PNC Infratech Ltd.Q2 revenue +17%, ₹18,000 Cr order book, NHAI stay

PNC Infratech's Q2 FY27 call, held on 29 October 2026, reported standalone revenue of ₹1,146 crore, up 17%, with EBITDA of ₹138 crore at a 12.1% margin and profit after tax of ₹73 crore.

First-half standalone revenue rose 26% to ₹2,664 crore, helped by a ₹217 crore arbitration award, and consolidated Q2 revenue rose 17% to ₹1,322 crore. On 12 October the Delhi High Court stayed the NHAI debarment orders, so the company can bid with all authorities, with the next hearing on 26 November. The unexecuted order book is over ₹18,000 crore, 63% in highways, and 17 bids worth ₹16,600 crore await price bid opening.

The ₹2,000 crore NHPC battery storage award was cancelled when power agreements were not signed. Management maintained FY27 revenue of ₹6,000 crore, FY28 revenue of ₹7,500 crore, a 12% EBITDA margin and order inflow of ₹12,000 crore to ₹15,000 crore, and said it is considering a buyback while exploring road projects in Kazakhstan, Georgia and Uzbekistan.