PNC Infratech Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Press Release in connection with the financial results for the quarter ended June 30, 2025".
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PNC Infratech announced its Q1FY26 results with consolidated revenue of Rs. 1,423 crore and Profit After Tax of Rs. 431 crore. The PAT figure includes a one-time gain of Rs. 278 crore (net of tax) from the sale of its stake in 10 HAM (Hybrid Annuity Model) road assets to Vertis Infrastructure Trust for Rs. 1,827.6 crore. On the standalone basis, revenue was Rs. 1,136 crore and PAT was Rs. 81 crore, both lower year-on-year because the Q1FY25 base had one-time items — a Rs. 56 crore bonus from MSRDC and a large arbitration award from two SPVs. The company also won new orders: a contract from South Eastern Coalfields (Chhattisgarh) and a 300 MW solar power project with 150 MW/600 MWh energy storage from NHPC. Due to the HAM asset monetisation, the consolidated debt-to-equity ratio improved sharply to 0.73 in June 2025 from 1.56 in March 2025.
The headline profit is boosted by a one-time capital recycling gain, so underlying operational earnings are weaker than they appear. However, the sharp improvement in the debt-to-equity ratio and fresh orders in solar and coal mining show the company is successfully redeploying capital from completed road projects into new infrastructure opportunities, which is positive for long-term growth.