V.l.infraprojects Limited · NSE:VLINFRA
V.l.infraprojects — H2 FY26 Earnings Presentation
31 slides from V.l.infraprojects's earnings presentation, Jun 7, 2026
Slide 1: Regulation 30 intimation to NSE
Date: June 07, 2026 To, The Listing Department National Stock Exchange of India Limited, Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 Respected Sir/Ma’am, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Slide 2: H2 FY26 Investor Presentation
V.L.Infraprojects Limited H2 FY26 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by V.L. Infraprojects Limited (“V.L. Infra” or “the Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: H2 & 12M FY26 Financial Highlights
H2 & 12M FY26 Financial Highlights All Figures In ₹ Cr & Margin In % H2 FY26 ₹87.12 Cr 26.60% ₹8.85 Cr 28.07% 10.16% 12 Bps ₹4.40 Cr 26.78% 5.05% 1 Bps YoY EBITDA YoY YoY YoY Total YoY Net Net Profit EBITDA Margin Growth Growth Income Growth Growth Profit Margin Growth FY26 ₹150.02 Cr 23.76% ₹16.53
Slide 5: H2 FY26 Standalone Profit & Loss Statement
H2 FY26 Standalone Profit & Loss Statement All Figures In ₹ Cr & Margin In % Particulars H2 FY26 H2 FY25 YoY FY26 FY25 YoY Revenues 86.90 68.71 149.74 121.04 Other Income 0.22 0.11 0.29 0.18 Total Income 87.12 68.82 26.60% 150.02 121.22 23.76% Raw Material Expenses 71.02 55.71 121.42 99.48 Employee
Slide 6: Management Commentary on H2 FY26 Financial Performance
Management Commentary on H2 FY26 Financial Performance "FY26 was a milestone year for V.L. Infraprojects as we surpassed the ₹150 crore revenue mark while delivering healthy growth in profitability. Our performance was driven by strong execution across ongoing water supply and infrastructure project
Slide 7: Well-Established EPC Player with Expansion Upside
Well-Established EPC Player with Expansion Upside EPC execution across water supply, sewerage infrastructure, pipeline procurement, civil works, electro-mechanical installations and O&M services AA-class government contractor with licenses across Gujarat, Karnataka, Telangana and Madhya Pradesh Focu
Slide 8: Key Highlights at a Glance
Key Highlights at a Glance Operational Strength Scale & Execution Certifications • 25+ Years of Expertise • 30+ Projects Completed • ISO 9001:2015 • 50+ Team Size | 250+ Workforce • ₹151+ Cr Orders Executed • ISO 14001:2015 • 25+ Clients Served • 18 Ongoing Projects • ISO 45001:2018 • ₹200+ Cr Order
Slide 9: A Decade of Scaled Infrastructure Execution Excellence
A Decade of Scaled Infrastructure Execution Excellence Current Growth Phase (FY25 Onwards) • Focused on higher-value EPC opportunities • Strengthening order book and execution pipeline Growth Acceleration Phase (2022–24) • Expanded presence across multiple states • Listed on NSE Emerge in July 2024
Slide 10: Multi-Segment Infrastructure Execution Expertise
Multi-Segment Infrastructure Execution Expertise Water Infrastructure Building Construction Road Construction Irrigation Projects Water Supply | Sewerage | RCC Structures | Foundations | Earthwork | RCC Works | Small Micro Irrigation | Canal Systems | Pipelines | O&M Civil Work Bridges Water Efficie
Slide 11: Execution-Led Risk Mitigation Framework
Execution-Led Risk Mitigation Framework Key Risks Mitigation Strategy High dependence on government contracts Leveraging strong credentials to expand across states and secure repeat + new project wins Revenue visibility linked to timely execution Integrated in-house EPC model ensuring better control
Slide 12: Expanding Revenue Mix Supported by Trusted Institutional Partnerships
Expanding Revenue Mix Supported by Trusted Institutional Partnerships Segment Wise Revenue Breakup Top 5 Customers Revenue Contribution (In %) (In %) • Reducing Water Pipeline Construction Building Construction 90.00% customer Road Construction Irrigation Projects concentration 80.50% 120.00% risk 5
