Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q2 FY26 Earnings Presentation
33 slides from Pnc Infratech's earnings presentation
Slide 1: Investor Presentation Q2 FY26
Investor Presentation Q2 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
Slide 4: Key Highlights for Q2FY26
Key Highlights for Q2FY26 Revenue PAT • Revenue of Rs. 983 ◼ PAT of Rs. 86* crore in crore in Q2 FY26 Q2FY26 EBITDA ◼ PAT Margin of 8.8% in Q2FY26 ◼ EBITDA of Rs. 136 crore in Q2FY26 ◼ EBITDA Margin of 13.9% in Q2FY26 Notes:* Includes gain of Rs. 5 crore realized on sale of equity shares of PNC Bare
Slide 5: Key Highlights for H1 FY26
Key Highlights for H1 FY26 ◼ EBITDA of Rs. 277 crore in H1FY26 Revenue ◼ Revenue of Rs. 2,119 crore in H1FY26 EBITDA ◼ EBITDA Margin of 13.1% in H1FY26 Profit After ◼ PAT of Rs. 167* crore in H1FY26 ◼ Remaining value of contracts under execution is Orderbook over Rs. 20,100 crore incl. contract wort
Slide 6: Orderbook Details
Orderbook Details
Slide 7: Robust Order Book over Rs. 20,100 crores
Robust Order Book over Rs. 20,100 crores ◼ Remaining value of contracts under execution of over Rs. 20,100 crore as on 30th September 2025 Remaining Awarding ◼ The below orders are included in order book as on 30th September 2025 of which appointed date is Key EPC Projects Under Construction Value A
Slide 8: Diversification in Other Segments
Diversification in Other Segments ◼ Solar Project: Awarding Entity NHPC Limited being the "Intermediary Procurer/Renewable Energy Implementing Agency (REIA)" "Setting up of 300 MW ISTS (Inter State Transmission System) Connected Solar Power Project with I 50MW600MWh Energy Nature Of Order Storage Sy
Slide 9: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode
Slide 10: Asset Monetization
Asset Monetization ◼ Completion of Sale of Equity Stake in 11 of Company’s Road Assets ✓ As in January 2024, the Company executed definitive agreements with HIT to divest 12 of its road assets, comprising of 11 National Highway HAM assets and 1 State Highway BOT Toll asset with approximately 3,800 l
Slide 11: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 30th % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Sep’25 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Gwalior Bhind ** 100% MPRDC MP
Slide 12: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Invested Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Amount 30th Sep’25 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Challakere-Hariyur * 100% NHAI Karnataka / NH 150 A 55.7 /
Slide 13: Annexure – I Summary Financials
Annexure – I Summary Financials
Slide 14: Standalone Profitability Statement – Q2 & H1
Standalone Profitability Statement – Q2 & H1 Rs. Crores Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY25* REVENUE 983 1,149 2,119 2,894 EBITDA 136 134 2% 277 727 EBITDA margin 13.9% 11.6% 223 bps 13.1% 25.1% Other Income 19 13 29 22 Depreciation 21 23 40 45 Financial Expenses 22 15 43 28 Profit Before Tax before
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Sep-25 Mar-25 EQUITY AND LIABILITIES (Rs. Crores) Sep-25 Mar-25 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 457 387 (a) Equity Share capital 51 51 (b) Right to Use Assets 17 19 (b) Other equity 5,577 5,424 (c) Capital work-in-progress 0
Slide 16: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 148 139 114 113 106 102 99 93 Mar/23 Mar/24 Mar/25 Sep/25 Debtors Net Working Capital PNC Infratech Limited 16
Slide 17: Consolidated Profitability Statement – Q2 & H1
Consolidated Profitability Statement – Q2 & H1 Rs. Crores Q2 FY26 Q2 FY25 H1 FY26 H1 FY25* REVENUE 1,128 1,427 2,550 3,595 EBITDA 253 356 620 1,325 EBITDA margin 22.4% 25.0% 24.3% 36.9% Other Income 32 37 62 67 Depreciation 26 40 57 80 Financial Expenses 129 204 316 395 Profit Before Tax before Exce
Slide 18: Segmental Revenue Break-up
Segmental Revenue Break-up Q2FY25 277 Q2FY26 140 131 176 19% 12% 10% 15% 1,010 821 71% 73% Roads Water Toll/Annuity Roads Water Toll/Annuity H1FY25 H1FY26 429 561 234 413 12% 16% 9% 16% 2,605* 1,904 72% 75% Roads Water Toll/Annuity Roads Water Toll/Annuity Notes:* Includes Bonus of Rs. 56 crs from M
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Sep-25 Mar-25 EQUITY AND LIABILITIES (Rs. Crores) Sep-25 Mar-25 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 459 394 (a) Equity Share capital 51 51 (b) Right to Use Assets 17 19 (b) Other equity 6,572 5,938 (c) Capital work-in-progress
Slide 20: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Rs. Crores Half Year ended 30-Sep-25 Half Year ended 30-Sep-24 Half Year ended 30-Sep-25 Half Year ended 30-Sep-24 Profit before tax 223 676 310 917 Adjustments 70 65 312 410 Operating Cash flow Before Working Capital Changes 292 741 621 1,327 Change in op
Slide 21: Annexure – II Company Overview
Annexure – II Company Overview
Slide 22: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, railways and transmission lines • Executed
Slide 23: Business Overview
Business Overview Operating 3 BOT projects, comprising both Design, procurement & Executed 21 airport toll & annuity assets; Total of 13 HAM construction of track and track runway projects across projects comprising – 3 Operational related works on Mughalsarai - India & received ‘Super projects, 6 p
Slide 24: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects MP Highways Private Limited (“MPHPL”) Kanpur Lucknow Expressway Private Limited (“KLEPL”) Augmentation of the Gwalior–Bhind section of NH 92 6 laning of Kanpur Lucknow Expressway (PKG-I) of NH-31/2
Slide 25: Integrated Business Model
Integrated Business Model In-house Design & Engineering ◼ Controls the entire process from conceptualization to commissioning of a given project which helps in providing customized solutions as per clients’ specific requirements In-house Construction ◼ Ensuring timely completion of projects, reducin
Slide 26: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ◼ Long term bank facilities “CARE AA+ (Double A plus)” ◼ Short term bank facilities “CARE A1+ (A One plus)” “Stable” outlook Working Capital Limits ◼ Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects without financial co
Slide 27: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,418 1,341 1,330 1,317 1,267 1,273 FY21 FY22 FY23 FY24 FY25 Sep-25 Present Capex will enable us to achieve a Turnover of Rs. 10,000-12,000 crores PNC Infratech Limited 27
Slide 28: Strong Credit Rating
Strong Credit Rating ◼ PNC Challakere (Karnataka) Highways Pvt. Ltd. * ◼ PNC Infratech Ltd. ✓ Long term bank facilities at CARE A+ (RWD) (Placed on Rating Watch with ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) Developing Implications) ✓ Reaffirmed Short term bank
Slide 29: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 42 years of experience in ◼ Over 33 years of experience ◼ Over 32 years of experience in ◼ Over 27 years of expe
Slide 30: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Chander K
Slide 31: Clientele
Clientele PNC Infratech Limited 31
Slide 32: Growth Strategy
Growth Strategy Diversification Strong Relationship Focused Approach Competitiveness ◼ Leveraging Strong Project Execution ◼ Improve performance and ◼ Maintaining Strategic Alliances ◼ Continue to focus on our Core EPC track record to diversify into new competitiveness of existing with companies who
Slide 33: 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