PNC Infratech Limited announced its Q2 FY27 financial results during an earnings conference call. The company highlighted a recovery in the highways sector, expanded opportunities in railways, and provided updates on its order book and financial performance. Management discussed strategies for growth, diversification into new sectors, and international expansion, while also addressing financial performance metrics and guidance for the upcoming fiscal years.
PNC Infratech’s Q2 FY27 Earnings Conference Call Highlights
PNC Infratech Limited conducted its Q2 FY27 earnings conference call on October 29, 2026, detailing its financial performance and strategic outlook. The call provided insights into the company’s operational performance, order book status, and future growth prospects across various infrastructure sectors.
Industry and Sectoral Updates
The company noted a recovery in the highways sector in Q2 FY27, with NHAI awarding approximately 230 route kilometers of projects. Significant opportunities are also emerging in the railways sector, with the government identifying 514 new projects. PNC Infratech is also exploring opportunities in other sectors like water resources, renewable energy, and urban development.
Despite rising input costs, the company is actively diversifying its order book to support long-term sustainable growth. Recent company updates include a stay granted by the Delhi High Court on NHAI debarment orders, allowing PNC Infratech to bid for government projects. The company also received a Letter of Award for the Pantnagar Airport EPC work valued at INR 302 crore.
Operational and Financial Performance
PNC Infratech’s standalone revenue for Q2 FY27 was INR 1146 crore, a 17% increase year-on-year. Standalone EBITDA and PAT for the quarter were INR 138 crore and INR 73 crore, respectively. The first half of FY27 saw standalone revenue grow by 26% to INR 2,664 crore, with EBITDA rising by 85% to INR 513 crore.
On a consolidated basis, Q2 FY27 revenue stood at INR 1,322 crore (up 17%), with EBITDA at INR 279 crore (up 10%). For H1 FY27, consolidated revenue increased by 18% to INR 3,011 crore, and EBITDA rose by 29% to INR 802 crore.
The company’s unexecuted order book stands at over INR 18,000 crore, with highway contracts forming 63% of the total.
Future Outlook and Guidance
PNC Infratech is maintaining its guidance of INR 6,000 crore revenue for the current year and INR 7,500 crore for the next year, with a target EBITDA margin of 12%. The company expressed confidence in achieving its order inflow guidance of INR 12,000 crore to INR 15,000 crore for the current financial year.
Management discussed the strategic focus on highways while expanding into other core sectors, including railways and power transmission. The company is also exploring international opportunities, particularly in the road sector in countries like Kazakhstan and Uzbekistan. For FY28, capex guidance is around INR 150 crore, and for FY27, it is around INR 200 crore.
The company is also considering an open market buyback of shares, given its current cash position.
Source: BSE
