Revenue from operations: ₹446 crore (96% YoY growth from ₹228 crore in Q4FY25)
EBITDA: ₹80 crore (96% YoY growth from ₹41 crore)
EBITDA Margin: 17.9% (flat YoY)
Profit Before Tax: ₹70 crore (111% YoY growth from ₹33 crore)
Profit After Tax: ₹54 crore (125% YoY growth from ₹24 crore)
PAT Margin: 12.1% (improved from 10.6% in Q4FY25)
Earnings Per Share (Basic & Diluted): ₹23.6 (125% YoY growth from ₹10.5)
Full Year FY26 Results:
Revenue from operations: ₹1,026 crore (94% YoY growth from ₹528 crore in FY25)
EBITDA: ₹177 crore (86% YoY growth from ₹95 crore)
EBITDA Margin: 17.3% (slight decline from 18.1% in FY25)
Profit Before Tax: ₹151 crore (103% YoY growth from ₹74 crore)
Profit After Tax: ₹111 crore (102% YoY growth from ₹55 crore)
PAT Margin: 10.8% (improved from 10.4% in FY25)
Earnings Per Share (Basic & Diluted): ₹48.4 (102% YoY growth from ₹24.0)
Operational Highlights
Order Book & Pipeline:
Order backlog as of March 2026: ₹1,843.87 crore
FY26 order inflow: ₹1,097.29 crore
FY26 order bid pipeline: ₹4,271.85 crore
Segment-wise Order Book Breakdown:
Roads & Bridges: ₹1,276.72 crore (69% of total)
Slope Stabilization: ₹443.38 crore (24% of total)
Tunnels: ₹123.77 crore (7% of total)
Others: Not specified
Geographical Distribution of Order Book:
Maharashtra: ₹846.56 crore (46%)
Jammu & Kashmir: ₹346.00 crore (19%)
Uttarakhand: ₹180.21 crore (10%)
Himachal Pradesh: ₹192.19 crore (10%)
Leh & Ladakh: ₹118.68 crore (6%)
Gujarat: ₹134.23 crore (7%)
Odisha: ₹9.15 crore (1%)
Arunachal Pradesh: Not quantified
Strategic Developments
Management Changes:
Mr. Sanjay Mehta appointed as Group Chairman and Non-Executive Director, focusing on international business expansion including Abu Dhabi branch office development and opportunities in GCC and African markets
Mr. Puneet Pal Singh appointed as Managing Director, responsible for execution of all current and future projects
Acquisition:
Acquired 51% stake in Maccaferri Infrastructure Pvt. Ltd. (MIPL)
Strategic benefits include enhanced capabilities in geotechnical and environmental solutions, strengthened financial position through MIPL's order book, business synergies for integrated project execution, and improved market positioning
Capital Expenditure:
FY26 capex: ₹152 crore
Future Strategy:
Expansion into Hybrid Annuity Model (HAM) projects
Further diversification across India's markets
International expansion in GCC and African markets
Project Achievements & Recognition
Notable Projects:
India's tallest railway loading wall at Reasi, Jammu & Kashmir (received ET Infra Rail Show Award for Excellence in Railway EPC Construction 2025)
Country's longest precast tunnel in Leh at 12,300 feet (inaugurated by Defense Minister Rajnath Singh)
Underground cavern for Indian Army and BRO at 15,200 feet in Hanle, Ladakh
Awards & Recognition:
ET Infra Leadership Award 2025 for "Excellence in Border/Remote/Hilly Region Infrastructure"
"Rashtriya Ratna Samman 2026" as EPC Contractor of the Year
Mr. Puneet Pal Singh received "ET Young Industry Leaders 2025" award for "Excellence in Roads and Highways in Hilly Terrain"
Company Overview
18+ years of expertise in roadways, tunnels, bridges, and slope stabilization
Complete in-house capabilities from design to delivery
300+ professionals including terrain-specialized engineers
Works with NHAI, NHIDCL, BRO, and State Governments
50+ infrastructure projects delivered
ISO certified processes
Operations spanning multiple states and Union Territories
Risk Factors Mentioned
Fluctuations in earnings
Ability to manage growth
Competitive pressures (domestic and international)
Economic growth in India and abroad
Ability to attract and retain highly skilled professionals
