Concall — clean across the call.

To begin with, in Q2, we have recorded revenues of INR<strong>135 crore</strong>s with 12.5% EBITDA. And we are looking forward for a very strong second half, almost 2x of the sales done in the first half, with a revised guidance of 30% to 35% increase in revenues for FY '26 compared to our initial guidance of 25%, which is driven by robust order inflows scheduled for execution within the fiscal year.

While there is a temporary dip in EBITDA in this quarter, this is a short-term phenomenon, and we expect a strong performance in the second half of FY '26, which is clearly indicated by the kind of orders which have come in, which have to be excluded within this fiscal year itself. Our annual EBITDA margin is predicted to remain around 21%, in line with our initial guidance.

Notably, the order book we have closed at INR<strong>1,296 crore</strong>s at the end of Q2 compared to INR930 crores at the end of Q1. And further, we have received orders worth INR480 crores post Q2 as on date. So based on the expected inflow of orders during the year, financial year '26, we are expecting a closing order book of close to INR2,800 crores by end of the year.

We expect a robust performance in the clean energy segment, which is the vertical itself in the second half of FY '26 with revenues of approximately INR<strong>340 crore</strong>s anticipated during the period.

Based on this, we have already planned the required expansion plans for the hotbox division from the existing 8,000 units to over 12,000 units by end of March, which is a substantial increase, and further expansions are being planned for additional to go up to 16,000 units by September of next year and by March of next year to go up to 20,000 units capacity for this particular division. The much anticipated fleet reactive orders are expected to be received in the coming weeks, totalling to approximately around INR<strong>500 crore</strong>s for Kaiga 5 and 6.