Sector concallsInfrastructure & Construction
- Ahluwalia Contracts (India) Limited
- Ashoka Buildcon Limited
- Bansal Roofing Products Ltd
- Concord Enviro Systems Limited
- Dilip Buildcon Limited
- EMS Limited
- Engineers India Limited
- Enviro Infra Engineers Limited
- Global Surfaces Limited
- Highway Infrastructure Limited
- Interarch Building Solutions Limited
- JSW Cement Limited
- KNR Constructions Limited
- M & B Engineering Limited
- Paramount Communications Limited
- Patel Engineering Limited
- PNC Infratech Limited
- Power Mech Projects Limited
- Rail Vikas Nigam Limited
- Rushil Decor Limited
- Skipper Limited
- SPML Infra Limited
- VA Tech Wabag Limited
- Vascon Engineers Limited
The company is recovering from a period of project delays and restrictions, aiming to return to FY24-25 revenue and margin levels by year-end.
- Stand-alone Operating Income
- ₹125.72 Cr50%
- Stand-alone EBITDA
- 25.53%39.81%
The company started FY27 with strong revenue growth but Q1 profitability was impacted by temporary geopolitical disruptions affecting traffic on a key toll project, while new order wins in Tamil Nadu signal strategic geographic diversification.
- Total Income
- ₹304.3 Cr170.6% YoY
- EBITDA
- ₹4.8 Cr
Strong recovery in US exports combined with robust domestic demand drove record quarterly performance, with margins improving significantly.
- Revenue from Operations (Q1 FY27)
- ₹529.4 Cr17.4% YoY
- EBITDA including other income
- ₹37.8 Cr
Significant margin contraction due to a disputed project finalization, sharp labor cost inflation, and project delays led to a 77.65% drop in PAT despite 12% revenue growth.
- Turnover
- ₹1,125.81 Cr12.03%
- PAT
- ₹11.42 Cr-77.65%
SPML Infra delivered strong Y-o-Y growth and is executing on its transformation, with a focus on high-margin water, power, and BESS projects, backed by a strengthened balance sheet and a robust order book.
- Revenue
- ₹286 Cr74%
- EBITDA
- ₹28 Cr81%
Patel Engineering delivered strong PAT growth of 24.5% on moderate revenue growth, guided for 10% revenue growth in FY27, and sees a large opportunity pipeline across hydropower, pump storage, tunneling, and urban infrastructure.
- Consolidated Revenue
- ₹1,281 Cr4%
- Consolidated PAT
- ₹93.5 Cr24.5%
Revenue growth is expected from the start of new HAM and mining projects in Q3, alongside potential recovery of significant irrigation receivables.
- Consolidated Revenue Q1 FY27
- ₹587.9 Cr
- Consolidated EBITDA Margin Q1 FY27
- 16.4%
Revenue and profitability were impacted by temporary cash flow constraints in two major government EPC projects, but management expects a progressive improvement as execution ramps up in subsequent quarters.
- Consolidated Revenue
- ₹152 Cr
- Consolidated EBITDA
- ₹10 Cr
Quarter results showed strong volume growth and a positive ramp-up of North operations, despite cost pressures from fuel and marketing investments.
- Total Sales Volume
- 3.81 million tons15% Y-o-Y
- Cement Volume
- 2.34 million tons27% Y-o-Y
Despite geopolitical disruptions and low capacity utilization, the company achieved break-even by focusing on cost control, product innovation, and diversifying into the domestic market.
- Revenue
- ₹65 Cr44%
- EBITDA
- ₹8 Cr
RVNL started FY27 positively with strong order book and revenue growth, focusing on diversification into ports, hydro, highways, and international markets.
- Order Book
- ₹93,492 Cr
- Q1 Order Inflow
- ₹5,417 Cr
Engineers India delivered strong Q1 FY27 profit growth of 55% and a sharp margin improvement on a higher-margin consultancy mix, maintaining its order inflow target despite a challenging Middle East environment.
- Order Book
- ₹14,424 Cr
- Standalone PBT
- ₹145 Cr55%
WABAG started FY27 strongly, achieving record results and order intake, with a historic high order book of INR 194 billion providing multi-year visibility, driven by strategic wins in key markets like GCC, India, and Europe.
- Revenue from Operations
- ₹887 Cr20.8% year-over-year
- EBITDA
- ₹116 Cr21.7% year-over-year
BRPL is transitioning into an integrated metal building solution platform, reporting healthy YoY growth while focusing on capacity utilization and entering the solar module mounting structure business.
- Revenue from Operations
- ₹45.89 Cr26.8% YoY
- EBITDA
- ₹4.12 Cr35% YoY
The quarter was marked by diversification into international and non-road segments as domestic highway awarding remained subdued.
- Standalone Total Income
- ₹1,320 Crflat Y-on-Y
- Standalone EBITDA
- ₹126 Crdown 17% Y-on-Y
Q1 FY27 revenue was impacted by supply chain disruptions, but the company reports a strong order book and multiple strategic growth levers.
- Revenue from Operations
- ₹85.3 Cr
- EBITDA
- negative ₹14.9 Cr
Skipper delivered record Q1 revenue and profit growth on strong domestic execution, a strengthened balance sheet, and a robust multi-year order pipeline in the power transmission sector.
- Revenue
- ₹1,310 Cr4.5%
- EBITDA
- ₹140 Cr10%
The company delivered strong revenue growth through execution of its diversified order book, though margins were pressured by raw material costs and expansion efforts.
- Revenue from Operations
- ₹359.2 Cr49% Y-o-Y
- EBITDA
- ₹75.7 Cr17.87% Y-o-Y
Steady execution and progress on strategic asset monetization and MDO ramp-up set the stage for significant revenue growth and debt reduction.
- Standalone Revenue
- ₹1,930 Cr
- Standalone EBITDA Margin
- 10.32%marginally expanded from 10.11% in Quarter 1 FY26
Strong revenue growth of 26% was driven by diversified execution across core verticals, but EBITDA margin declined to 10.8% due to temporary project-specific costs and input inflation.
- Total Revenue
- ₹1,632 Cr26%
- EBITDA
- ₹176 Cr-3%
The quarter saw steady improvement driven by normalized MDF operations and strong laminate growth, but profitability was impacted by elevated raw material and freight costs.
- Consolidated Revenue
- ₹292 Cr27.8%
- Consolidated EBITDA Margin
- 7.9%
PNC Infratech delivered robust standalone revenue and profit growth in Q1, though the industry award pipeline was subdued and the company is managing an operational issue on the Kanpur-Lucknow Expressway.
- Standalone Revenue
- ₹1,518 Cr34%
- Standalone EBITDA
- ₹375 Cr167%
The quarter was about strong top-line growth of 22.5% and a robust order book, but margins were pressured by geopolitical freight costs.
- Revenue from operations
- ₹291 Cr22.5%
- Order Book
- ₹1,053 Cr25%
Interarch posted 20.7% revenue growth and expanded capacity to target a revised FY28 revenue of INR2,700 crores while growing its order book to INR1,864 crores.
- Revenue
- ₹460 Cr20.7%
- EBITDA
- ₹39 Cr24.6%