EMSLIMITED EMS Q4 FY26 results (Jan–Mar 2026) and concall
EMS reported a challenging Q4 and FY26 with significant revenue decline due to external factors like government payment delays, election-related project halts, and natural calamities. Despite the setbacks, the company maintains a healthy order book of ₹1,837 crores and aims for a strong recovery in FY27, targeting ₹1,000 crores in revenue and an improved EBITDA margin of 25%. Management reiterated its long-term growth aspirations and commitment to transparency.
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What they filed
Q4 FY26: revenue down 55.6%, net profit down 87.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 233 | 245 | 270 | 239 | 173 −26% | 200 −18% | 120 −56% |
| EBITDA | 69 | 71 | 65 | 54 | 37 −46% | 31 −56% | 18 −72% |
| Net profit | 50 | 51 | 47 | 38 | 28 −44% | 19 −63% | 6 −87% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