Slide 13: Scaled Multi-State Execution Enhancing Geographic Revenue Mix
Scaled Multi-State Execution Enhancing Geographic Revenue Mix Geographical Revenue Established Across 8 States, Positioned for (In %) Further Expansion Gujarat Telangana Madhya Pradesh Others 120% 0.53% 1.18% 3.41% 100% 6.31% 6.59% 18.16% 80% 18.49% 14.68% 60% 89.74% 73.74% 40% 67.16% 20% 0% FY24 FY
Slide 14: Recent & Ongoing Projects Highlights
Recent & Ongoing Projects Highlights Project Name: Telav Water Supply Project Project Name: Jalundra Water Supply Project Name Water Project Name: Shela of the place Supply Project Location: Gujarat Location: Gujarat Location: Gujarat Expected Completion: January 2027 Expected Completion: December 2
Slide 15: Track Record of Successfully Delivered Landmark Projects
Track Record of Successfully Delivered Landmark Projects Project Name: Barwala Group WSS Project Name: Kudasan Water Supply Project Project Name: Dhandhuka Group WSS Location: Gujarat Location: Gujarat Location: Dhandhuka, Gujarat Value: ₹28.71 Cr Value: ₹27.64 Cr Value: ₹23.97 Cr NameDhanpuri Proje
Slide 16: Track Record of Successfully Delivered Landmark Projects
Track Record of Successfully Delivered Landmark Projects Project Name: Watrak Irrigation Project Project Name: GGL Morbi Project Project Name: Pipli Hw to Dholera Airport Raw Location: Gujarat Location: Morbi, Gujarat water Supply Scheme Value: ₹10.22 Cr Value: ₹5.91 Cr Location: Gujarat , Value: ₹1
Slide 17: Order Book Overview
Order Book Overview 0.38% Order Book Mix By Segment Total Order Execution Bid H2 FY26 Order 1.55% 11.60% Book Timeline Pipeline Inflow ₹217.64 Cr 12–18 months ₹150 Cr ₹95.12 Cr Water Pipeline Building Construction 86.47% Road Construction Irrigation Projects In ₹ Cr Order Book Trend 238.77 Order Boo
Slide 18: Prestigious Awards Reflecting Execution and Leadership Excellence
Prestigious Awards Reflecting Execution and Leadership Excellence Investor Presentation 17
Slide 19: Leadership Driving Governance & Growth
Leadership Driving Governance & Growth Mrs. Mydhili Rajagopal Reddy Mr. Mallikarjuna Katta Whole Time Director Independent Director 26 Years of Expertise 14 Years of Expertise Mr. Venkata Rama Krishna Mr. Thallada Vamshikrishna Akella CFO Independent Director 4 Years of Expertise Mr. Rajagopal Reddy
Slide 20: Indian infrastructure sector in 2026 state-led push
The Indian infrastructure sector in 2026 is experiencing a massive, state-led push, with the Union Budget 2026–27 reaching a record ₹12.2 lakh crore in capital expenditure. Source: KPMG Investor Presentation 19
Slide 21: India Water Infrastructure: Emerging Trends & Priorities
India Water Infrastructure: Emerging Trends & Priorities Policy-led Investments and Rising Demand are Driving a Multi-year Capex Cycle in Water Infrastructure Structural Realities Policy & Investment Drivers • India holds ~4% of global freshwater with ~18% of • Strong push from programs like Jal Jee
Slide 22: Strategic Budget Allocations For Key Government Initiatives
Strategic Budget Allocations For Key Government Initiatives Ministry of Jal Shakti Scheme/Programme FY 2025-26 (₹ Cr) FY 2026-27 (₹ Cr) Change Namami Gange II 2687 3100 15% River Basin Management 243 - - Atal Bhujal Yojana 613 0.13 -100% National Water Mission 80 243 247% PMKSY 6922 7137 3% National
Slide 23: Key Standalone Financial Highlights
Key Standalone Financial Highlights All Figures In ₹ Cr & Margin In % Total Income In ₹ Cr Profits In ₹ Cr Margins In % EBITDA PAT PAT Margin EBITDA Margin 150.02 16.53 12.00% 10.85% 11.02% 121.22 10.51% 114.00 13.15 9.59% 10.00% 10.94 8.00% 8.42 5.79% 5.61% 7.02 5.36% 6.00% 6.11 4.85% 45.65 4.80 4.
