• Event Type: Q4 & FY26 Earnings Conference Call held on Tuesday, 02nd June 2026
  • Management Participants: Mr. Arun Kumar Jain (Managing Director), Mr. Anoop Agrawal (Whole-Time Director and CFO), Mr. Riddharth Jain (Director and CEO), Mr. Saurabh Mittal (Joint CFO)
  • Purpose: Discussion of Audited Financial Results for quarter and year ended 31st March 2026 and strategic outlook
  • Financial Period Discussed: Q4 FY26 and Full Year FY26 (ended 31st March 2026)
  • Key Financial Highlights:
  • FY26 Total Income: INR 633.4 crores (up 25.6% YoY)
  • FY26 EBITDA: INR 51.5 crores (up 28.4% YoY)
  • FY26 PAT: INR 31.8 crores (up 42.0% YoY)
  • Debt-to-Equity Ratio: 0.45x
  • Net Worth: INR 228.5 crores as of March 2026
  • Return on Equity: 18.4%
  • Business Vertical Performance:
  • Tollway Collection: 73.7% of revenue
  • EPC Infrastructure: 19.8% of revenue
  • Real Estate: 6.5% of revenue (INR 41.6 crores vs INR 8.0 crores in FY25)
  • Order Book Status: Record order book of INR 1,143 crores
  • Executable EPC pipeline: INR 591.3 crores
  • Tollway Collection balance value: INR 526.1 crores
  • Strategic Updates:
  • Geographic presence across 11 states and 1 Union Territory
  • Evaluating adjacent opportunities in wayside amenities, renewable energy EPC, and ropeway projects under Parvatmala Pariyojana
  • Secured Kaza Fee Plaza project in Andhra Pradesh (INR 328.8 crores contract value)
  • Withdrew from Venkatapalam Fee Plaza (INR 26.33 lakh penalty) and handed over Katiyara Fee Plaza due to commercial unattractiveness
  • Forward Guidance:
  • FY27 Revenue Forecast: INR 950 crores (EPC: INR 300 crores, Toll: INR 650 crores)
  • FY28 Revenue Forecast: INR 1,200 crores (EPC: INR 300 crores, Toll: INR 900 crores)
  • Margin Profiles: EPC 13-14%, Toll 7%, Real Estate ~50%
  • MLFF Impact Assessment: Viewed as long-term positive with phased implementation, expected to improve operational efficiency and reduce leakages
  • Compliance Statement: The transcript contained forward-looking statements with appropriate risk disclosures as per regulatory requirements

Additional Notes Section

  • The document represents the submission of the earnings call transcript to stock exchanges pursuant to Regulation 30 of SEBI LODR Regulations, 2015
  • The transcript included detailed financial data and operational metrics as disclosed during the conference call
  • The earnings call was moderated by Mr. Abhishek Bhatt from EY Investor Relations