Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q4 FY26 Earnings Presentation
36 slides from Pnc Infratech's earnings presentation
Slide 1: PNC Infratech Limited Investor Presentation Q4 FY26
PNC Infratech Limited Investor Presentation Q4 FY26
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 3: Key Highlights & Financials
Key Highlights & Financials 3
Slide 4: Key Highlights
Key Highlights Revenue EBITDA Margin PAT PAT Margin Q4 FY26 EBITDA Rs. 1,458 Cr Rs. 175 Cr 12.0% Rs. 100 Cr 6.9% Revenue EBITDA EBITDA Margin PAT PAT Margin FY26 Rs. 4633 Cr Rs. 583 Cr 12.6% Rs. 344 Cr 7.4% Remaining value of contracts under execution is over Rs. 18,000 Cr incl. contract worth Rs. 1
Slide 5: Standalone Profitability Statement – Q4 & FY26
Standalone Profitability Statement – Q4 & FY26 Rs. Cr Q4FY26 Q4FY25 FY26 FY25* REVENUE 1,458 1,415 4,633 5,513 EBITDA 175 176 583 1,049 EBITDA margin 12.0% 12.4% 12.6% 19.0% Other Income 22 29 74 66 Depreciation 29 22 95 90 Finance Cost 30 27 95 76 Profit Before Tax before Exceptional Item 138 156 4
Slide 6: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Cr) 31-Mar-26 31-Mar-25 EQUITY AND LIABILITIES (Rs. Cr) 31-Mar-26 31-Mar-25 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 609 387 (a) Equity Share capital 51 51 (b) Right to Use Assets 16 19 (b) Other equity 5,760 5,424 (c) Capital work-in-progres
Slide 7: Consolidated Profitability Statement – Q4 & FY26
Consolidated Profitability Statement – Q4 & FY26 Rs. Cr Q4FY26 Q4FY25 FY26 FY25 REVENUE 1,617 1,704 5,368 6,769 EBITDA 277 362 1,137 2,066 EBITDA margin 17.1% 21.3% 21.2% 30.5% Other Income 41 63 141 172 Depreciation 35 41 122 195 Finance Cost 137 233 582 852 Profit Before Tax before Exceptional Ite
Slide 8: Segmental Revenue Breakup
Segmental Revenue Breakup Q4FY25 Q4FY26 261 151 (15%) (9%) 210 201 (13%) (12%) 1,242 1,256 (73%) (78%) FY25 FY26 714 1,098 (13%) (16%) 584 (11%) 822 (12%) 4,070 4,848 (76%) (72%) Roads Water Toll/Annuity 8
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Cr) 31-Mar-26 31-Mar-25 EQUITY AND LIABILITIES (Rs. Cr) 31-Mar-26 31-Mar-25 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 611 394 (a) Equity Share capital 51 51 (b) Right to Use Assets 16 19 (b) Other equity 6,762 5,938 (c) Capital work-in-progr
Slide 10: Debt Position
Debt Position Standalone Debt (Rs. Cr) Mar-26 Mar-25 Gross Debt to Equity (x) Term Loan 1.5 1.6 - Equipment Term Loan 256 16 0.8 - Unsecured Loan (ICD) 485 383 0.1 0.1 0.1 Working Capital Loan 0 0 FY24 FY25 FY26 Total Debt 741 399 Standalone Debt to Equity Consolidated Debt to Equity Consolidated De
Slide 11: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Rs. Cr FY26 FY25 FY26 FY25 Profit before tax and Exceptional Item 466 949 574 1,192 Adjustments 147 136 583 879 Operating Cash flow Before Working Capital Changes 614 1,085 1,157 2,070 Change in operating assets and liabilities -677 -285 3,632 -1,722 Cash
Slide 12: Orderbook Details
Orderbook Details 12
Slide 13: Orderbook Mix
Orderbook Mix By Sector By Awarding Authority By Geography 16% 4% 2% 2% 9% 2% 1% 33% 41% 18% 16% 63% 59% 2% 16% 17% Roads Airport Runway Central Govt. Maharashtra Uttar Pradesh Haryana Railway Mining / MDO State Govt. Bihar Madhya Pradesh Karnataka Water/Canal Chhattisgarh Andhra Pradesh Rajasthan R
Slide 14: Orderbook Details (1/2)
Orderbook Details (1/2) Contract Vaue incl. Balance Orderbook as Project Name Authority State Type % Completion Escalation, if any (Rs. Cr) on 31st Mar. '26 (Rs. Cr) OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different South Eastern Coalfields
Slide 15: Orderbook Details (2/2)
Orderbook Details (1/2) Contract Vaue incl. Balance Orderbook as Project Name Authority State Type % Completion Escalation, if any (Rs. Cr) on 31st Mar. '26 (Rs. Cr) Hathouri-Atrar-Bavangama-Aurai Road BSRDC Bihar Road - EPC 420 0% 420 Namami Gange & Rural Water Aligarh Division – Kasganj District U
Slide 16: Orderbook Highlights
Orderbook Highlights In Orderbook – Awaiting Appointed Date Won Post 31st March 2026 – Not in Orderbook NH-927: Barabanki to Mustafabad, UP NH-927: Mustafabad to Biswariya, UP 4 Lane Highway | HAM Mode | Declared L-1 4 Lane Highway | HAM Mode | Declared L-1 Western Bhopal Bypass Madhya Pradesh Rs. 1
Slide 17: Diversification in Other Segments
Diversification in Other Segments Solar Project Mining Project Awarding Entity Awarding Entity NHPC Limited – Intermediary Procurer / Renewable Energy Implementing Agency (REIA) South Eastern Coalfields Limited (SECL), Bilaspur, Chhattisgarh Nature of Order Nature of Order Setting up of 300 MW ISTS
Slide 18: Company Overview
Company Overview 18
Slide 19: PNC Infratech – At a Glance
PNC Infratech – At a Glance 25+ Years of Experience, Geographical Footprint Proven Execution Capabilities Innovation and Excellence Executed projects across 16 states with Executed over 98 major infrastructure projects across Promoter-Led Vision Backed by a Professional segments and currently execut
