Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q2 FY2027 Earnings Presentation
42 slides from Pnc Infratech's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter for results presentation
PNC lnfratech Limited ,.: An ISO 9001 : 2015 Certified Company Ref No: PNC|SE1T3 126-27 Date:29,10.2026 To, To, The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex
Slide 2: Investor Presentation Q2FY27
Investor Presentation Q2FY27
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: Table of Contents
Table of Contents 01 Quarterly Highlights 02 Orderbook Details 03 Portfolio of Development Projects on PPP Mode 04 Company Overview 3
Slide 5: Quarterly Highlights
ENG Quarterly Highlights
Slide 6: Key Updates for Q2FY27
Key Updates for Q2FY27 ➢ Pronounced an Arbitration Award for EPC Project o Pronounced an arbitration award for Rs. 244 crores published in favour of the Company in connection with an EPC project - Upgradation of Sonauli to Gorakhpur section of NH 29E, executed for UP PWD. ➢ Stay Order by the Hon'ble
Slide 7: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. Crs) EBITDA (Rs. Crs) EBITDA Margin % Profit After Tax (Rs. Crs) +17% +1% -180 bps -16% 1,146 136 138 13.9% 86 Quarter 983 12.1% 73 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 +26% +85% +614 bps +105% 2,664 513 Half Year 19.2% 343 2,119 13.
Slide 8: Profitability Statement – Q2 FY27
Profitability Statement – Q2 FY27 Standalone Consolidated Particulars (Rs. Crs) Q2FY27 Q2FY26 YoY Q2FY27 Q2FY26 YoY REVENUE 1,146 983 17% 1,322 1,128 17% EBITDA 138 136 1% 279 253 10% EBITDA margin 12.1% 13.9% 21.1% 22.4% Other Income 20 19 53 32 Depreciation 35 21 40 26 Finance Cost 25 22 134 129 P
Slide 9: Profitability Statement – H1 FY27
Profitability Statement – H1 FY27 Standalone Consolidated Particulars (Rs. Crs) H1 FY27 H1 FY26 YoY H1 FY27 H1 FY26 YoY REVENUE 2,664 2,119 26% 3,011 2,550 18% EBITDA 513 277 85% 802 620 29% EBITDA margin 19.2% 13.1% 26.6% 24.3% Other Income 63 29 124 62 Depreciation 68 40 80 57 Finance Cost 45 43 2
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Sep-26 Mar-26 EQUITY AND LIABILITIES (Rs. Crores) Sep-26 Mar-26 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 670 609 (a) Equity Share capital 51 51 (b) Right to Use Assets 14 16 (b) Other equity 6,091 5,760 (c) Capital work-in-progress 37
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Sep-26 Mar-26 EQUITY AND LIABILITIES (Rs. Crores) Sep-26 Mar-26 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 672 611 (a) Equity Share capital 51 51 (b) Right to Use Assets 14 16 (b) Other equity 7,197 6,762 (c) Capital work-in-progress
Slide 12: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Rs. Crores Half Year ended 30-Sep-26 Half Year ended 30-Sep-25 Half Year ended 30-Sep-26 Half Year ended 30-Sep-26 Profit before tax 463 223 589 310 Adjustments 63 70 222 312 Operating Cash flow Before Working Capital Changes 525 292 811 621 Change in oper
Slide 13: Segmental Revenue Breakup
Segmental Revenue Breakup Q2FY26 (Rs. Crs) Q2FY27 (Rs. Crs) 176 (16%) 177 124 (13%) 131 (9%) (12%) 821 1,022 (73%) (77%) H1 FY26 (Rs. Crs) Q2FY27 (Rs. Crs) 413 (16%) 260 347 234 (9%) (12%) (9%) 1,904 2,404 (75%) (80%) Roads Water Toll/Annuity 12
Slide 14: Debt Position
Debt Position Standalone Debt Position (Rs. Crs) Gross Debt to Equity (x) 1,312 1.5 1.6 0.8 0.8 741 0.1 0.2 0.1 0.1 382 399 FY24 FY25 FY26 H1FY27 Standalone Debt to Equity Consolidated Debt to Equity Mar-24 Mar-25 Mar-26 Sep-26 Consolidated Debt Position (Rs. Crs) Standalone – Working Capital Days 9
Slide 15: Orderbook Details
Orderbook Details 14
Slide 16: Orderbook Summary
Orderbook Summary Balance Orderbook Sectors No. of Projects as on 30th Sep. ‘26 (Rs. Crs) Roads - EPC 7 4,847 Roads - HAM 8 3,350 Mining 1 2,800 Water – JJM 7 2,204 Canal 1 791 Airport 2 510 Railways 1 369 Total 27 14,871 15 * Includes Projects worth Rs. 1,393 Crs where appointed date is awaited
