Cemindia Projects Achieves Record FY26 Results: ₹10,061 Cr Revenue, 60.3% PAT Jump

Cemindia Projects Limited announced its audited financial results for the fiscal year ended March 31, 2026, reporting strong growth across key metrics. The company achieved a consolidated revenue of ₹10,061 crores, an 8.8% increase year-on-year. Profit After Tax (PAT) saw a significant surge of 60.3%, reaching ₹598 crores.

EBITDA also grew substantially by 27.7% to ₹1,199 crores. As of March 31, 2026, Cemindia Projects secured a record order book totaling ₹24,545 crores.

New orders acquired in the fourth quarter (Q4 FY26) were ₹5,144 crores, contributing to a total order inflow of ₹14,821 crores for the full fiscal year.

Growth Outlook Bolstered by Strong Order Pipeline

This strong performance reflects Cemindia Projects' effective execution and project management. The record order book provides substantial revenue visibility for the coming years, significantly reducing near-term uncertainties and positioning the company for continued expansion.

Company Background

Cemindia Projects Ltd, formerly ITD Cementation India Limited, is a prominent Indian infrastructure and construction firm with nearly a century of experience. It specializes in engineering, procurement, and construction (EPC) services across diverse sectors including maritime structures, mass rapid transit, airports, hydroelectric power, tunnels, dams, highways, bridges, and industrial projects.

Potential Challenges Ahead

Despite the robust performance and large order book, converting this pipeline into profitable revenue hinges on sustained, efficient execution. Potential delays in major projects or government tenders, which have posed challenges previously, could impact near-term revenue realization.

Competitive Landscape

Cemindia Projects operates in a competitive infrastructure market. Key rivals include large conglomerates like Larsen & Toubro (L&T), which reported ₹1,14,008 crore in FY24 revenue and secured ₹1,42,589 crore in orders. Smaller, specialized players such as KNR Constructions Ltd reported ₹3,592.20 crore in FY24 revenue and ₹399.15 crore PAT. Dilip Buildcon Ltd, another major EPC contractor, held an order book of ₹26,252 crore as of Q4 FY24, indicating a strong competitive environment.

Key Financial Metrics

• Consolidated Revenue FY26: ₹10,061 cr (vs FY25: ₹9,246 cr, +8.8% YoY)
• Consolidated PAT FY26: ₹598 cr (vs FY25: ₹373 cr, +60.3% YoY)
• Consolidated EBITDA FY26: ₹1,199 cr (vs FY25: ₹939 cr, +27.7% YoY)
• Q4 FY26 Revenue: ₹2,973 cr (vs Q4 FY25: ₹2,532 cr, +17.4% YoY)
• Q4 FY26 PAT: ₹242 cr (vs Q4 FY25: ₹113 cr, +113.6% YoY)

Upcoming Shareholder Votes

Shareholders will vote on several key matters at the upcoming Annual General Meeting (AGM) on June 27, 2026. These include the proposed reappointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year term and the appointment of Mr. Abizer Shabbir Diwanji as an Additional Non-Executive Independent Director for three years. The company's Articles of Association will also be updated regarding the company's seal, subject to shareholder consent. Investors will also be monitoring future order inflows and the company's execution progress against its record order book.