PNC Infratech (PNCINFRA) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered strong revenue and profit growth, supported by significant new project wins, successful project completions, and sector diversification into mining and solar.

• The order book expanded to INR 19,100 crore, with diversification across highways, water, railways, mining, and solar segments.

• Board approved unaudited standalone and consolidated financial results for Q1 FY27, along with re-appointments of key management and auditors.

• Maintained robust credit ratings and a healthy balance sheet, supporting future growth.

• The 27th Annual General Meeting is scheduled for September 30, 2026.

Financial highlights

• Standalone Q1 FY27 revenue: INR 1,518 crore, up 34% YoY; EBITDA: INR 375 crore, up 167% YoY; PAT: INR 271 crore, up 235% YoY.

• Consolidated Q1 FY27 revenue: INR 1,688 crore, up 19% YoY; EBITDA: INR 524 crore, up 42% YoY; PAT: INR 332 crore; EBITDA margin: 31%; PAT margin: 19.7%.

• Earnings per share (consolidated, basic & diluted) for Q1 FY27 was INR 12.94, up from INR 4.20 in Q1 FY26.

• Net cash surplus of INR 133 crore as of June 2026; consolidated net worth at INR 7,147 crore.

• Interest costs reduced to INR 20 crore in Q1; expected to remain at this level quarterly.

Outlook and guidance

• Revenue guidance maintained at INR 6,000 crore for FY27 and INR 7,500 crore for FY28.

• Order inflow guidance for FY27 is INR 12,000–15,000 crore, with five new projects already secured.

• Targeted revenue from JJM: INR 700–800 crore in FY27, INR 1,000 crore in FY28; AP canal project: INR 150 crore in FY27, INR 600 crore in FY28.

• Solar and mining projects expected to contribute over INR 1,000 crore and INR 500 crore, respectively, in FY28.

• Present capex positions the company to achieve turnover of INR 8,000–10,000 crore.