turn the opportunities created into consistent execution and lasting value creation, and that the ambition is to convert these opportunities into sustainable business growth. It listed disciplined capital allocation, working capital management and operational execution as central to the strategy, and said financial priorities remain efficient operations, prudent capital management and consistent execution while pursuing opportunities of greater scale. The call carried a standing caution that forward-looking statements are based on current beliefs and expectations and are subject to risks and uncertainties.

How this can be read

The tone of the call is positive, with management focusing on earnings growing faster than revenue, better margins and large operating cash generation. The BSNL update is the largest business item discussed, and it is described as an advance work order with an approximate value.

Question and answer

The transcript shows the question and answer session opening with participants from Bheda Family Office and Trineta Asset Managers; management said the questions could not be heard.

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