PNC Infratech Limited has informed the Exchange about Transcript
PNCINFRA · price
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PNC Infratech reported Q1 FY26 standalone revenue of Rs. 1,136 crores (down ~13% YoY), EBITDA of Rs. 141 crores at 12.4% margin, and PAT of Rs. 81 crores. Consolidated revenue was Rs. 1,423 crores with PAT of Rs. 431 crores (boosted by asset sale gains). The company won two new orders worth over Rs. 5,000 crores: a 300 MW solar + 600 MWh BESS project from NHPC (~Rs. 2,000 crores) and a coal mining contract from South Eastern Coalfields worth Rs. 3,489 crores, taking the total order book to over Rs. 22,000 crores. Management maintained FY26 revenue growth guidance of 15-20% (Rs. 6,300+ crores) and EBITDA margin guidance of ~13%, expecting Q3-Q4 to drive recovery. The company also completed sale of the PNC Bareilly Nainital highway to a KKR-backed trust at an enterprise value of Rs. 716 crores, with 11 of 12 monetisation assets now divested.
Near-term execution remains weak with Q1 revenue declining and key HAM projects awaiting appointed dates due to land acquisition delays. However, the new order wins in renewable energy and coal mining diversify the order book beyond roads, while the strong balance sheet (standalone net cash of Rs. 483 crores, near-zero debt) provides comfort. Recovery hinges on Q2-Q3 FY26 appointed dates being declared and NHAI awarding the Rs. 3 lakh crore pipeline it has announced.