GHV Infra Projects reported strong FY26 growth with a 228% jump in revenue to Rs 605.53 crore and net profit doubling to Rs 42.26 crore. The company’s order book reached Rs 19,000 crore, supported by international expansion in the UAE, USA, and Africa. While operations scale, investors should watch the rising debt-equity ratio and working capital needs.
GHV Infra Projects FY26 Performance Update
Revenue at Rs 605.53 crore; Net Profit at Rs 42.26 crore.
Reader Takeaway: Strong order book growth driven by global expansion balances rising debt and working capital pressure.
What just happened
GHV Infra Projects released its 49th Annual Report for FY 2025-26, highlighting a significant scale-up in operations. Standalone revenue grew 228% year-on-year to Rs 605.53 crore. Net profit after tax more than doubled to Rs 42.26 crore from Rs 17.15 crore in the previous year.
Why this matters
The company has successfully transitioned to a larger revenue base while securing a robust order book. The order book grew from Rs 9,100 crore in March 2026 to over Rs 19,000 crore by June 2026. This growth is backed by a balanced geographic mix, with 46% domestic and 54% international projects, reducing regional concentration risk.
Corporate Actions
The board has approved the reclassification of Husena A. Musamji from 'Promoter' to 'Public' shareholder. Additionally, the company is regularizing the appointment of three new independent directors. No dividend was declared for the year, as the company prioritized profit reinvestment into its infrastructure segments, including highways, railways, and data centers.
Risks to watch
Growth comes with increased financial leverage. The debt-to-equity ratio rose to 1.55 times, up from 0.73 times in FY 2024-25, due to higher project-related borrowings. Investors should monitor how the company manages the working capital intensity required to execute its massive, newly acquired order book.
What to track next
The 49th Annual General Meeting is scheduled for September 25, 2026. Market participants will focus on management commentary regarding margin sustainability in international projects and debt reduction strategies in the coming quarters.