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PNC Infra reported its performance in Q1FY27 with standalone revenue at ₹1,518 crore

ICICIdirect Research 10 Aug 2026 DISCLAIMER

News: PNC Infra reported its performance in Q1FY27 with standalone revenue at ₹1,518 crore (including arbitration award of ₹375 crore), ₹1,143 crore excluding arbitration award (up 0.6% YoY). EBITDA margin was at 24.7%, because of inclusion of ₹217 crore arbitration award received from NHAI for Agra Bypass EPC Project. Excluding the arbitration award, EBITDA margin was at 13.8%, up 140 bps YoY to ₹158 crore. PAT was reported at ₹271 (including arbitration award), ₹95 crore excluding arbitration award (up 17.2% YoY).

View: The comapany has won more than ₹4300 crore orders post March 2026. Though this provides excellent revenue visibility, the effective execution will be key to achieve the targeted revenue growth of 30% for FY27.

Impact: Neutral

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