SRM Contractors Limited submitted its Q1 FY27 investor presentation to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Financial Performance (Consolidated)

Q1 FY27 Results:

  • Revenue from Operations: ₹196 crore (38% YoY growth from Q1FY26 ₹142 crore)
  • Gross Profit: ₹77 crore (57% YoY growth from ₹49 crore)
  • EBITDA: ₹39 crore (77% YoY growth from ₹22 crore)
  • EBITDA Margin: 20% (205 bps improvement from 18% in Q1FY26)
  • Depreciation: ₹10 crore (400% increase from ₹2 crore in Q1FY26)
  • Profit Before Tax: ₹24 crore (33% YoY growth from ₹18 crore)
  • Tax: ₹4 crore (20% decrease from ₹5 crore in Q1FY26)
  • Net Profit (PAT): ₹20 crore (54% YoY growth from ₹13 crore)
  • PAT Margin: 10% (109 bps improvement from 9% in Q1FY26)
  • Earnings Per Share (Basic & Diluted): ₹8.59 (18% decrease from ₹10.49 in Q1FY26)

Historical Performance:

  • FY26 Revenue: ₹1,026 crore (94% YoY growth from FY25 ₹528 crore)
  • FY26 PAT: ₹111 crore (102% YoY growth from ₹55 crore)
  • 5-Year Revenue CAGR (FY21-26): 45%
  • 5-Year EBITDA CAGR (FY21-26): 60%
  • 5-Year PAT CAGR (FY21-26): 73%

Order Book Analysis (as of 30 June 2026)

Segment-wise Order Book (₹ crore):

  • Roads & Bridges: ₹1,172.40 (54% of total)
  • Slope Stabilization: ₹610.66 (28% of total)
  • Others (Civil Construction): ₹248.96 (11% of total)
  • Tunnels: ₹158.18 (7% of total)
  • Total Order Backlog: ₹2,190.20 crore

Geographical Distribution (₹ crore):

  • Maharashtra: ₹964.95
  • Jammu & Kashmir: ₹339.07
  • Nagaland: ₹229.57
  • Uttarakhand: ₹172.98
  • Himachal Pradesh: ₹175.06
  • Leh & Ladakh: ₹115.59
  • Gujarat: ₹128.08
  • Arunachal Pradesh: ₹14.73
  • Rajasthan: ₹39.33
  • Uttar Pradesh: ₹10.84

Average project completion time: 18 to 24 months

Tender pipeline under evaluation: ₹5,200 crore

Business Updates and Contract Wins

New Contract Awards in Q1 FY27:

  • Won order from MSIDC worth ₹483 crore for construction of Nashik Road
  • Secured order from NHAI worth ₹128 crore for construction of remedial measures of landslide (EPC mode)
  • Secured three new infrastructure contracts worth ~₹500 crore:
  • ₹229.5 crore from NF Railway for Dimapur-Kohima New Broad Gauge Railway Line
  • ₹210.6 crore from MSIDC for development of Darshan Path at Nashik
  • ₹60.4 crore from MORTH for landslide mitigation and slope stabilization

All projects to be executed under EPC mode.

Strategic Development

Acquisition of 51% stake in Maccaferri Infrastructure Pvt. Ltd. (MIPL):

  • Strategic acquisition completed during the quarter
  • MIPL is a wholly owned subsidiary of an Italian multinational with presence in over 100 countries
  • Expected to significantly aid SRM in expanding business PAN-India and abroad
  • Strengthens expertise in geotechnical and environmental solutions including slope stabilization, soil retention, and erosion control
  • MIPL's robust order book consolidation boosts SRM's financial strength and revenue visibility
  • Complements SRM's EPC and HAM portfolio, enabling integrated and specialized project execution
  • Positions SRM as a diversified infrastructure player with advanced technical solutions

Credit Rating Update

  • CARE Ratings upgraded rating for both Long and Short Term Bank Facility from 'A- Stable' to 'A Stable'

Future Outlook and Guidance

FY27 Guidance:

  • Revenue Guidance: ₹1,400-1,750 crore
  • PAT Margin Guidance: 9-11%+
  • EBITDA Margin Guidance: 15-18%+
  • Order Bid Pipeline: ₹5,200 crore

Strategic Intent:

  • Company intends to expand footprint into Hybrid Annuity Model (HAM) projects
  • Plans to further diversify presence across India's markets

Recognition and Awards

  • Mr. Puneet Pal Singh, Managing Director, conferred with "ET Young Industry Leaders 2025" award by Times of India Group for "Excellence in Roads and Highways in Hilly Terrain"
  • Company received ET Infra Leadership Award 2025 in "Excellence in Border/Remote/Hilly Region Infrastructure" for delivering India's longest precast cut-and-cover tunnel at Leh (12,300 ft altitude)
  • Company received ET Infra Rail Show Award for Excellence in Railway EPC Construction (2025 edition) for India's tallest railway loading wall at Reasi, Jammu & Kashmir
  • Company honoured with "Rashtriya Ratna Samman 2026" under category EPC Contractor of the Year

Company Overview

  • Leading infrastructure company with 18+ years expertise in roadways, tunnels, bridges, and slope stabilization
  • 53+ infrastructure projects delivered
  • 300+ professionals including terrain-specialized engineers
  • Works with NHAI, NHIDCL, BRO, State Governments
  • Specializes in high-altitude Himalayan terrain and difficult geographies
  • ISO Certified processes and strategic partnership with international firms like Maccaferri

Debt Profile

Financial highlights show interest expense of ₹5 crore in Q1FY27 compared to ₹1 crore in Q1FY26, representing a 400% increase. The company's debt profile details were not explicitly quantified in the presentation beyond the interest expense figures.

Disclaimer

The presentation contains forward-looking statements concerning the company's future business prospects and profitability which are subject to several risks and uncertainties including fluctuations in earnings, ability to manage growth, competitive pressures, economic growth, ability to attract professionals, time and cost over-runs, and response to government policies.