Cemindia Projects Reports Record Revenue and PAT for FY26

Cemindia Projects Limited announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a record consolidated revenue of ₹10,061 crore, marking an 8.8% increase year-on-year.

Consolidated Profit After Tax (PAT) saw a substantial surge of 60.3% year-on-year, reaching ₹598 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also grew by a strong 27.7% to ₹1,199 crore. The company achieved EBITDA margins of 11.9% and PAT margins of 5.9%.

Record Order Book Fuels Future Growth

The company's order book hit an all-time high of ₹24,545 crore as of March 31, 2026. Cemindia secured ₹14,821 crore in new orders during the fiscal year, with the fourth quarter (Q4 FY26) alone contributing ₹5,144 crore. This robust order pipeline provides strong visibility for future revenue streams.

Corporate Governance Strengthened

In terms of corporate governance, the board appointed Mr. Abizer Shabbir Diwanji as an Independent Director for a three-year term commencing April 29, 2026. Additionally, Price Waterhouse Chartered Accountants LLP was reappointed as the Statutory Auditors for a five-year term. Both appointments are subject to shareholder approval.

Significance of FY26 Performance

The record revenue and PAT figures highlight Cemindia's strong operational execution. A substantial and high order book is a key positive indicator for investors in the infrastructure sector, promising sustained revenue visibility in the coming years.

The appointment of an independent director and the reappointment of auditors aim to bolster investor confidence and uphold governance standards.

Company Background

Cemindia Projects Ltd, formerly ITD Cementation India Limited, has a legacy of over nine decades in engineering and construction. It operates as a subsidiary of Renew Exim DMCC and is part of the Adani Group. The company specializes in diverse infrastructure segments, including maritime structures, mass rapid transit systems, airports, highways, and bridges. Its previous performance in Q3 FY26 also showed a significant PAT surge of 27.4% year-on-year, with its order book exceeding ₹21,879 crore.

Investor Outlook Post-Results

Shareholders can anticipate continued financial growth driven by the company's extensive order pipeline. The enhanced board composition and continued financial oversight from reappointed auditors are expected to support this trajectory. Cemindia's established track record and strategic position within the Adani Group further bolster its growth prospects.

Key Approvals Pending

The appointments of the new Independent Director and Statutory Auditors require shareholder approval at the upcoming Annual General Meeting.

Industry Peers

Cemindia operates in a competitive sector alongside major players such as Kalpataru Projects International Ltd., NCC Ltd., Power Mech Projects Ltd., and Rites Ltd., all active in various infrastructure and construction projects across India.

Financial Health Metrics

As of March 31, 2026, Cemindia maintained a conservative Net Debt to Equity ratio of 0.18x. The company's Net Worth stood at ₹2,400 crore, indicating a solid financial foundation.

What to Watch Next

Investors will be monitoring the outcomes of shareholder votes on the new Independent Director and Statutory Auditor appointments at the upcoming 48th Annual General Meeting on June 27, 2026. Key focus areas will also include future order wins in core segments and the execution progress of the record order book to ensure timely project delivery and revenue realization.