Investor Presentation HY1 2025-2026
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Desco Infratech reported strong H1 FY26 results, with revenue rising 85.74% year-on-year to ₹4,203.96 lakhs and profit after tax (PAT) jumping 89.93% to ₹617.14 lakhs. EBITDA grew 80.96% to ₹898.89 lakhs, while PAT margin expanded modestly from 14.36% to 14.68%. The order book stood at a robust ₹345+ crore, providing 18-24 months of revenue visibility, with ₹413.67 crore worth of tenders bid and a 30-40% conversion ratio. The company also announced a new subsidiary, Desco Bio Green, for compressed bio gas projects, and signed an MoU with KPI Green Hydrogen and Naveriya Gas for hydrogen-natural gas blending. The balance sheet remains near debt-free with a debt-to-equity ratio of just 0.10:1.
Strong revenue growth, expanding order book, and diversification into green energy and power transmission signal solid growth momentum for shareholders. Margin expansion in PAT and improved operational efficiency, combined with low debt, support the positive outlook, though the slight dip in EBITDA margin (56 bps) is worth monitoring.