Company Overview
Likhitha Infrastructure Limited (Scrip Code: 543240) submitted its Annual Report for FY 2025-26 pursuant to SEBI Regulation 34 requirements, detailing both standalone and consolidated financial performance alongside operational updates.
Financial Performance
Standalone Results: Revenue from operations declined 10.8% to ₹456.73 crore (₹45,673.44 lakhs) from ₹512.22 crore in FY25. Profit After Tax decreased 42.3% to ₹40.02 crore (₹4,002.10 lakhs) from ₹69.37 crore, with Basic EPS falling to ₹10.14 from ₹17.58. EBITDA stood at ₹62.46 crore compared to ₹100.35 crore in FY25.
Consolidated Results: Revenue from operations reached ₹456.73 crore with PAT of ₹38.55 crore and EPS of ₹9.94, showing similar declining trends from the previous year.
Key Ratios Deterioration: Return on Equity fell to 10% from 20%, Net Profit Ratio declined to 9% from 14%, and Return on Capital Employed dropped to 14% from 28%. Current Ratio improved to 8.72 from 8.00.
Operational Highlights
The company maintained a robust order book of ₹1,454 crore, providing strong revenue visibility. Geographic presence expanded across 20 Indian states, 2 Union Territories, and international markets including Nepal, Abu Dhabi, and Saudi Arabia. Major projects completed include petroleum and natural gas pipelines across multiple states totaling over 6,500 km cumulative pipeline length.
International Expansion
Post-year end, the company secured a significant ₹510 crore contract from CPECC-Abu Dhabi for Pipeline Package-1 of the ASAB project. Operations in Saudi Arabia are conducted through joint venture Likhitha HAK Arabia Contracting Company (60% ownership), with additional presence through CPM-Likhitha Consortium (80% ownership).
Capital Structure & Dividend
Authorized share capital remained at ₹21.60 crore (4.32 crore equity shares of ₹5 each), with paid-up capital of ₹19.73 crore (3.945 crore shares). No dividend was declared for FY26, compared to ₹1.50 per share paid in FY25. Promoter holding stands at 68.38% with Sri G.S. Rao as the majority promoter.
Corporate Governance & Compliance
The Board comprises 7 Directors (4 Independent, 1 Non-Executive Non-Independent, 2 Executive). Key Managerial Personnel include Mr. Srinivasa Rao Gaddipati (Managing Director), Mrs. Likhitha Gaddipati (Whole-Time Director & CFO), Mr. Sudhanshu Shekhar (CEO), and Ms. Pallavi Yerragonda (Company Secretary).
Statutory Auditors NSVR & Associates LLP issued an unmodified opinion, identifying revenue recognition from construction contracts as a key audit matter. CSR expenditure amounted to ₹1.75 crore. The 27th AGM is scheduled for September 28, 2026.
Risk Factors & Contingencies
Identified risks include human resource attrition, competitive pricing pressure, regulatory compliance requirements, working capital management, and cyber security. Contingent liabilities include bank guarantees of ₹11,489.71 lakhs and tax disputes of ₹527.54 lakhs. Effective tax rate stood at 26.26% for FY26.