Cemindia Projects Limited has uploaded the audio recording of its analyst and investor conference call to its official website, providing stakeholders with direct access to management’s commentary on its latest financial performance. The call was conducted on July 29, 2026, at 12:00 p.m., focusing on the unaudited financial results for the quarter ended June 30, 2026 (Q1FY27). This move ensures transparency and allows investors to review the detailed discussion surrounding the company’s operational and financial metrics for the period.

The disclosure was made in compliance with Regulation 30 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under these regulations, listed entities are required to make available audio or video recordings of their earnings calls to ensure equitable information dissemination among all investors. The company submitted this notice to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on July 29, 2026.

Key Details of the Disclosure

Rahul Neogi, Company Secretary at Cemindia Projects Limited, issued the communication to the exchanges. He confirmed that the audio file is accessible via the company’s website, ensuring that all shareholders and potential investors can listen to the management’s perspective on the quarterly results. The filing serves as a formal record of the company’s adherence to listing obligations regarding post-result disclosures.

What This Means for Investors

While the filing itself does not contain the financial figures, it directs investors to the primary source for qualitative insights into Q1FY27 performance. The availability of the audio recording allows analysts and retail investors to assess management’s tone, strategic outlook, and responses to specific queries raised during the session. This is particularly relevant for Cemindia Projects, formerly known as ITD Cementation India Limited, as it navigates its operational landscape in the infrastructure sector. Investors are advised to review the recording alongside the previously released financial statements to gain a comprehensive understanding of the company’s current standing.

Cemindia Projects delivered a robust first quarter of FY27, reporting a 5.6% year-on-year increase in consolidated revenue to ₹2,721 crore for the period ended June 30, 2026. The engineering and construction firm expanded its EBITDA margin to 10.5% from 10.1% in the prior year, driven by operational efficiency and stable execution across its diversified portfolio. Consolidated net profit rose 2.6% to ₹141 crore, while the company’s order book surged to a record high of ₹31,307 crore, bolstered by significant new contracts in data centers, water infrastructure, and urban transit.

The Board of Directors approved the unaudited financial results on July 28, 2026, in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Price Waterhouse Chartered Accountants LLP issued a limited review report, confirming adherence to Ind AS 34. Notably, credit rating agencies CareEdge Ratings and ICRA upgraded Cemindia’s rating to A+ with a stable outlook, citing strong operational scale, a diversified order book, and improved financial flexibility following favorable ownership changes.

Financial Performance Highlights

On a standalone basis, revenue stood at ₹2,654 crore, up from ₹2,576 crore in Q1FY26. Standalone net profit remained nearly flat at ₹138 crore. The company maintained a conservative balance sheet with consolidated net worth at ₹2,492 crore and net debt at ₹700 crore, resulting in a net debt-to-equity ratio of 0.28x.

Record Order Inflows and Sector Diversification

Cemindia secured ₹8,519 crore in new orders during the quarter, pushing its total pipeline to an all-time high. Major wins included:

• Construction of Morsagar Artificial Reservoir and Feeder in Rajasthan: ₹3,066 crore
• Various Data Centre works in Maharashtra: ₹2,337 crore
• Civil and Structural works at a steel plant in West Bengal: ₹1,398 crore
• Underground metro project in Delhi: ₹1,024 crore
• Civil work HVDC substation in Rajasthan: ₹553 crore

The order book is diversified across eight sectors, with Maritime Structures (23.2%), Urban Infrastructure/MRTS/Airports (20.7%), and Industrial Structures (17.0%) forming the largest shares. The client base is split between private entities (63%), PSUs (27%), and government bodies (10%), reducing concentration risk.

What the Numbers Show

The divergence between EBITDA growth (9.4%) and revenue growth (5.6%) signals improved cost management and pricing power. While employee benefits expenses rose to ₹242 crore from ₹203 crore, subcontracting costs remained stable relative to revenue, indicating effective control over direct project expenditures. The expansion in EBITDA margin reflects successful mix optimization, particularly in high-value segments like data centers and maritime structures.

Jayanta Basu, Managing Director, stated, “We are pleased to report another quarter of consistent operational and financial performance. During the quarter, we secured record order inflows, taking our order book to an all-time high and providing strong multi-year revenue visibility.” He emphasized the company’s positioning to capitalize on India’s infrastructure growth, supported by synergies with the Adani Group.

Execution milestones included the substantial completion of the Ganga Expressway Project in Uttar Pradesh and the West Container Terminal at Colombo port, Sri Lanka. The company also completed complex structural erections at a coke oven project in Gujarat, including quenching towers over 45 meters high.