SectorInfrastructure & Construction
- Ahluwalia Contracts (India) Limited
- Ashoka Buildcon Limited
- Bansal Roofing Products Ltd
- Concord Enviro Systems Limited
- Dilip Buildcon Limited
- EMS Limited
- Engineers India Limited
- Highway Infrastructure Limited
- JSW Cement Limited
- KNR Constructions Limited
- Paramount Communications Limited
- Power Mech Projects Limited
- Rail Vikas Nigam 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.
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.
Strong recovery in US exports combined with robust domestic demand drove record quarterly performance, with margins improving significantly.
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.
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 growth is expected from the start of new HAM and mining projects in Q3, alongside potential recovery of significant irrigation receivables.
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.
Quarter results showed strong volume growth and a positive ramp-up of North operations, despite cost pressures from fuel and marketing investments.
RVNL started FY27 positively with strong order book and revenue growth, focusing on diversification into ports, hydro, highways, and international markets.
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.
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.
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.
The quarter was marked by diversification into international and non-road segments as domestic highway awarding remained subdued.
Q1 FY27 revenue was impacted by supply chain disruptions, but the company reports a strong order book and multiple strategic growth levers.
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.
Steady execution and progress on strategic asset monetization and MDO ramp-up set the stage for significant revenue growth and debt reduction.
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.