PNC Infratech Ltd
PNC Infratech Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
For FY '26, revenue is expected to be around Rs. The company expects EBITDA margin around 12%-12.5% for FY26 and FY27, maintaining stable operating profitability. - Revenue for FY26 is expected to decline about 10% compared to FY25 due to lower turnover, but FY27 is projected to grow by 25% from FY26. - Order inflow is robust with Rs.
From PNC Infratech Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY '26, revenue is expected to be around Rs. 5,000 crores, reflecting a 10% decline compared to FY '25.
- Robust execution is expected in Q4 with revenue between Rs. 1,700-1,800 crores.
- FY '27 is projected to grow by about 25% over FY '26 revenue levels.
- FY '28 guidance will be shared with more clarity in upcoming quarters.
- Mining project revenue is expected to be Rs. 100 crores in FY '26, Rs. 500 crores in FY '27, and Rs. 600 crores in FY '28.
- Solar project revenue is tentatively Rs. 1,000 crores in FY '27 (about 50% of total EPC value), with clarity expected after project commissioning and design finalization.
- Irrigation projects are to continue into FY '28, with challenges due to limited working months.
- Overall, execution mix expected to diversify with highways comprising 50% and other sectors (railways, metro rail, water, transmission lines, renewables) approximately 50% in 2-3 years.
Profitability & Margins
See what PNC Infratech Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total CAPEX required on company basis: Rs. 400 crores.
- Up to December 2025, capitalized Rs. 125 crores; balance expected in the current quarter (Q4 FY '26).
- Equity investment to be infused in FY '26 and FY '27: Rs. 634 crores.
- Approximately Rs. 100 crores equity infusion expected in Q4 FY '26.
- Additional BESS (Battery Energy Storage System) equity not included in above; expected around Rs. 400 crores.
- BESS project execution to start physical work from Q2 FY '27 after land finalization.
- Strategic investment includes bidding for Rs. 28,000 crores plus additional bids before financial year-end, focusing on roads, water, renewables, and mining diversification over next 3-5 years.
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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 order book as of the latest quarter stands at approximately Rs. 19,346 crores, down from around Rs. 20,000 crores last quarter.
- Outstanding orders include irrigation projects (around Rs. 815 crores), Sonauli-Gorakhpur (Rs. 175 crores), Akkalkot Package 2 (Rs. 418 crores), Haryana Orbital Rail (Rs. 450 crores), Elevated Corridor Flyover in Gwalior (Rs. 580 crores), Hiradas Chauraha (Rs. 240 crores), and Varanasi (Rs. 297 crores).
- Bids worth Rs. 28,700 crores have been submitted, including domestic and overseas (e.g., Uzbekistan) projects.
- Expected order inflow in the current financial year is around Rs. 6,000 crores, totaling Rs. 12,000 crores including past wins.
- The company is diversifying beyond roads into sectors like water, renewables, railways, and mining, targeting a 50:50 split between highways and other sectors in 2-3 years.
PNC Infratech Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.6K Cr, net profit ₹108 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
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Frequently Asked Questions
What were PNC Infratech Ltd Q3 FY26 results?
For FY '26, revenue is expected to be around Rs. The company expects EBITDA margin around 12%-12.5% for FY26 and FY27, maintaining stable operating profitability. - Revenue for FY26 is expected to decline about 10% compared to FY25 due to lower turnover, but FY27 is projected to grow by 25% from FY26. - Order inflow is robust with Rs.
What is PNC Infratech Ltd share price analysis?
PNC Infratech Ltd currently shows a neutral. The stock trades at a P/E of 14.6 with a market cap of ₹6,530 Cr. Investors should review the full earnings analysis for detailed insights.
Is PNC Infratech Ltd planning capital expenditure?
Total CAPEX required on company basis: Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.