Cemindia Projects reported a strong Q2 FY27, with revenue growing 25% YoY to Rs 2,749 crore and PAT rising 21% to Rs 131 crore. The company hit a record order book of Rs 32,715 crore. A recent Rs 1,400 crore QIP and credit rating upgrades further strengthen the company’s capital structure for upcoming infrastructure projects.
Cemindia Projects Posts Strong Q2 Performance
Revenue: Rs 2,749 crore (+25.2% YoY) | PAT: Rs 131 crore (+21.3% YoY)
Reader Takeaway: Strong order visibility and successful fundraising are key positives, while project execution speed remains the primary monitorable.
What just happened
Cemindia Projects Ltd delivered a solid second-quarter performance for FY27. The company clocked a consolidated revenue of Rs 2,749 crore, marking a 25.2% jump over the same period last year. Profit after tax reached Rs 131 crore, up 21.3% year-on-year. The performance was supported by a 15.1% rise in EBITDA to Rs 280 crore.
Why this matters
The company’s order book has touched a record high of Rs 32,715 crore, offering substantial revenue visibility for the coming years. This order book is well-diversified, covering high-growth sectors such as maritime structures, urban infrastructure, and data centers. The successful completion of a Rs 1,400 crore QIP in October 2026 at Rs 1,108 per share further boosts the company’s liquidity for capital expenditure and debt reduction.
Credit Rating Improvements
The company’s robust financial position has resulted in positive rating actions. ICRA and CARE have both upgraded the company’s ratings to the AA category, reflecting improved creditworthiness and financial health. Crisil has also assigned an AA (Stable) rating, signaling market confidence in the firm’s stability.
What to track next
Investors should closely observe the execution pace of the record order book. With the fresh funds from the QIP, the focus will shift to how effectively the company deploys capital for new, complex projects and manages its debt repayment schedule in the upcoming quarters.