PNC Infratech earnings calls.

PNC Infratech reported a challenging Q1 FY26 with standalone revenue of Rs 1,136 crores (down 13% YoY) and consolidated revenue of Rs 1,423Current reported value: 1,423. No comparable prior figure is available in the source record. crores. The underperformance stems from delayed appointed dates on Rs 5,000 crore of HAM projects due to land acquisition issues in Bihar, plus a halted SITCO project worth Rs 240 crores due to judicial stay. Q1 EBITDA margin of 12.4%Current reported value: Q1 EBITDA margin of 12.4%. No comparable prior figure is available in the source record. on standalone basis and 25.8% consolidatedCurrent 25.8% vs previous available quarter 20%. reflects seasonal monsoon impact. Management maintained FY26 revenue guidance of Rs 6,300 crore (15% growth) and 13% EBITDA margin, contingent on HAM project appointed dates in Q2-Q3. The company secured Rs 5,000+ crore of new projects in Q1 (Rs 3,489 crore coal mining + Rs 2,000 crore BESS), expanding the order book to Rs 22,000 crCurrent Rs 22,000 cr. Reported change: +Rs 5,000 cr QoQ.ore. Asset monetization is nearly completeCurrent reported value: Asset monetization is nearly complete. No comparable prior figure is available in the source record. with 11 of 12 assetsCurrent 11 of 12 assets. Reported change: Rs 2,250 cr realized. divested, generating ~Rs 2,250 crore. The primary risk is whether the 4 stalled HAM projects will achieve appointed dates in Q2-Q3 to sustain guidance; without this, 45% growth needed in remaining 9 months appears steep.