Consistent Revenue GrowthSustained ~17% revenue growth indicates durable demand for the company’s railway and electrical construction services and stronger contract win momentum. Over months this supports scale, improves leverage on fixed costs, and strengthens backlog visibility for multi-year project execution.
Robust Margins And Operational ProfitabilityHealthy gross, EBITDA and net margins reflect effective cost and project management across execution cycles. Margin durability provides buffers on fixed-price contracts, supports reinvestment in capabilities, and sustains cash available for maintenance capex and selective growth initiatives.
Very Low Leverage And Rising Free Cash FlowExtremely low leverage and a high equity ratio give strong financial flexibility for bidding large contracts and absorbing project delays. A 72% YoY rise in FCF improves liquidity for working capital, dividend support, or targeted investments without adding debt.