PNC Infratech Limited has informed the Exchange about Transcript
PNCINFRA · price
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PNC Infratech reported FY25 standalone revenue of Rs. 5,513 crore, EBITDA of Rs. 1,049 crore (19.0% margin) and PAT of Rs. 706 crore, with Q4 standalone revenue at Rs. 1,415 crore. The company completed the sale of 10 road project SPVs to KKR-backed Highways Infrastructure Trust for Rs. 1,827.6 crore equity consideration, which reduced consolidated net debt-to-equity from 1.56x to 0.72x (debt down to Rs. 4,300 crore). The remaining 2 assets (Bareilly-Nainital BOT-Toll and Challakere HAM) are expected to close in H1 FY26. Management guided for FY26 revenue growth of 20%, EBITDA margin of around 13%, and new order inflows of Rs. 15,000 crore, supported by an order book of Rs. 17,700 crore and a bid pipeline of about Rs. 1 lakh crore. An arbitration award of Rs. 485.27 crore was received in the company's favour for the Agra Bypass NHAI project, but will only be booked on actual realisation.
The asset monetisation has sharply de-leveraged the balance sheet, strengthening the company's financial position. However, the FY26 EBITDA margin guidance of 13% is notably lower than the FY25 standalone margin of 19%, partly inflated by arbitration awards and early-completion bonuses, indicating underlying margin pressure. The strong order pipeline and order inflow target provide good revenue visibility over the next 2-3 years.