EMSLIMITED

What EMS promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 1 delivered 9 missed 12 open
  • Order Book Execution Timeline delivered said Q1 FY25 Promised: 2 to 2.5 years Q1 FY27: Management reiterated the execution cycle: 'Project timeline is two to three years... typical timeline is from 18 to 24 months'. This is consistent with or better than the original promise.
  • EBITDA Margin missed said Q1 FY25 Promised: 24% to 26% Q1 FY27: Target period has passed. The promise was missed.
  • EBITDA Margin (FY27) at risk said Q4 FY26 Promised: about 25% Q1 FY27: Q1 FY27 reported EBITDA margin was ~17.9% (₹28.14cr / ₹157.24cr), significantly below the full-year target. Management now guides for FY27 EBITDA to be 'at par with 2024-2025 numbers', which is a less specific target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 22 tracked commitments for EMS — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens