PNC Infratech Ltd
PNC Infratech Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #42 of 58 in Construction
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The short version
FY 2026 revenue guidance revised to ~5% growth over FY 2025 (~Rs. FY26 Guidance: Revenue growth revised down to ~5% over FY25 due to delayed appointed dates of major HAM projects and subdued NHAI awarding activity. - Standalone Revenue for H1 FY26: Rs.
From PNC Infratech Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- FY 2026 revenue guidance revised to ~5% growth over FY 2025 (~Rs. 5,800 crore from Rs. 5,500 crore) due to delayed appointed dates of major HAM projects and subdued NHAI awarding activity.
- Expect Rs. 3,000+ crore revenue from remaining work in H2 FY 2026, with 24 active EPC projects including coal mining and solar.
- FY 2027 growth targeted at 20%, with aspirations to achieve up to 30% depending on execution progress and order inflow.
- Order inflow pipeline strong: Rs. 6,000+ crore expected new orders in FY 2026 from identified bids worth Rs. 1,00,000 crore across sectors.
- Revenue split for FY 2026: Rs. 900 crore from water and irrigation projects; remaining Rs. 4,000+ crore from highways, coal mining, and other projects.
2 more points from PNC Infratech Ltd's call on revenue
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Profitability & Margins
See what PNC Infratech Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total CAPEX for FY '26 is guided at Rs. 200 crore, with Rs. 121 crore already spent by September 30, 2025.
- CAPEX expected to increase to around Rs. 250 crore in FY '27.
- Equity investment for HAM projects totals Rs. 663 crore, with around Rs. 100 crore to be invested in FY '26 and the remaining in FY '27 and FY '28.
- Equity requirement for the BESS (Battery Energy Storage System) project is about Rs. 400 crore, expected to be invested in FY '27 and FY '28, with no equity invested in FY '26 so far.
2 more points from PNC Infratech Ltd's call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what PNC Infratech Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current unexecuted order book stands at Rs. 20,000 crore; Rs. 17,000 crore of these projects have appointed dates declared or are active.
- Some projects (like one MPRDC HAM project) face land/legal issues delaying appointed dates.
- Order inflows in FY26 till date are Rs. 6,000 crore, including coal mining, flyover Bharatpur, high-level bridge in Bihar, Varanasi Airport, and solar power projects.
- Company has submitted 19 bids amounting to Rs. 17,000 crore (16 EPC, 3 HAM); expects to win about 20% (~Rs. 3,000 crore).
- Identified 76 upcoming projects worth over Rs. 1,00,000 crore to be bid in next 1.5 to 2 months; expects 3%-5% success translating Rs. 3,000-5,000 crore additional orders.
2 more points from PNC Infratech Ltd's call on order book
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PNC Infratech Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.3K Cr, net profit ₹115 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What PNC Infratech Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Revenue (Income) for HY25 (half year 2025) standalone: ₹119.37 Cr; FY24: ₹184.15 Cr. Key investor presentation takeaways from MBL Infrastructure Ltd's Q2 FY26 i
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were PNC Infratech Ltd Q2 FY26 results?
FY 2026 revenue guidance revised to ~5% growth over FY 2025 (~Rs. FY26 Guidance: Revenue growth revised down to ~5% over FY25 due to delayed appointed dates of major HAM projects and subdued NHAI awarding activity. - Standalone Revenue for H1 FY26: Rs.
What is PNC Infratech Ltd share price analysis?
PNC Infratech Ltd currently shows a neutral. The stock trades at a P/E of 6.1 with a market cap of ₹3,701 Cr. Investors should review the full earnings analysis for detailed insights.
Is PNC Infratech Ltd planning capital expenditure?
Total CAPEX for FY '26 is guided at Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.