Artefact Projects wins Rs 2.93 Cr NHAI order for supervision consultancy

Artefact Projects Ltd has secured a supervision consultancy order worth Rs 2.93 Cr from the National Highways Authority of India (NHAI). The project entails supervision services during the operation and maintenance stage of a 4-lane road section on NH-149B in Chhattisgarh. The contract duration is set for 38 months, and the fees are exclusive of GST.

The company received the letter of award for the project, which covers the Champa-Korba Katghora section from design chainage 0.000 to 38.200 (Pkg-I). Artefact Projects Ltd is executing this project in association with M/s KCS Engineering Private Limited. The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Project Details

The following table outlines the key particulars of the order as per the regulatory disclosure:

Sr. No.	Particulars	Details
1	Name of the entity awarding order(s)/contract(s)	National Highways Authority of India
2	Whether order(s) / contract(s) is awarded to domestic/ international entity	Domestic
3	Significant terms and conditions of order(s)/contract(s) awarded, in brief	Supervision Consultancy
4	Time period, if any, associated with the order(s)/contract(s)	38 Months
5	Broad commercial consideration or size of the order(s)/contract(s)	Rs. 2,93,05,000/-
6	Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded?	No
7	Whether the same would fall within related party transactions?	No

The company confirmed that there are no interests from the promoter group in the awarding entity, nor does the transaction qualify as a related party transaction.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE885B01014/7a5190e4-3d3e-4ab5-813e-3006e889f9a9.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.67%	+3.67%	-1.75%	-8.91%	-24.93%	+53.40%

Artefact Projects Limited reported a 29.7% decline in net profit to ₹522.61 crore for the financial year ended March 31, 2026, down from ₹743.03 crore in the previous year. Revenue from operations rose 7.3% to ₹3,225.18 crore for FY26, compared to ₹3,004.62 crore in FY25. The company’s total income from operations for the year stood at ₹3,614.04 crore.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. Naresh Patadia & Co., Chartered Accountants, issued an unmodified audit opinion on the results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the extract of these audited financial results was published in the Indian Express (Nagpur Edition) and Loksatta (Nagpur Edition) on May 28, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹86.14 crore, a significant decrease from ₹580.09 crore in the same quarter of the previous year. Revenue from operations for Q4FY26 was ₹1,432.55 crore, higher than ₹1,274.23 crore in Q4FY25. Total expenses for the quarter increased to ₹1,368.70 crore from ₹796.73 crore in the prior-year quarter.

Key Financial Metrics

Metric	FY26	FY25	Change (%)
Revenue from Operations	₹3,225.18 crore	₹3,004.62 crore	+7.3%
Net Profit	₹522.61 crore	₹743.03 crore	-29.7%
Total Expenses	₹2,929.00 crore	₹2,552.78 crore	+14.7%
Basic EPS	₹7.29	₹10.23	-28.7%

The company’s profit before tax for FY26 stood at ₹681.12 crore, down from ₹853.66 crore in the previous year. Exceptional items for the year were reported at a net loss of ₹3.93 crore, compared to a net gain of ₹14.18 crore in FY25.

Balance Sheet and Cash Flow

Total assets as of March 31, 2026, stood at ₹11,449.51 crore, an increase from ₹10,255.77 crore in the previous year. Equity share capital remained unchanged at ₹727.50 crore. The company reported other equity of ₹6,334.05 crore, up from ₹5,840.09 crore in FY25.

Cash and cash equivalents at the end of FY26 were ₹21.24 crore, compared to ₹12.73 crore at the end of the previous year. Net cash generated from operating activities was negative at ₹29.29 crore, while investing activities provided a net inflow of ₹143.08 crore.

The trading window will remain closed for 48 hours from the publication of the audited financial results. The financial results were prepared in accordance with Indian Accounting Standard (IND-AS) 34.