PNC Infratech Limited

This document is a regulatory filing submitted to BSE and NSE, containing an investor presentation summarizing PNC Infratech Limited's financial and operational performance for the first quarter of fiscal year 2027 (Q1 FY27), ended June 30, 2026. The submission is made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Updates for Q1FY27

New Project Awards:

  • Received Letter of Award (LOA) from NHAI for the Barabanki to Mustafabad Hybrid Annuity Model (HAM) project in Uttar Pradesh with a Quoted Bid Project Cost of ₹1,728 Crores.
  • Received LOA from NHAI for the Mustafabad to Biswariya HAM project in Uttar Pradesh with a Quoted Bid Project Cost of ₹1,755 Crores.
  • Signed the concession agreement with NHAI and incorporated two new Special Purpose Vehicles (SPVs): Barabanki Mustafabad Highway Private Limited and Mustafabad Biswariya Highway Private Limited for these projects.
  • Received LOA from the Lucknow Development Authority, Uttar Pradesh, for the construction of a 4-lane flyover on an EPC basis, valued at ₹194 Crores with a 24-month completion schedule.
  • Awarded an EPC contract for a 4-lane major bridge over the Ganga River in Kanpur in a 50:50 joint venture with SPS Constructions. The total project cost is ₹559 Crores with a 24-month completion schedule.
  • Received Letter of Intent from the Airports Authority of India (AAI) for detailed designing and EPC work at Pantnagar Airport, Uttarakhand, valued at ₹302 Crores with a 24-month execution period.

Project Completions:

  • Received Completion Certificate for the Singraur Uphar - Baranpur Kadipur Ichauli (Package-III) HAM Project, executed by subsidiary Prayagraj Kaushambi Highway Package 3 Private Limited. The project was declared fit for commercial operations effective June 20, 2026.
  • Received Provisional Completion Certificate for a HAM project executed by subsidiary Kanpur Lucknow Expressway Private Limited. The project was declared fit for commercial operations effective April 27, 2026.

Arbitration Award:

  • Received an arbitration award of ₹235 Crores (including interest) in connection with an NHAI EPC project for the Agra Bypass.

Financial Performance – Q1 FY27

Standalone (Rs. Crores):

| Particulars | Q1FY27 | Q1FY26 | YoY Change |

| Revenue | 1,518 | 1,136 | +34% |

| EBITDA | 375 | 141 | +167% |

| EBITDA Margin | 24.7% | 12.4% | +1,230 bps |

| Profit Before Tax | 364 | 110 | +231% |

| Profit After Tax | 271 | 81 | +235% |

| PAT Margin | 17.8% | 7.1% | +1,070 bps |

Consolidated (Rs. Crores):

| Particulars | Q1FY27 | Q1FY26 | YoY Change |

| Revenue | 1,688 | 1,423 | +19% |

| EBITDA | 524 | 367 | +42% |

| EBITDA Margin | 31.0% | 25.8% | +520 bps |

| Profit Before Tax | 432 | 502* | -14% |

| Profit After Tax | 332 | 431* | -23% |

| PAT Margin | 19.7% | 30.3%* | -1,060 bps |

*Note: Q1FY26 Consolidated PBT and PAT included an Exceptional Item of ₹322 Crores. Excluding this, YoY PBT growth was +140%.

Financial Position & Metrics

Debt & Leverage (as of June 2026):

  • Standalone Debt: ₹913 Crores.
  • Standalone Debt-to-Equity Ratio: 0.15x.
  • Consolidated Debt of SPVs for Development Projects (PPP Mode): ₹4,872 Crores (as detailed in the project portfolio).

Credit Rating:

  • Long-term bank facilities: 'CARE AA+ (Double A plus)' with a 'Stable' outlook.
  • Short-term bank facilities: 'CARE A1+ (A One plus)'.

Working Capital:

  • Net working capital days stood at 110 as of June 2026.

Orderbook Details (Consolidated as of June 30, 2026)

The total balance orderbook is ₹15,670 Crores across 27 projects.

Sector-wise Breakup:

| Sector | No. of Projects | Balance Orderbook (₹ Cr) |

| Roads - EPC | 7 | 5,148 |

| Roads - HAM | 8 | 3,684 |

| Mining | 1 | 2,847 |

| Water – JJM | 7 | 2,310 |

| Canal | 1 | 732 |

| Airport | 2 | 551 |

| Railways | 1 | 397 |

| Total | 27 | 15,670 |

Not Included in Orderbook (Diversification):

  • A 300 MW Solar Power Project with 150 MW / 600 MWh Energy Storage Systems (ESS) from NHPC Limited. Total EPC value is approximately ₹2,000 Crores.
  • The mining project from SECL, valued at ₹2,957 Crores (exclusive of GST), is included in the orderbook.
  • Combined diversification portfolio across solar and mining is ~₹4,957 Crores.

Portfolio of Development Projects (PPP Mode)

The company has 12 HAM projects under its development portfolio.

  • Total Project Cost (TPC) of all projects: ₹15,487 Crores.
  • Total Equity Invested: ₹1,188 Crores.
  • Total Debt: ₹7,395 Crores.
  • Debt outstanding as of June 30, 2026: ₹4,872 Crores.
  • Balance Equity Requirement until project completion: ₹436 Crores, with ₹226 Crores planned for FY27 and ₹210 Crores for FY28.

Corporate Overview

The presentation includes details on the company's journey, business overview, corporate structure with numerous wholly-owned subsidiaries and joint ventures, and its board of directors. Key management includes Mr. Pradeep Kumar Jain (Chairman & MD), Mr. Chakresh Kumar Jain (MD), Mr. Yogesh Jain (MD), Mr. Anil Kumar Rao (Whole-time Director), and Mr. Talluri Raghupati Rao (Whole-time Director).

The company has a presence in 16 states, has delivered 95+ major infrastructure projects, and holds 3 operational BOT projects.