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SRM Contractors Ltd

Q3 FY26Construction

SRM Contractors Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹468
Market cap₹1.1K Cr
P/E9.4
Updated23 Aug 2026
Read4 min read

The short version

For MIPL, revenue is expected to grow conservatively; FY27 target is INR400-500 crores with a potential increase to around INR600 crores, but not doubling rapidly due to the nature and size of slope works (INR20-230 crores projects). FY27 revenue guidance: INR1,500 crores+ consolidated, exhibiting 70%-90% growth pace conservatively (Page 14).

From SRM Contractors Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • For MIPL, revenue is expected to grow conservatively; FY27 target is INR400-500 crores with a potential increase to around INR600 crores, but not doubling rapidly due to the nature and size of slope works (INR20-230 crores projects).
  • SRM standalone FY26 revenue guidance is INR800-900 crores; consolidated revenue expected to exceed INR1,000 crores.
  • FY27 consolidated revenue anticipated to cross INR1,500 crores, reflecting a growth rate of 70-90%.
  • Order book expected to rise from INR2,000 crores by end of FY26 to INR3,000 crores by June 2026.
  • MIPL turnover anticipated around INR250-350 crores in FY26, with 9-month billing at INR90 crores and a strong Q4.

2 more points from SRM Contractors Ltd's call on revenue

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Profitability & Margins

See what SRM Contractors Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • In the current financial year (FY26), SRM Contractors has already infused approximately INR 70-75 crores in capex and plans to increase it to around INR 90-100 crores.
  • The company intends to further infuse capex of about INR 100 crores in the next financial year (FY27).
  • The capex investments are aimed at supporting growth and improving operational efficiency, contributing to EBITDA margin expansion.
  • Post-March FY26, SRM Contractors plans to raise equity capital between INR 100-130 crores, likely through preferential allotment, to fund growth for approximately one year.

2 more points from SRM Contractors Ltd's call on capex

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what SRM Contractors Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book as of Q3 FY26:
  • SRM Contractors standalone: Approximately INR1,100 crores.
  • MIPL (subsidiary): INR282 crores.
  • Total combined order book exceeds INR1,300 crores.
  • Future order book guidance:
  • Expectation to cross INR2,000 crores by end of FY26.
  • Projected order book of around INR3,000 crores by June 2026.
  • Bid pipeline:
  • Actively bidding on projects worth over INR4,000 crores.
  • Results of bids expected before March 2026.
  • Order finalizations for projects under consideration expected before June 2026.
  • Note:

2 more points from SRM Contractors Ltd's call on order book

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SRM Contractors Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹446 Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What SRM Contractors Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SRM Contractors Ltd Q3 FY26 results?

For MIPL, revenue is expected to grow conservatively; FY27 target is INR400-500 crores with a potential increase to around INR600 crores, but not doubling rapidly due to the nature and size of slope works (INR20-230 crores projects). FY27 revenue guidance: INR1,500 crores+ consolidated, exhibiting 70%-90% growth pace conservatively (Page 14).

What is SRM Contractors Ltd share price analysis?

SRM Contractors Ltd currently shows a neutral. The stock trades at a P/E of 9.4 with a market cap of ₹1,110 Cr. Investors should review the full earnings analysis for detailed insights.

Is SRM Contractors Ltd planning capital expenditure?

In the current financial year (FY26), SRM Contractors has already infused approximately INR 70-75 crores in capex and plans to increase it to around INR 90-100 crores.

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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.