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Infrastructure Firm Secures Key Projects, Plans Debt Reduction
17 Aug
Summary
- Company maintains a robust INR14,502 crore order book across diverse sectors.
- Q1 FY27 standalone PAT decreased to INR28 crore from INR125 crore.
- External debt reduction to INR900 crore is targeted by end of FY27.
As of August 17, 2026, the company is navigating a period of mixed financial results with a strong forward-looking order book. The standalone revenue for Q1 FY27 reached INR907 crore, with EBITDA at INR77 crore, but Profit After Tax (PAT) saw a notable decrease to INR28 crore compared to INR125 crore in the prior year.
Consolidated figures for Q1 FY27 show revenue of INR1,101 crore and EBITDA of INR304 crore. However, consolidated PAT was negative at INR45 crore, a shift from the positive INR99 crore in Q1 FY26. Despite these fluctuations, the company's order book remains a significant asset, standing at INR14,502 crore.
This substantial order book includes INR9,386 crore for Roads and Highways and INR3,054 crore for Railways and Metro. New orders secured in Q1 FY27, such as the INR3,931 crore Pune-Shirur project and two railway projects from Adani Group totaling INR780 crore, reinforce this pipeline.
Positive developments include the successful monetization of Hybrid Annuity Model (HAM) projects and progress in BESS and transmission sectors. The company aims to reduce external debt to INR900 crore by the end of FY27, supported by ongoing monetization proceeds and improved collections.
