Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Unaudited Financial Results and Limited Review Report

Audit Opinion:

Clean opinion - No qualifications or modifications. Limited review conducted by Suresh Surana & Associates LLP.

Key Financial Highlights [₹ crores]:

Consolidated Results:

Income:

  • Revenue from Operations: ₹773.72 (Q1 FY26: ₹845.05, down 8.4% YoY)
  • Other Income: ₹34.75
  • Total Income: ₹808.41

Expenses:

  • Cost of materials consumed: ₹113.68
  • Construction expenses: ₹417.01
  • Employee benefits expense: ₹63.25
  • Finance costs: ₹53.28
  • Depreciation and amortisation: ₹10.59
  • Other expenses: ₹29.27
  • Total expenses: ₹687.08

Profitability:

  • Profit before tax: ₹121.69 (Q1 FY26: ₹153.83, down 20.9% YoY)
  • Tax expense: ₹31.23
  • Net profit from ordinary activities after tax: ₹90.46
  • Loss from discontinued operations: ₹(34.10)
  • Profit for the period: ₹56.36
  • Total Comprehensive Income: ₹56.57

Attribution:

  • Attributable to owners of the company: ₹46.52
  • Attributable to non-controlling interest: ₹9.84

Earnings Per Share (Continuing Operations):

  • Basic EPS: ₹5.94
  • Diluted EPS: ₹5.80

Earnings Per Share (Discontinuing Operations):

  • Basic EPS: ₹(2.51)
  • Diluted EPS: ₹(2.51)

Earnings Per Share (Total):

  • Basic EPS: ₹3.43
  • Diluted EPS: ₹3.28

Capital Structure:

  • Paid-up equity share capital: ₹135.61 crores
  • Other equity: ₹2,908.50 crores (as of March 31, 2026)

Standalone Results:

Income:

  • Revenue from Operations: ₹543.36
  • Other Income: ₹37.47
  • Total Income: ₹580.83

Profitability:

  • Profit before tax: ₹81.57
  • Tax expense: ₹21.13
  • Net profit after tax: ₹60.44
  • Total Comprehensive Income: ₹60.57

Earnings Per Share:

  • Basic EPS: ₹4.46
  • Diluted EPS: ₹4.35

Segment-wise Performance [₹ crores]:

Segment Revenue:

  • Transport: ₹192.32
  • Water: ₹98.04
  • Tunneling and Rehabilitation: ₹37.53
  • Total: ₹327.89

Segment Results:

  • Transport: ₹76.35
  • Water: ₹131.26
  • Tunneling and Rehabilitation: ₹78.05
  • Total: ₹285.66

Capital Employed: ₹3,322.68 crores

Corporate Actions:

  • The Company allotted 1,90,47,619 warrants convertible into equity shares through preferential allotment to promoters and non-promoters
  • Received ₹250.00 crores as 25% subscription money, temporarily invested in mutual funds
  • No options exercised under ESOP scheme during the quarter
  • 28,00,000 equity shares held in ESOP Trust as treasury shares

Other Significant Information:

  • Signed Securities Subscription and Purchase Agreement dated July 29, 2026 with BIIF Infrastructure II Private Limited for divestment of entire shareholding in Welspun Aunta-Simaria Project Private Limited
  • Enterprise value of approximately ₹1,000 crores for the divestment
  • Transaction subject to approval from NHAI and lenders
  • Received all clearances for Dharavi-Ghatkopar Tunnel Project
  • Executed Sub-Concession Agreement for Pune-Shirur Road Project
  • Consolidated cash & cash equivalents: ₹1,792 crores as of June 30, 2026
  • Order book: ₹18,729 crores

Entities Included in Consolidation:

The consolidated results include 36 entities comprising:

  • 1 Holding Company
  • 15 Subsidiaries
  • 18 Joint Operations
  • 2 Associates
  • 1 Trust