Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations

Audit Opinion:

Limited Review Report - Clean opinion with Emphasis of Matter regarding unreviewed entities

Key Financial Highlights [All amounts in Million INR]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹9,745.03 million (Q2 FY26: ₹7,869.67 million, +23.8% YoY)
  • Total Income: ₹9,822.04 million
  • Net Profit: ₹819.71 million (Q2 FY26: ₹558.63 million, +46.7% YoY)
  • EPS: ₹4.71 (Q2 FY26: ₹3.21)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹18,760.38 million (H1 FY26: ₹16,053.14 million, +16.9% YoY)
  • Total Income: ₹18,932.58 million
  • Net Profit: ₹1,573.07 million (H1 FY26: ₹1,117.85 million, +40.7% YoY)
  • EPS: ₹9.03 (H1 FY26: ₹6.42)

Balance Sheet Position (Standalone as at September 30, 2026):

  • Equity Share Capital: ₹871.02 million
  • Other Equity: ₹21,597.83 million
  • Cash and Cash Equivalents: ₹1,806.77 million
  • Total Borrowings: ₹4,358.10 million (Current: ₹4,120.59 million, Non-Current: ₹237.51 million)
  • Total Assets: ₹44,827.29 million

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹10,224.79 million (Q2 FY26: ₹8,065.71 million, +26.8% YoY)
  • Total Income: ₹10,281.39 million
  • Net Profit: ₹921.67 million (Q2 FY26: ₹561.61 million, +64.1% YoY)
  • Net Profit attributable to Owners: ₹910.12 million
  • EPS: ₹5.29 (Q2 FY26: ₹3.22)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹19,921.21 million (H1 FY26: ₹16,447.49 million, +21.1% YoY)
  • Total Income: ₹20,092.17 million
  • Net Profit: ₹1,559.14 million (H1 FY26: ₹1,074.99 million, +45.0% YoY)
  • Net Profit attributable to Owners: ₹1,523.08 million
  • EPS: ₹8.95 (H1 FY26: ₹6.17)

Balance Sheet Position (Consolidated as at September 30, 2026):

  • Equity Share Capital: ₹871.02 million
  • Other Equity: ₹21,948.44 million
  • Non-Controlling Interest: ₹118.76 million
  • Cash and Cash Equivalents: ₹2,004.29 million
  • Total Borrowings: ₹17,302.70 million (Current: ₹4,676.36 million, Non-Current: ₹12,626.34 million)
  • Total Assets: ₹58,569.05 million

Segment-wise Performance:

Consolidated Segment Revenue for Q2 FY27:

  • Engineering, Procurement and Construction: ₹8,963.83 million
  • Annuity Projects: ₹3,720.05 million
  • Others: ₹836.58 million
  • Eliminations: (₹3,295.67) million
  • Total: ₹10,224.79 million

Consolidated Segment Results for Q2 FY27:

  • Engineering, Procurement and Construction: ₹1,019.72 million profit
  • Annuity Projects: ₹147.18 million profit
  • Others: (₹12.75) million loss
  • Eliminations: ₹30.29 million profit
  • Total: ₹1,184.44 million profit

Corporate Actions:

1. Fundraising: Approved raising funds up to ₹1,000 crore through issuance of equity shares and/or any other securities including convertible instruments, subject to shareholder approval.

2. Increase in Authorized Share Capital: Approved increasing authorized share capital from ₹110,00,00,000 (₹110 crore) to ₹120,00,00,000 (₹120 crore), subject to shareholder approval. The increase will be through additional equity shares while preference shares remain unchanged.

3. Dividend: Not Specified

Other Significant Information:

1. Divestment: Executed binding offer letter for divestment of step-down subsidiary Ceigall Bathinda Dabwali Highways Private Limited to Neo Alternative Asset Managers Private Limited at enterprise valuation of ₹356.20 crores. The subsidiary contributed 1.90% to consolidated turnover and 2.30% to consolidated net worth as of March 31, 2026.

2. Postal Ballot: Notice of Postal Ballot to be shared for obtaining shareholder approvals for fundraising, capital increase, and director appointment.

3. Entities in Consolidation: The consolidated results include 27 entities - 5 jointly controlled operations, 1 joint venture, 22 subsidiaries (including step-down subsidiaries and 1 foreign subsidiary).