Financial Performance Summary

Standalone Financial Results (Rs. in crore):

| Period | Revenue | EBITDA | PAT |

| Q2 FY27 | 1,146 | 138 | 73 |

| Q1 FY27 | 1,518 | 375 | 271** |

| Q2 FY26 | 983 | 136 | 86$ |

| H1 FY27 | 2,664 | 513 | 343* |

| H1 FY26 | 2,119 | 277 | 167$ |

*Includes Arbitration Award amount of Rs. 217 crore received from NHAI for Agra Bypass Project

**Includes Arbitration Award amount of Rs. 176 crore (net to tax) received from NHAI for Agra Bypass Project

$Includes gain of Rs. 5 crore realized on sale of equity shares of PNC Bareilly Nainital Highways Private Limited

Consolidated Financial Results (Rs. in crore):

| Period | Revenue | EBITDA | PAT |

| Q2 FY27 | 1,322 | 279 | 115 |

| Q1 FY27 | 1,688 | 524 | 332** |

| Q2 FY26 | 1,128 | 253 | 216$ |

| H1 FY27 | 3,011 | 802 | 447* |

| H1 FY26 | 2,550 | 620 | 647$$ |

*Includes Arbitration Award amount of Rs. 217 crore received from NHAI for Agra Bypass Project

**Includes Arbitration Award amount of Rs. 176 crore (net to tax) received from NHAI for Agra Bypass Project

$Includes gain of Rs. 152 crore (net of tax) on account of monetization of 1 HAM Assets in Q2FY26

$$Includes gain of Rs. 430 crore (net of tax) on account of monetization of 11 HAM Assets in H1FY26

Performance Analysis

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Standalone revenue increased by 16.6% from Rs.983 crore to Rs.1,146 crore
  • Standalone EBITDA remained relatively flat at Rs.138 crore vs Rs.136 crore
  • Standalone PAT decreased by 15.1% from Rs.86 crore to Rs.73 crore
  • Consolidated revenue increased by 17.2% from Rs.1,128 crore to Rs.1,322 crore
  • Consolidated EBITDA increased by 10.3% from Rs.253 crore to Rs.279 crore
  • Consolidated PAT decreased by 46.8% from Rs.216 crore to Rs.115 crore

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Standalone revenue increased by 25.7% from Rs.2,119 crore to Rs.2,664 crore
  • Standalone EBITDA increased by 85.2% from Rs.277 crore to Rs.513 crore
  • Standalone PAT increased by 105.4% from Rs.167 crore to Rs.343 crore
  • Consolidated revenue increased by 18.1% from Rs.2,550 crore to Rs.3,011 crore
  • Consolidated EBITDA increased by 29.4% from Rs.620 crore to Rs.802 crore
  • Consolidated PAT decreased by 30.9% from Rs.647 crore to Rs.447 crore

Key Financial Drivers

The financial results were significantly impacted by one-time items:

  • Arbitration Award of Rs.217 crore received from NHAI for Agra Bypass Project (included in Q1 FY27 results)
  • Net tax benefit of Rs.176 crore from the arbitration award
  • Previous year included substantial gains from asset monetization: Rs.430 crore (net of tax) from monetization of 11 HAM Assets in H1FY26

Company Business Overview

PNC Infratech Limited is an ISO 9001:2015 certified company and one of the leading Indian infrastructure investment, development, construction, operation and management companies. The company has wide experience and proven expertise in execution of projects in core infrastructure sectors including:

  • Expressways
  • Highways
  • Bridges
  • Flyovers
  • Airport runways
  • Water supply
  • Industrial area development
  • Railway
  • Coal mining
  • Other allied sectors

The company provides end-to-end infrastructure implementation solutions that include design, engineering, procurement, construction, operation, maintenance and management under various implementation formats.