Karamtara Engineering management discussed Q1 results, growth guidance and Saudi Arabia expansion plans in an interview post its listing

Thu 8 Oct 2026

Last year revenue

4,300 crore rupees

Growth guidance this year

60 to 65 percent

Q1 revenue

1,581 crore rupees

Capex this year so far

175 crore rupees

Additional planned capex

250 to 300 crore rupees

Heard on business television between 11:48:52 - 11:51:52 IST.

• Management guided 60-65% revenue growth for the year, up from 4,300 crore rupees last year, with Q1 revenue at 1,581 crore rupees.
• Freight costs hit margins due to export-heavy business, but margins expected to improve as new orders at new prices kick in and utilization rises in H2.
• Capex of about 2,100-2,600 crore rupees planned across 12 products, with asset turn of 5.5-6x expected to drive revenue towards 10,000 crore rupees.
• Saudi Arabia plant to start by February-March, driven by local content law requiring local manufacturing for solar and transmission projects tied to Expo 2030 and World Cup 2034; expects 90% utilization by second year.
• Order book of 6,000 crores for solar with 4-6 month execution timelines in India, longer for exports and transmission; large part expected to be consumed this fiscal year.

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