EMS Q1 FY25 results (Apr–Jun 2024) and concall

EMS Limited reported a strong Q1 FY25 with significant YoY growth in both consolidated and standalone revenue and profitability, driven by higher execution of works. The company maintains a robust order book of over ₹1800 crore and a bid pipeline exceeding ₹4000 crore. Management reiterated its high-margin business model, attributing it to strong in-house engineering capabilities and low overheads. Key discussion points included strategic asset acquisitions to support bank guarantee requirements, planned diversification into high-margin road and real estate EPC, and addressing analyst concerns