Transcript of Analysts/Investors conference call held on 30th April, 2026 relating to the Audited Financial Results for the quarter and year ended 31st March 2026.
CEMPRO · price
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Cemindia Projects Limited reported strong Q4 FY26 results with revenue of INR2,973 crores (17% YoY growth) and PAT of INR242 crores (114% YoY growth), crossing the INR10,000 crores revenue milestone for the first time in FY26. EBITDA margin improved to 15.1% in Q4, though management clarified this includes INR100 crores of one-time claim realizations and provision reversals from completed projects. Management guided that sustainable EBITDA margin should be around 10-10.5% going forward. The company secured INR19,000 crores of orders in FY26 (vs INR7,000 crores previously) and has a work-in-hand position of INR29,000 crores. The pipeline stands at INR70,000 crores with 35-40% from the promoter group. For FY27, management targets 20-25% revenue growth and order inflows of INR25,000 crores.
The strong order book position of INR29,000 crores and robust pipeline provide multi-year revenue visibility. However, investors should note that the Q4 margin of 15.1% includes one-time items and the sustainable margin is around 10-10.5%. The company is well-positioned as part of a large infrastructure group with conservative debt (debt-equity 0.18%).