Q1 2026 Suyog Telematics Ltd Earnings Call Transcript
Key Points
- Suyog Telematics Ltd (BOM:537259) has completed 30 years in the telecom industry, showcasing its resilience and ability to sustain through industry challenges.
- The company has seen a significant increase in BSNL's contribution to revenue, reaching 4.7%, compensating for the lack of major capex from Airtel and Jio.
- Suyog Telematics Ltd has crossed 5,000 internet towers and 7,107 tenancies across India, with an increase in rural tenancy ratio from 1.1 to 1.22.
- The acquisition of Lotus Infra has strengthened the company's presence in the Delhi Circle, complementing its strong presence in Mumbai.
- The company has maintained strong EBITDA margins of 75% to 76%, attributed to upgrades for Bharti Airtel and a strong cash flow from BSNL rollouts.
- The company faces challenges in achieving its target of adding 10,000 towers due to delays in billing and approvals, particularly in Q1 and Q2.
- There is a dependency on securing additional funding, with a need for INR500 crore to INR800 crore to meet rollout targets.
- Revenue per tenancy has been declining, with efforts to renegotiate site rentals impacting overall revenue growth.
- The EPC tender process with BSNL has faced delays, with the tender being canceled and re-floated, affecting timelines.
- The company is reliant on the financial health and rollout plans of partners like Vodafone, which has yet to provide confirmation on its planned 15,000 tower rollout.
Ladies and gentlemen, I welcome you all to the Q1 FY26 post earnings conference call of Suyog Telematics Limited. Today on the call from the management team, we have with us Mr. Shivshankar Lature, managing director, Mr. Tushar Shah, Business Head India, Mr. Ajay Sharma, Chief Financial Officer, Mr. Suyash Lature, Business Development Manager, and Ms. Aarti, compliance head. As a disclaimer, I would like to inform you inform all of you that this call may contain forward-looking statements which may involve risk and uncertainties. Also a reminder that this call is being recorded. I would now request the management to quickly run us through the through the business highlights and, performance highlights for the quarter ended 30th June 25, the growth plan and vision for the coming year post which will open the flow for Q&A over to the management.
Hi everyone, I'm Tushar. I'm heading business for Suyog. I would like to first brief you, everyone, about the business, what we have done in Q1. So the
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