1. Opening Hook

India is building metros faster than politicians change alliances, and somehow Trishakti is lifting all of it—literally. While most infra companies cry about margins, Trishakti casually drops a 70% EBITDA margin like it’s a quarterly ritual. Steel plants, wind turbines, ports, metros—if something heavy is moving, their cranes are probably sweating somewhere nearby.

Management sounds confident, capex is flying, utilization is magically at 100%, and depreciation has suddenly discovered steroids. Sounds too good? Maybe. Sounds interesting? Definitely.

Stay with me—because once we decode the numbers, the real drama begins after page three. 😏

2. At a Glance

• Revenue ₹800 Cr run-rate – From small crane guy to infra landlord, glow-up unlocked.
• EBITDA margin 70% – Infra companies aren’t supposed to do this, but here we are.
• PAT up 17× YoY – When operating leverage finally wakes up from hibernation.
• Fleet utilization 100% – Either perfect planning or no crane ever sleeps.
• ₹400 Cr CAPEX underway – Management spending like demand will never die.
• ARR ₹48 Cr+ – Recurring revenue, because one-time projects are too mainstream.

3. Management’s Key Commentary (Decoded)

“Standalone revenue reached ₹800.25 lakh with EBITDA of ₹560.57 lakh.”
(Translation: We found the cheat code of equipment rentals. 😏)

“Operating margin stood at 70.1%.”
(Translation: Yes, this is infra. No, this is not a typo.)

“Fleet utilization remains at 100%.”
(Translation: Our cranes don’t rest, neither do our accountants.)

“₹154 crore capex deployed against ₹100 crore target.”
(Translation: When demand slaps you, you don’t ask questions—you buy more cranes.)

“Focused on high-margin equipment hiring.”
(Translation: EPC margins are for amateurs; rentals are where the real money lives.)

“Strong visibility across renewables, metros, ports.”
(Translation: Government capex = Trishakti ka fixed deposit.)

4. Numbers Decoded

One-liner: This is not a construction company—it’s an infrastructure equipment landlord with pricing power.

5. Analyst Questions (Decoded)

• Q: Are margins sustainable?
  (Translation: Bhai, sach