PNC Infratech Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PNC Infratech reported Q2 FY26 standalone revenue of Rs. 983 crore, EBITDA of Rs. 136 crore (13.9% margin), and PAT of Rs. 86 crore (8.8% margin). H1 FY26 standalone revenue was Rs. 2,119 crore.

Management revised FY26 revenue growth guidance to 5% (from 15-20%) due to delayed appointed dates for HAM projects, subdued NHAI awards, and prolonged monsoon. The unexecuted order book stands at over Rs. 20,000 crore, with Rs. 6,000 crore new orders secured year-to-date and targeting another Rs. 6,000 crore+. Remaining equity for HAMs is Rs. 663 crore, plus Rs. 400 crore for the BESS project. The company also fully monetized its remaining HAM assets. Management maintains a realistic yet confident outlook on execution ramp-up and future growth.