Slide 17: Orderbook Mix
Orderbook Mix By Sector By Geography 1% 2% 19% 5% 2% 22% 1% 11% 3% 55% 16% 20% 20% 2% 19% Maharashtra Madhya Pradesh Karnataka Roads Airport Runway Bihar Andhra Pradesh Rajasthan Railway Mining Chhattisgarh Haryana Water/Canal Uttar Pradesh Uttarakhand 16 Disclaimer: This map is a generalized illust
Slide 18: Orderbook Details – Road EPC
Orderbook Details Road EPC Balance Orderbook as Contract Value incl. Project Name Authority State % Completion on 30th Sep. '26 (Rs. Escalation, if any (Rs. Crs) Crs) Pune Ring Road Project MSRDC Maharashtra 2,272 25% 1,705 Jalna To Nanded Road MSRDC Maharashtra 2,368 33% 1,594 Elevated Flyover - Gw
Slide 19: Orderbook Details – Road HAM
Orderbook Details Road - HAM Balance Orderbook as Contract Value incl. Project Name Authority State % Completion on 30th Sep. '26 (Rs. Escalation, if any (Rs. Crs) Crs) Bhopal Bypass* NHAI MP 1,091 0% 1,091 Varanasi Kolkata Pkg-6 NHAI Bihar 1,162 33% 779 Varanasi Kolkata Pkg-3 NHAI Bihar 1,028 31% 7
Slide 20: Orderbook Details – Mining and Water JJM
Orderbook Details Mining Balance Orderbook as Contract Value incl. Project Name Authority State % Completion on 30th Sep. '26 (Rs. Escalation, if any (Rs. Crs) Crs) OB Removal and Coal Extraction by Surface Miner and South Eastern Loading and Transportation of Extracted Coal to Chhattisgarh 2,957 5%
Slide 21: Orderbook Details – Canal, Airports, Railways
Orderbook Details Canal Balance Orderbook Contract Value incl. Project Name Authority State % Completion as on 30th Sep. '26 Escalation, if any (Rs. Crs) (Rs. Crs) DWRO Water Resources Canal Project -Ap Kurnool AP 1,148 38% 791 Department, Govt. of AP Orderbook – Canal 791 Airports Balance Orderbook
Slide 22: Orderbook Highlights
Orderbook Highlights Included In Orderbook, awaiting Appointed Date Not included in Orderbook, awaiting Financial Closure Western Bhopal Bypass, Madhya Pradesh NH-927: Barabanki to Mustafabad, UP 4 Laning on Hybrid Annuity Mode | Financial Closure documents 4 Lane Highway | HAM Mode | CA Signed sign
Slide 23: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode 22
Slide 24: Equity Requirement
Equity Requirement Total Equity Equity Invested Balance to Invested Balance to Invested in H2 Balance to Invested in Projects Requirement Upto 30th Sep. ‘26 (Rs. Crs) FY27 (Rs. Crs) FY28 (Rs. Crs) (Rs. Crs) (Rs. Crs) 12 HAM Projects 1,623 1,212 411 201 210 Total 1,623 1,212 411 201 210 23
Slide 25: Toll/Annuity Projects
Toll/Annuity Projects PNC Share of Invested Total Debt as on % State / JV Kms / TPC Invested Grant Project Authority Type Equity Debt 30th Sep. '26 Stake Stretch Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) 107.68 / Gwalior Bhind ** 100% MPRDC MP / NH-92 Toll - 3
Slide 26: HAM Projects
HAM Projects Invested Debt as on 30th % TPC Total Debt Project Authority State / Stretch Kms / Lanes Status Equity Sep’26 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Gaju Village- Devinagar (Pkg-1C) 100% NHAI UP/ NH-530B 33.0 / 4 COD 819 85 386 357 Kanpur-Lucknow (Pkg II) 100% NHAI UP / NH-31/25 4
Slide 27: Landmark Projects
Landmark Projects Prayagraj-Kaushambi Project Hardoi Project Mathura Gaju Village Project Canal Project – AP Kurnool Pune Ring Road Project Haryana Rail Project 26
Slide 28: Company Overview
Company Overview PNG
Slide 29: PNC Infratech – At a Glance
PNC Infratech – At a Glance 25+ Years of Experience, Innovation Geographical Footprint Proven Execution Capabilities and Excellence Executed projects across 16 states with Executed over 100 major infrastructure projects Promoter-Led Vision Backed by a Professional across segments dominance across No
Slide 30: Journey
Journey • Secured 3 EPC rural water supply projects for • Received PCOD for 3 HAM Projects • Executed its 1st independent highway • Got listing on the Stock 2,337 villages in UP project with NHAI, the four-laning of Exchanges • Received Completion Certificate for the Agra-Gwalior section of NH3 in U