Slide 24: Standalone Profit & Loss And Cash Flow Statement
Standalone Profit & Loss And Cash Flow Statement All Figures In ₹ Cr & Margin In % Particulars FY26 FY25 FY24 FY23 Revenues 149.74 121.04 113.93 45.56 Other Income 0.29 0.18 0.07 0.09 Total Income 150.02 121.22 114.00 45.65 Raw Material Expenses 121.42 62.87 74.69 26.47 Employee costs 3.62 2.08 1.47
Slide 25: Standalone Balance Sheet Statement
Standalone Balance Sheet Statement In ₹ Cr Equities & Liabilities FY26 FY25 FY24 FY23 Assets FY26 FY25 FY24 FY23 Equity 15.71 15.71 11.30 7.54 Non Current Assets Reserves 34.61 26.20 5.07 2.73 Fixed Assets 7.31 3.98 1.87 7.23 Net Worth 50.33 41.91 16.37 10.26 Other Non Current Financial 9.22 7.47 0.
Slide 26: Key Ratios
Key Ratios ROE ROCE Current Ratio Receivable Turnover Ratio In % In % In Times In Days 6.85 6.89 2.14 37.31% 32.69% 2.00 1.71 6.48 21.84% 1.42 21.58% 18.20% 16.75% 18.07% 16.73% 6.01 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Debt to Equity Ratio Interest Coverag
Slide 27: Way Forward
Way Forward Strengthening Core Water Infrastructure Leadership Focus on water supply & sewerage EPC projects Target larger, technically complex government contracts Increasing Share of O&M & Repeat Orders • Expand post-maintenance (O&M) services • Drive repeat order inflow from existing clients Expa
Slide 28: Key Growth Drivers and Expansion Strategy
Key Growth Drivers and Expansion Strategy Key Value Drivers Focused Go-To-Market Strategy • Strong execution capabilities • Target government-led water infrastructure programs (JJM, • Technical expertise in water infrastructure AMRUT, Irrigation) • Established client relationships • Leverage existin
Slide 29: Investment Rationale
Investment Rationale Execution-Backed Growth Visibility Focused Play on Water Infrastructure ₹200+ Cr Order Book | 18 Ongoing Projects Core presence in water supply & sewerage EPC → Strong visibility with continuous execution pipeline → Direct beneficiary of long-term government spending Demonstrate
Slide 30: Stock Data
Stock Data As on 4-06-2026 As on 31-03-2026 NSE: VLINFRA | ISIN:INE0QXL01015 Shareholding Pattern Share Price (₹) 30.35 Market Capitalization (₹ Cr) 48 34.30% Promoter & Promoter Group No. of Shares Outstanding 1,57,12,500 65.70% Public Face Value (₹) 10.00 52-week High-Low (₹) 56.85 – 18.00 Share P
Slide 31: Thank You
Thank You VL Infraprojects Limited Kirin Advisors Pvt. Ltd 716, Shivalik Satyamev, Near Vakil Saheb 713-B, Lodha Supremus II, Bridge, Bopal, Ahmedabad-380058. Wagle Estate, Thane West – 400 604. E-mail: cs@vlil.in Email: info@kirinadvisors.com Phone: +91 99988 50177 Phone: 022 4100 2455 Website: www