| Management target | Revenue 25.0% FY28 |
|---|
| Revenue growth | Revenue grew 34% YoY; organic growth driven by execution of order book. |
|---|---|
| Margins | EBITDA margins exceptionally high at 24.7% due to project mix. |
| Order book | Unexecuted order book stands at ₹19,100 crore; strong execution visibility. |
| Demand visibility | Strong visibility from 54 newly launched NHAI highway and expressway projects. |
| Management confidence | Defensive regarding project failures; over-optimistic on meeting high revenue guidance. |
Growth
Standalone revenue grew 34% YoY to ₹1,518 crore; EBITDA jumped 167% with margins at 24.7%.
Outlook
Targeting FY27 revenue of ₹6,000 crore and FY28 revenue of ₹7,500 crore with ₹15,000 crore inflows.
Risks
Regulatory debarment from NHAI, Lucknow-Kanpur project non-performance, and high working capital days (110 days) pose threats.
Last quarter's promises, checked
Delivered
- Guided FY26 Standalone Revenue ~₹4,600-4,700cr → delivered ₹4,633cr (= BEAT)
- Guided FY26 Standalone EBITDA Margin ~12% → delivered 12.58% (= BEAT)
- Guided FY26 Standalone PAT ~₹340-350cr → delivered ₹344cr (= BEAT)
Partly delivered
- Guided monetization of 12 assets → completed final tranche in March 2026 (= BEAT)
- Guided FY27 Standalone Revenue ₹6,000cr → Current Q1 trajectory ₹1,518cr (= PARTIAL)
Missed
- Guided FY26 NHAI Awarding target 4,500 km → delivered 3,124 km (= MISS)
Earnings Call Transcript filed with BSE, NSE: PNCINFRA. Summary written with AI assistance from the document.
PNC Infratech Ltd: key numbers
- Share price
- ₹135.45
- Market cap
- ₹3,475 Cr
- Revenue (annual)
- ₹5,368 Cr
- Net profit (annual)
- ₹831.8 Cr
- P/E (TTM)
- 4.8×Sector 33.0×
- Promoter holding
- 56.07%+0.00% QoQ
- FII holding
- 7.28%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PNC Infratech Ltd
All →PNC Infratech Credit Rating
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PNC Infratech Credit Rating
Care Ratings Limited has placed PNC Infratech's long-term and short-term bank facilities, totaling ₹6,700 Crore, on 'Rating Watch with Negative Implications'.
- Value
- ₹6,700 Cr
PNC Infratech Adverse Business Impact
PNC Infratech Ltd received a 3-year debarment order from NHAI, prohibiting it from bidding for MoRTH/NHAI projects. This order represents a significant adverse business impact.
- From
- National Highways Authority of India (NHAI)
- Execution
- 3 years
PNC Infratech Other Announcement
PNC Infratech Ltd has dispatched a letter providing the Annual Report 2025-26 web-link to shareholders who have not registered their email addresses.
PNC Infratech Annual General Meeting
PNC Infratech issued the notice for its 27th AGM on 30 Sep 2026. It covers adopting FY25-26 results, dividend, and reappointing directors and auditors.
PNC Infratech Investor Presentation: Key Takeaways
PNC Infratech delivered strong Q1 FY27 standalone results with 34% revenue growth and 235% PAT growth YoY, driven by robust project execution across roads, water, and mining segments.