Slide 31: Business Overview
Business Overview Roads & Highways EPC Coal Mining Completed 74 infrastructure road projects on EPC basis OB Removal and Coal Extraction Project Roads & Highways BOT / OMT/ HAM The Company has completed 74 Projects and has 3 operating BOT projects, comprising both toll & annuity assets; and a total
Slide 32: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) (PNC Infratech owning 100% Stake) PNC Renewable Energy PNC lnfratech Joint Ventures Private Limited (Kazakhstan) LLP (“PNCREPL”) (PNC Infratech MP Highways Private Limited (“MPHPL”) 100% PNC-SPSCPL (Koilwar to Bhojpur) 55% (PNC Infratech owni
Slide 33: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain : Chairman & Managing Director With over 47 years of experience, Mr. Pradeep is a veteran in infrastructure construction, operations, and management. He provides strategic leadership in administration, stakeholder relationships, and corporate governance, gui
Slide 34: Board of Directors
Board of Directors Mr. Krishan Kumar Jalan (IAS): Independent Director Mr. Jalan, a former Secretary to the Government of India, brings over 35 years of experience in the Indian Administrative Service (IAS). His expertise in governance and administration strengthens the Company’s decision-making and
Slide 35: Clientele
Clientele ay AR. BaizEs AIRPORTS AUTHORITY OF INDIA THE INFRASTRUCTURE PEOPLE andra fearracs srftareor Uttar Pradesh Power Corporation Limited s/s) Dic} DS I I DC @® State Water & Sanitation Mission 22] _ naman cance ano RURAL WATER SUPPLY DEPARTMENT Delhi State Industrial and Infrastructure Develop
Slide 36: Geographical Presence
Geographical Presence 16 States Execution and Operational Presence 100+ Major Infrastructure Projects Delivered 3 Operational BOT Projects Comprising Toll and Annuity Assets 14 HAM Projects across Nation in Different States under Operation / Implementation Disclaimer: This map is a generalized illus
Slide 37: Execution Capabilities
Execution Capabilities Man & Machine added to execute more projects • Strengthening of In-house execution team with induction of engineers with strong technical knowledge • Investments in Machinery over the years to augment and upgrade the execution capabilities Strong Credit Rating • Long term bank
Slide 38: Strong Credit Rating
Strong Credit Rating Upgraded Reaffirmed Assigned ◼ PNC Infratech Ltd. Varanasi Kolkata Highway Package 6 Private Limited ◼ Prayagraj Kaushambi Highway Package 3 Pvt. Ltd. ◼ ✓ Long term bank facilities at CARE AA+; RNW ✓ Long term bank facilities at CARE A; Stable (Single ✓ CARE AA-; Positive (Doubl
Slide 39: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crs 1,732 1,609 1,317 1,341 1,330 FY23 FY24 FY25 FY26 Sep-26 Present Capex will enable us to achieve a Turnover of Rs. 8,000-10,000 Crs 38
Slide 40: Integrated Business Model
Integrated Business Model In-house Design & Engineering In-house Construction ◼ Controls the entire process from conceptualization to ◼ Ensuring timely completion of projects, reducing reliance on commissioning of a given project which helps in providing third parties and lowering costs. customized
Slide 41: Growth Strategies
Growth Strategies Diversification Strong Relationship Focused Approach Competitiveness • Leveraging Strong Project • Improve performance and • Maintaining Strategic • Continue to focus on our Execution track record to competitiveness of existing Alliances with companies Core EPC Strength & diversify
Slide 42: Thank You
PNC Infratech Limited THANK YOU Company: PNC Infratech Ltd Investor Relations: Strategic Growth Advisors (SGA) CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. Pankaj Agarwal - Vice President (F&A) Mr. Jigar Kavaiya - COO – IR Practice [email protected] [email protected] +91 9