E To E Transportation FY26 revenue rises 51% to INR380 crores

E To E Transportation Infrastructure Limited reported a 51% year-on-year increase in consolidated revenue to INR380 crores for the financial year ended March 31, 2026. The company posted a Profit After Tax (PAT) of INR17.9 crores and an adjusted EBITDA of INR39.5 crores. The earnings were discussed during an analyst and institutional investor meet held on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company achieved a revenue CAGR of approximately 41% over the last four years. Management attributed the growth to a balanced business mix across B2G and B2B segments. The adjusted debt-equity ratio stood at 0.68, while the Return on Capital Employed (ROCE) was around 17%.

Metric	Value
Consolidated Revenue	INR380 crores
Adjusted EBITDA	INR39.5 crores
Profit After Tax (PAT)	INR17.9 crores
Adjusted Debt-Equity Ratio	0.68
ROCE	17%

Order Book and Outlook

The executable order book, including L1 positions, stands at approximately INR860 crores plus GST, exceeding INR1,000 crores including GST. In the first 45 days of FY27, the company secured new orders worth around INR350 crores. Management targets new order inflows of INR1,000 crores for FY27 and aims to maintain a growth CAGR of 45% to 50%.

Strategic Developments

Subsidiary NOVA Control Tecnologix received CCA approval from RDSO for Kavach development on May 15, 2026. The company plans to invest INR15 crores in NOVA during FY27. Management expects field trial orders for Kavach by the end of H1 FY27, with revenue realization projected to begin in Q1 FY28. The company targets 5% to 6% of revenue from Operations and Maintenance (O&M) business by the end of FY27.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.73%	-6.73%	-10.60%	-17.77%	-17.77%	-17.77%

E To E Transportation Infrastructure Limited has secured a significant Engineering, Procurement, and Construction (EPC) contract worth ₹2,16,40,00,498.37 from South Central Railway. The project, awarded through competitive bidding, entails the tripling of tracks between Srikalahasti and Renigunta stations in Andhra Pradesh, encompassing electrification, signalling, telecommunication works, and power system augmentation. The order is to be executed through a joint venture, JSR ETIL JV, within a period of 24 months from the Letter of Acceptance date of May 26, 2026.

The scope of work includes the tripling of the Gudur-Renigunta section within the Guntakal division. This involves the augmentation of 1X25kv TSS/SP/SSP to suit the three-line configuration. The contract was awarded by a domestic government entity and is not a related party transaction, being conducted at arm's length.

Contract Details

The agreement stipulates specific financial and performance obligations. A performance guarantee equivalent to 5% of the contract value, amounting to ₹10,82,00,024.92, must be submitted within 30 days. The entire project value is approximately ₹216.40 crore, excluding the paise component.

Particulars	Details
Client	South Central Railway
Contract Value	₹2,16,40,00,498.37
Performance Guarantee	₹10,82,00,024.92 (5% of contract value)
Execution Period	24 months
Nature of Entity	Domestic Government

The disclosure was made to the National Stock Exchange of India Ltd. (NSE Emerge) on May 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Srilakshmi Surendran, the Company Secretary and Compliance Officer, confirmed that the promoters and group companies hold no interest in the awarding entity, South Central Railway, which operates under the Ministry of Railways.