This document is an investor presentation submitted to the BSE Limited and the National Stock Exchange of India Limited, detailing the financial results for the quarter ended 30th June 2026 (Q1 FY27).
Financial Performance - Standalone (Rs in Millions)
Income:
- Revenue from operations for Q1 FY27 was ₹24,234.22 Mn, compared to ₹18,261.35 Mn in Q1 FY26, representing a year-on-year increase of 32.71%.
- Other income for Q1 FY27 was ₹641.10 Mn, compared to ₹1,162.59 Mn in Q1 FY26.
- Total income for Q1 FY27 was ₹24,875.32 Mn.
Expenses:
- Cost of materials consumed: ₹1,416.88 Mn (up 37.02% YoY)
- Construction expenses: ₹18,285.38 Mn (up 39.22% YoY)
- Employee benefits expense: ₹1,544.97 Mn (up 3.55% YoY)
- Other expense: ₹319.85 Mn
- CSR expense: ₹50.03 Mn
Profitability:
- EBITDA for Q1 FY27 was ₹2,671.46 Mn, a 15.62% increase from ₹2,310.51 Mn in Q1 FY26.
- EBITDA margin was 11.02% for Q1 FY27, compared to 12.65% in Q1 FY26.
- Adjusted EBITDA margin (net of bonus/claim) was 11.01% for Q1 FY27, compared to 12.17% in Q1 FY26.
- Finance costs: ₹133.38 Mn (up 12.29% YoY)
- Depreciation and amortisation expense: ₹439.57 Mn (down 16.16% YoY)
- Profit before tax: ₹2,739.61 Mn (down 3.20% YoY)
- Tax expenses: ₹703.15 Mn (up 4.63% YoY)
- Profit after tax (PAT): ₹2,036.46 Mn (down 5.63% YoY)
- PAT margin: 8.40% for Q1 FY27, compared to 11.82% in Q1 FY26.
Financial Performance - Consolidated (Rs in Millions)
Income:
- Revenue from operations for Q1 FY27 was ₹27,841.11 Mn.
- Other income for Q1 FY27 was ₹450.85 Mn.
- Total income for Q1 FY27 was ₹28,291.96 Mn.
Profitability:
- EBITDA for Q1 FY27 was ₹4,677.98 Mn.
- EBITDA margin was 16.80% for Q1 FY27.
- Adjusted EBITDA margin was 16.79%.
- Profit after tax: ₹3,577.91 Mn
- PAT margin: 12.85%
Debt Position as on June 30, 2026
Consolidated Debt (Fund Based):
- Debentures: ₹2,235.77 Mn
- LC Bill Discounting: ₹151.91 Mn
- Mobilization advances: ₹1,275.52 Mn
- Total Debt: ₹3,663.20 Mn
- Cash and bank: ₹1,189.39 Mn (includes lien marked FDRs valuing ₹94.51 Mn)
- Current investments: ₹2,474.30 Mn
Project Loan (Standalone):
- Project loan: ₹50,474.85 Mn
- Standalone debt: ₹3,647.95 Mn
- Total debt: ₹54,122.81 Mn
- Cash and bank: ₹4,387.96 Mn (includes lien marked FDRs valuing ₹3,079.77 Mn)
- Current investments: ₹3,224.55 Mn
Operational Highlights
Order Book:
- The consolidated order book as on 30th June 2026 is ₹253,192 Mn.
Projects Portfolio:
- The company has 10 operational projects as of the date of the presentation.
- The company has transferred 13 operational HAM assets to Indus Infra Trust to date.
- Projects under construction include multiple Hybrid Annuity Model (HAM) highway projects, ropeways, power transmission projects (BOOT), and an Indore MMLP Project (DBFOT).