SRM Contractors Limited — PPTs, 14-11-2025: Investor Presentation

**SRM Contractors Ltd. (SRM) reports robust Q2 & H1 FY26 financial results, showcasing strong growth.**

1. **Business Performance:** For H1 FY26, revenue climbed to ₹348.6 Cr (up 132.4% YoY), with EBITDA at ₹52.6 Cr (15.11% margin) and PAT at ₹32.82 Cr (up 118.8% YoY). Q2 FY26 saw revenue of ₹206.22 Cr, EBITDA of ₹31 Cr, and PAT of ₹20 Cr. SRM specializes in roads, tunnels, and slope stabilization, holding a significant order book of ₹1,552.65 Cr as of Sep 2025, heavily concentrated in challenging terrains like J&K, Uttarakhand, and Maharashtra.

2. **Growth Drivers & Strategy:** SRM leverages its deep expertise in difficult geographies, strong in-house capabilities, and strategic project clustering. A pivotal move is the acquisition of a 51% stake in Maccaferri Infrastructure Pvt. Ltd. (MIPL). This enhances SRM's geotechnical and environmental solutions, fuels PAN-India expansion, and strengthens its financial standing with MIPL’s ₹211 Cr order book.

3. **Recent Developments:** New leadership includes Mr. Sanjay Mehta as Group Chairman, tasked with international expansion into GCC and African markets, and Mr. Puneet Pal Singh as Managing Director. H1 FY26 saw order inflows of ₹174.09 Cr.

4. **Key Financial Metrics:** The Debt-Equity Ratio improved to 0.20 as of Sep 2025, reflecting sound financial management. Its Long-Term Bank Facilities rating was also upgraded to CARE A-.

5. **Management Commentary / Outlook:** SRM projects a topline of ~₹900 Cr for FY26 with an EBITDA margin targeted at 20%+. The company plans to diversify into Hybrid Annuity Model (HAM) projects and aims for ₹1,000 Cr in new order inflows for FY26.