Slide 20: Journey
Journey • Executed its 1st independent highway • Signed Concession Agreements for 7 project with NHAI, the four-laning of the • Got listing on the Stock Exchanges • Secured 1 HAM new HAM projects with a total bid • Received Rs. 5,157.5 million in terms of Agra-Gwalior section of NH3 in UP • Complete
Slide 21: Business Overview
Business Overview Coal Mining Roads & Highways EPC OB Removal and Coal Completed 74 infrastructure road projects on EPC basis Extraction Project Roads & Highways BOT / OMT/ HAM Power Transmission Operating 3 BOT projects, comprising both toll & annuity assets; Set up power transmission lines of Tota
Slide 22: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) PNC Renewable Energy Private Limited BOT Holdco for road and other infra projects Kanpur Lucknow Expressway Private Limited (“KLEPL”) (“PNCREPL”) 6 laning of Kanpur Lucknow Expressway (PKG-I) of NH-31/25 on HAM Holdco for renewable energy pro
Slide 23: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode
Slide 24: Toll/Annuity Projects
Toll/Annuity Projects PNC Share of JV Invested Debt as on % State / Kms / TPC Invested Grant Total Debt Project Authority Type Partner Equity 31st Mar’26 Stake Stretch Lanes (Rs. Cr) Amount (Rs. Cr) (Rs. Cr) s (Rs. Cr) (Rs. Cr) (Rs. Cr) 107.68 / Gwalior Bhind ** 100% MPRDC MP / NH-92 Toll - 340.3 78
Slide 25: HAM Projects
HAM Projects Debt / Bond as % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status on 31st Mar’26 Stake (Rs. Cr) (Rs. Cr) (Rs. Cr) (Rs. Cr) Gaju Village- Devinagar (Pkg-1C) 100% NHAI UP/ NH-530B 33.0 / 4 COD 819 85 386 371 Hardoi 100% NHAI UP / NH-731 54.4 / 4 PCOD 948
Slide 26: Asset Divestment Strategy
Asset Divestment Strategy Strategic Rationale Deal Overview Recycle capital from operating road assets and reinvest in fund-based infrastructure opportunities Enterprise Value (incl. earn outs) Growth Capital Balance Sheet De- Rs. 9,006 Cr leveraging Capital Efficiency Fund future Strengthen financi
Slide 27: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Chairman & Managing Director Promoter • Over 42 years of experience in the construction, • Over 33 years of experience in industries such as infrastructure sector and allied areas construction, cold storage, transportation, machineri
Slide 28: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Jain Mr. Anil Kumar Rao Chairman & Managing Director Managing Director Managing Director Mr. Talluri Raghupati Rao Whole-time Director Whole-time Director With over 47 years of experience, Mr. Mr. Chakresh brings over 35 ye
Slide 29: Clientele
Clientele > Uttar Pradesh Power Corporation Limited > DsIIDc Delhi State Industrial and Infrastructure Development Corporation Ltd. AIRPORTS AUTHORITY OF INDIA ade fearon sift MSRDC —/) Opeida Development Acthority yf » CIDCO CITY & INDUSTRIAL DEVELOPMENT CORPORATION OF MAHARASHTRA LIMITED i wemaxec
Slide 30: Geographical Presence
Geographical Presence 16 States Execution and Operational Presence 90+ Major Infrastructure Projects Delivered 3 Operational BOT Projects Comprising Toll and Annuity Assets 12 HAM Projects across Nation Under Different States of Implementation Disclaimer: This map is a generalized illustration only
Slide 31: Execution Capabilities
Execution Capabilities Man & Machine Strong Credit Rating added to execute Working Capital Limits more projects • Strengthening of In-house execution • Fund Based Limits of Rs. 1,000 Cr which • Long term bank facilities “CARE AA+ team with induction of engineers will enable us to execute projects (D
Slide 32: Strong Credit Rating
Strong Credit Rating Upgraded Reaffirmed ◼ PNC Infratech Ltd. ◼ Harthras Highways Pvt. Ltd. ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ✓ Reaffirmed Short term bank facilities at CAR
Slide 33: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Cr 1,609 1,317 1,341 1,330 1,273 FY22 FY23 FY24 FY25 FY26 Present Capex will enable us to achieve a Turnover of Rs. 8,000-10,000 Cr 33
Slide 34: Integrated Business Model
Integrated Business Model In-house Design & Engineering In-house Construction ◼ Controls the entire process from conceptualization to ◼ Ensuring timely completion of projects, reducing reliance on third commissioning of a given project which helps in providing parties and lowering costs. customized
Slide 35: Growth Strategies
Growth Strategies Diversification Strong Relationship Focused Approach Competitiveness o Leveraging Strong Project o Improve performance and o Maintaining Strategic o Continue to focus on our Core Execution track record to competitiveness of existing Alliances with companies EPC Strength & Regional
Slide 36: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. Pankaj Agarwal Mr. Jigar Kavaiya Vice President (F&A) COO – IR Practice +91-9920602034 pankajca@pncinfratec