PNC Infratech Limited — Investor Meet, 10-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PNC Infratech reported Q4 revenue of Rs. 1,415 Cr with EBITDA and PAT margins of 12.4% and 8.6%, respectively. FY25 standalone revenue was Rs. 5,513 Cr with 19% EBITDA and 12.8% PAT margins; consolidated revenue reached Rs. 6,769 Cr with 30.5% EBITDA and 12% PAT margins. The order book stands at Rs. 17,700+ Cr, led by highways and expressways, including Rs. 6,670 Cr in recent EPC wins. Key positives include monetization of road projects worth Rs. 1,827 Cr, reduced net debt-to-equity at 0.72x, and a Rs. 485 Cr arbitration award. The company targets 20% revenue growth, 13% EBITDA margin, and Rs. 15,000 Cr in new orders for FY26, with increased focus on HAM projects plus expansions into railways, renewables, and smart metering. Management expects steady receivables and progress on HAM projects by H1 FY26 while maintaining disciplined capital and workforce management.