Desco Infratech Limited has filed its investor presentation and transcript for the year ended 31 March 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The infrastructure and energy services company, established in 2011 and listed on the BSE SME platform, reported strong operational performance across its business segments, demonstrating significant growth in revenue and profitability during FY 2025-26, driven by robust execution capabilities and strategic expansion initiatives. Management expressed optimism regarding future growth, citing increasing infrastructure spending and opportunities in the utility and energy sectors.
Financial Performance
The company's financial performance showed substantial improvement year-on-year. Revenue from operations reached ₹11,879.26 Lacs compared to ₹5,961.08 Lacs in the previous fiscal year, representing a 99.28% increase. EBIT stood at ₹2,343.48 Lacs, growing 76.30% from ₹1,329.27 Lacs in FY 2024-25. Profit after tax increased 80.87% to ₹1,638.12 Lacs from ₹905.71 Lacs in the preceding year. Net worth improved to ₹7,084.56 Lacs from ₹5,887.82 Lacs, while the debt-to-equity ratio remained stable at 0.20. Earnings per share (EPS) rose to ₹21.34 from ₹16.05 in the previous year, reflecting a 33% improvement.
The following table summarises the key financial metrics for the period:
| Particulars: |
FY 2025-26 (In Lacs) |
FY 2024-25 (In Lacs) |
% Change YoY |
| Revenue from Operations: |
11,879.26 |
5,961.08 |
+99.28% |
| EBIT: |
2,343.48 |
1,329.27 |
+76.30% |
| Profit After Tax: |
1,638.12 |
905.71 |
+80.87% |
| Net Worth: |
7,084.56 |
5,887.82 |
+20.32% |
| Debt-to-Equity (Ratio): |
0.20 |
0.19 |
- |
| EPS (₹): |
21.34 |
16.05 |
+33% |
Operational Milestones
During FY 2025-26, the company achieved significant operational milestones across its core City Gas Distribution (CGD) business and new verticals. Total PE Line Commissioned increased to 5,75,248 meters from 5,66,740 meters in the previous year. The Number of Meters Installed witnessed robust growth of approximately 15.04%, increasing from 43,489 installations to 50,031 installations. Operations & Maintenance (O&M) Activities more than doubled during the year, rising from 11 projects to 23 projects, registering a growth of over 109%. AMC Services Executed increased significantly by around 49.22%, rising from 1,52,923 activities to 2,28,197 activities.
Segmental Performance and Margin Outlook
The City Gas Distribution (CGD) segment emerged as the key growth driver, while the Power and Renewable EPC segment contributed meaningfully to overall revenues. The CGD segment delivered a higher PAT margin compared to the Power and Renewable EPC segment. Management stated that margins are sustainable at current levels, with CGD maintaining a consistent PAT margin of 15.3% and the Power and Solar EPC segment operating at around 9.5% to 10%. The company noted that overall PAT margin moderation is attributable to the expansion into the Power and Renewable EPC segment, which operates at relatively lower margins compared to the CGD business.
The table below presents the segmental breakdown of key financial metrics (figures in Lacs):
| Particulars: |
CGD |
Power and Renewable EPC |
Total |
| Revenue: |
8,324.04 |
3,537.22 |
11,861.26 |
| PBIT: |
1,851.57 |
473.10 |
- |
| PAT: |
1,284.24 |
353.88 |
1,638.12 |
| PAT Margin: |
15.42% |
10.01% |
13.81% |
Expansion into New Business Segments
In line with its long-term growth strategy, Desco Infratech Limited diversified into multiple new infrastructure and energy-related verticals during FY 2025-26. The company successfully executed projects in Steel Laying Works (3,354.66 meters), DP Structure Installations (27 structures), Household Connections under JJM (1,786 connections), DI Pipe Laying under JJM (4,200 meters), Power Cable Works under KP Group (9,150 meters), and Solar EPC Projects under KP Group (27.55 MW capacity). Solar EPC projects scaled from 0 MW in FY 2024-25 to 27.55 MW, reflecting the company's rapid ramp-up in the renewable energy segment.
Strategic Acquisitions and Future Guidance
During the year, the company undertook several strategic initiatives to strengthen its growth platform. It completed the acquisition of a 75% stake in Shri Green Agro Energies Private Limited (SGAEPL), an operational Compressed Bio Gas (CBG) asset. The company also incorporated Desco Bio Green Private Limited in September 2025, focused on CBG production and distribution. Management confirmed that the CBG plant is expected to commission in the first quarter of FY27, with an initial capacity of 2 tons per day and plans to expand to 15-20 tons per day over the next 18 months. Additionally, Desco Global FZ-LLC was incorporated in March 2026 as a wholly owned subsidiary at Ras Al Khaimah Economic Zone (RAKEZ), UAE, to support international expansion.
Order Book and Growth Strategy
The company's order book stands at ₹345+ Crores with a tender pipeline of ₹650 Crores and a 30-40% conversion ratio, providing strong execution visibility over the next 18-24 months. Desco Infratech's growth strategy is centred on expanding its CGD infrastructure projects, scaling up in the power and transmission segment, and entering new geographies. The company has set a vision to achieve ₹1,000 Crores in revenue by 2030, positioning itself as a scalable infrastructure platform aligned with India's energy transition. Management guided for a conservative 70-80% year-on-year revenue growth for the coming year.