Document Title:

Outcome of Board Meeting - Unaudited Financial Results for Q2 and H1 FY27

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results

Date of Board Meeting / Approval: October 28, 2026 (12:15 PM to 15:30 PM)

Audit Opinion: Limited Review Report issued - No material misstatement noted. Emphasis of Matter regarding NHAI debarment.

Auditor’s Comment: The review report includes an Emphasis of Matter paragraph drawing attention to Note No. 06 regarding the NHAI debarment order and its subsequent stay by the Delhi High Court. The auditor's conclusion is not modified in respect of this matter.

Key Financial Highlights [₹ in lakhs]

Standalone Results:

Revenue from Operations: Q2 FY27: ₹1,14,560.19 (vs Q2 FY26: ₹98,303.08; +16.5% YoY). H1 FY27: ₹2,66,380.88 (vs H1 FY26: ₹2,11,949.30; +25.7% YoY)

Total Income: Q2 FY27: ₹1,16,599.77. H1 FY27: ₹2,72,645.39

Net Profit: Q2 FY27: ₹7,256.85 (vs Q2 FY26: ₹8,620.42; -15.8% YoY). H1 FY27: ₹34,319.15 (vs H1 FY26: ₹16,697.67; +105.5% YoY)

EPS (₹): Q2 FY27: 2.83 (vs Q2 FY26: 3.36). H1 FY27: 13.33 (vs H1 FY26: 6.51)

Other Equity: As of September 30, 2026: ₹6,09,142.16 (vs March 31, 2026: ₹5,75,990.29)

Cash and Cash Equivalents: As of September 30, 2026: ₹49,548.82 (vs March 31, 2026: ₹44,107.89)

Debt: Non-current borrowings: ₹33,459.48; Current borrowings: ₹97,714.28; Total borrowings: ₹1,31,173.76

Consolidated Results:

Revenue from Operations: Q2 FY27: ₹1,32,246.99 (vs Q2 FY26: ₹1,12,763.99; +17.3% YoY). H1 FY27: ₹3,01,092.95 (vs H1 FY26: ₹2,55,044.07; +18.1% YoY)

Total Income: Q2 FY27: ₹1,37,527.22. H1 FY27: ₹3,13,479.28

Net Profit: Q2 FY27: ₹11,467.83 (vs Q2 FY26: ₹21,569.91; -46.8% YoY). H1 FY27: ₹44,661.12 (vs H1 FY26: ₹64,701.57; -31.0% YoY)

Attributable to Owners: Q2 FY27: ₹11,467.16; H1 FY27: ₹44,661.96

EPS (₹): Q2 FY27: 4.47 (vs Q2 FY26: 8.41). H1 FY27: 17.41 (vs H1 FY26: 25.22)

Other Equity: Attributable to owners: ₹7,19,709.41

Segment-wise Performance [₹ in lakhs]:

The Chief Operating Decision Maker (CODM) has identified the following reportable segments:

  • Road EPC: Q2 FY27 Revenue: ₹1,02,179.69; Segment Result: ₹8,783.14. H1 FY27 Revenue: ₹2,40,380.85; Segment Result: ₹41,164.90
  • Water EPC: Q2 FY27 Revenue: ₹12,358.69; Segment Result: ₹1,557.08. H1 FY27 Revenue: ₹26,021.35; Segment Result: ₹3,461.74
  • Toll/Annuity: Q2 FY27 Revenue: ₹17,708.61; Segment Result: ₹13,498.43. H1 FY27 Revenue: ₹34,690.75; Segment Result: ₹27,619.76

Corporate Actions:

Not Specified

Regulatory Disclosures:

  • The National Highways Authority of India (NHAI) issued a debarment order on September 3, 2026, against the Company's SPV, Awadh Expressways Private Limited, which was subsequently extended to PNC Infratech Limited (as promoter) via an order dated September 11, 2026. The orders restrict the Company and the SPV from participating in any bidding processes floated by NHAI/MoRTH for a period of three (3) years. The regulatory action arose from contractual disputes regarding alleged structural defects on a specific package (Package 2) of the Kanpur-Lucknow Expressway project.
  • The Hon'ble Delhi High Court granted an interim stay on both debarment orders on October 13, 2026.

Other Significant Information:

  • Contract Revenue for H1 FY27 includes ₹21,765.54 lakhs (H1 FY26: Nil) arising from a Settlement Agreement entered into under the one-time settlement of the Agia Bypass EPC Project pursuant to the 'Vivad Se Vishwas III' scheme. [Non-Recurring]
  • The company incorporated a wholly owned subsidiary named 'PNC Infratech (Kazakhstan) LLP' in the Republic of Kazakhstan. The Certificate of Incorporation was received on October 7, 2026.
  • The consolidated results include the financials of 24 subsidiaries and 3 joint operations.
  • The Statement includes unaudited interim financial results of 3 joint operations (PNC-SPSCPL Joint Venture (2) and PNC-SPML Joint Venture) with total assets of ₹90,905.43 Lakhs as of September 30, 2026.