Mumbai, April 13 -- The Rs 736 crore revenue excludes orders worth approximately Rs 35 crore which were dispatched & invoiced in March 26 but are not recognized as revenue for FY 25-26 due to non-compliance with Incoterms / delivery cut-off date of 31st March. This revenue is expected to be recognized in Q1 FY27.

The company has achieved consolidated unaudited revenue of approximately Rs 736 crore in FY26, failing short of its earlier guidance of Rs 775-800 crore projected in January/February 2026. The sharp drop from projected revenue is on account of tarriff issues in USA and the war in Middle East which led to a halt in dispatches to the region and which also affected global shipping and container availability leading to delays in shi...