| Management target | Revenue 25.0% FY28 |
|---|
| Revenue growth | Standalone Q2 revenue grew 17% YoY to ₹1,146 Cr. |
|---|---|
| Margins | EBITDA margins stable around 12% despite input cost inflation. |
| Order book | Robust unexecuted order book stands at over ₹18,000 Cr. |
| Demand visibility | Strong NHAI pipeline with 51,000 km of corridors planned. |
| Management confidence | Cautiously optimistic, relying on court stays to continue bidding. |
Growth
H1 revenue grew 26% YoY, driven by strong execution in road and water segments.
Outlook
Management maintains FY27 revenue guidance of ₹6,000 Cr and FY28 guidance of ₹7,500 Cr.
Risks
High risk from final NHAI debarment outcome and potential road project bidding restrictions.
Last quarter's promises, checked
Delivered
- EBITDA margin ~12% guided (12-odd%, reaffirmed on call) → ~12% stable (= in-line)
Partly delivered
- FY27 revenue ₹6,000 Cr → reaffirmed; H1 revenue +26% YoY, full-year outcome unproven (= PARTIAL)
- FY28 revenue ₹7,500 Cr → reaffirmed; no FY28 delivery yet (= PARTIAL)
Missed
- Solar EPC ~₹2,000 Cr, >₹1,000 Cr FY28 revenue → solar project cancelled/exited (= MISS)
- Non-road 40-45% / road ~55% of order book → roads 63% of order book (= MISS)
Earnings Call Transcript filed with NSE, NSE: PNCINFRA. Summary written with AI assistance from the document.
PNC Infratech Ltd: key numbers
- Share price
- ₹133.98
- Market cap
- ₹3,437 Cr
- Revenue (annual)
- ₹5,368 Cr
- Net profit (annual)
- ₹831.8 Cr
- P/E (TTM)
- 5.5×Sector 32.4×
- Promoter holding
- 56.25%+0.18% QoQ
- FII holding
- 8.35%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PNC Infratech Ltd
All →PNC Infratech Investor Presentation: Key Takeaways
Q2FY27 standalone revenue Rs1,146cr (+17%), EBITDA margin 12.1% (-180bps), PAT Rs73cr (-16%). H1 revenue +26%, PAT +106%. Orderbook Rs14,871cr.
PNC Infratech Results Update
PNC Infratech issued a press release highlighting unaudited Q2 and H1 FY27 results, including standalone Q2 revenue of Rs.1146 Cr. Figures include NHAI arbitration awards and HAM monetisation gains.
PNC Infratech Q2 FY27 Results: Net Profit ₹114.7 Cr, Down 46.8% YoY
PNC Infratech Ltd reported revenue from operations of ₹1,322 Cr (+17.3% YoY) and net profit of ₹114.7 Cr (-46.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹114.7 Cr · -46.8% YoY
PNC Infratech Board Meeting Date
PNC Infratech has scheduled a board meeting on November 28, 2026, to consider and approve the standalone and consolidated financial results for the half-year period.
PNC Infratech Other Announcement
PNC Infratech informed exchanges that Crisil ESG Ratings assigned the company an ESG rating of 'Crisil ESG 53' based on public domain data.
PNC Infratech Promoter Selling (Off-Market)
PNC Infratech reported inter-se promoter transfers where three HUF entities transferred their entire shareholdings to individual family members through off-market transactions.