Cemindia Projects Limited delivered a landmark performance in FY26, crossing the ₹10,000 crore revenue milestone for the first time in its history. The company's Q4 FY26 earnings conference call, held on April 30, 2026, featured Managing Director Mr. Jayanta Basu and Accounts Head Mr. Kamlesh Vishwakarma, who presented strong financial results alongside a robust order book and strategic growth outlook.

Q4 FY26 Financial Performance

The fourth quarter results demonstrated exceptional profitability improvement across all key metrics. EBITDA margin expanded significantly year-on-year, driven by successful project completions, claim realizations, and effective cost management.

Management clarified that Q4 margins were elevated due to one-time items, including approximately ₹100 crore in claim realizations during the quarter and provision reversals related to completed metro projects. The sustainable EBITDA margin going forward is guided at 10% to 10.50%, excluding such one-time items.

Full-Year FY26 Financial Highlights

For the full year FY26, Cemindia Projects reported broad-based growth across revenue, profitability, and margins, reflecting consistent operational execution throughout the year.

Mr. Basu highlighted the significance of crossing the ₹10,000 crore revenue mark, noting that profit before tax stood at 8% and PAT at 6% for the full year — metrics he described as "quite healthy numbers."

Order Book and Pipeline

Cemindia Projects reported a strong order book position with significant new order wins during FY26. The company secured approximately ₹14,000 crore of orders during the year, and including an L1 position of ₹1,600 crore and an order secured in April worth ₹3,200 crore, the total order wins stand at approximately ₹19,000 crore — nearly three times the ₹7,000 crore typically secured in previous years.

Key projects secured include Kolkata Metro underground, Pune underground metro, Delhi underground metro, a port project for JSW, an overseas job in Abu Dhabi, and a road-cum-elevated corridor project in Bihar. The company also noted completion of signature projects including Udangudi (100% commissioned), Bangalore Metro, and Mumbai Metro underground during the year.

Segment Outlook and Strategic Priorities

Management identified tunneling (including underground metro, road tunnels, and large-diameter tunnels) and roads and highways as the two primary growth segments, each representing a market opportunity of over ₹1 lakh crore. The company has also entered the data center construction segment, having secured approximately ₹3,000 crore in orders from the Adani Group.

On the Vadhvan Port project, Mr. Basu noted that execution has been delayed due to local issues beyond the company's control, though the breakwater and dredging/reclamation tenders are already in the market for future phases. The Chennai Metro project, with approximately 40% of work still remaining, is expected to be completed by end of 2027 or early 2028.

Regarding TBMs, the company confirmed no idle machines currently, with new TBMs being procured for Pune Metro and Delhi Metro. For large-diameter tunnel projects, additional large-diameter TBMs would need to be acquired.

FY27 Guidance and Capital Expenditure

Management provided the following forward-looking parameters for FY27 based on current visibility:

The FY26 capex stood at ₹260 crore. On fundraising, management confirmed there are no current plans, stating the company is adequately funded. A dividend, which was not declared with the results, was indicated to be forthcoming "within a few weeks," per management's comments during the call.

On commodity inflation risks, Mr. Basu noted that approximately 30% of contracts have star-price (full pass-through) arrangements, while around 80% of jobs overall carry some form of escalation clause protection against normal inflation. He acknowledged that abnormal commodity price increases — such as those driven by geopolitical factors — could have some margin impact, though new project bids would factor in these additional risks.

Cemindia Projects Limited has issued a formal newspaper publication announcing a special window for re-lodgement of transfer and dematerialisation of physical shares, demonstrating the company's commitment to regulatory compliance and shareholder service enhancement.

Regulatory Compliance Communication

The company published the notice on 16th April, 2026, through both Financial Express and Mumbai Lakshdeep newspapers. Company Secretary Rahul Neogi signed the communication, which was addressed to both BSE Limited and National Stock Exchange of India Limited as part of mandatory disclosure requirements under Regulation 30.

Share Transfer Initiative

The special window initiative addresses the needs of shareholders holding physical share certificates who wish to transfer or dematerialise their holdings. This facility provides an opportunity for investors to convert their physical shares into electronic form, which offers enhanced security and easier transferability.

The announcement follows regulatory guidelines that encourage dematerialisation of physical shares to reduce risks associated with physical certificates and streamline the transfer process. Shareholders can utilise this window to complete pending transfer requests and convert their holdings to dematerialised form.

Company Information

Cemindia Projects Limited, formerly known as ITD Cementation India Limited, operates under CIN L61000MH1978PLC020435. The company maintains its registered office at Plot No. 82, Sector-18, Vashi, Navi Mumbai - 400 703, Maharashtra.

Communication Process

The formal communication was digitally signed by Rahul Neogi on 16th April, 2026, at 15:35:50 +05'30'. The company has provided direct contact details for shareholders requiring assistance, including a dedicated phone line (91 22 67680814) and email address for corporate services.

This proactive approach demonstrates the company's focus on maintaining transparent communication with stakeholders and ensuring compliance with stock exchange requirements. The newspaper publication serves as an official notification to all shareholders about the availability of this special facility for share transfer and dematerialisation processes.