Ganesh Infraworld reported a 103.4% year-on-year increase in net profit to ₹29.71 crore for the quarter ended June 30, 2026, driven by robust revenue growth and margin expansion in its water infrastructure segment. The Kolkata-based engineering, procurement, and construction (EPC) company saw revenue from operations surge by 109.7% to ₹378.77 crore, reflecting disciplined project execution across government programmes such as AMRUT and Namami Gange.

The company submitted the revised press release to the National Stock Exchange of India Limited on July 31, 2026, to correct an inadvertent typographical error in the original filing dated July 30, 2026. The revision did not alter any financial figures or disclosures. Beas Moitra, Company Secretary & Compliance Officer, signed the submission, confirming that the change was limited to text rectification.

Financial Performance

Ganesh Infraworld’s consolidated results for Q1FY27 show significant improvement across key metrics compared to Q1FY26. EBITDA rose by 189.5% to ₹59.72 crore, with the EBITDA margin expanding from 11.4% to 15.8%. The profit after tax (PAT) margin stood at 7.8%, slightly lower than the 8.1% recorded in the previous year’s corresponding quarter, despite the absolute profit doubling.

Segmental Breakdown

Water infrastructure emerged as the fastest-growing segment, contributing ₹118.27 crore to revenue. Mining Development Operations remained the largest contributor with ₹137.64 crore, followed by Civil & Electrical Infrastructure at ₹76.25 crore. Transportation added ₹40.76 crore, while Civic Utilities and Equipment Rental & Leasing contributed ₹5.64 crore and ₹0.21 crore, respectively.

Order Book and Recent Wins

As of June 30, 2026, the consolidated order book stood at ₹4,090.25 crore, comprising ₹2,700.55 crore from government clients and ₹1,389.70 crore from private entities. The standalone order book was valued at ₹1,536.70 crore.

Recent additions to the pipeline include:

• A ₹100 crore EPC sub-contract for river protection works on the Bikramshila–Katariyah New Line Rail Link, secured by subsidiary Tykoon Mines GK Limited in July 2026.
• A maiden ₹35.75 crore leasing order for the Equipment Leasing Division in April 2026, backed by a ₹70.56 crore investment in aerial work platforms.

What the Numbers Show

The divergence between EBITDA growth (189.5%) and revenue growth (109.7%) highlights a structural shift in Ganesh Infraworld’s business mix. The higher-margin Water Infrastructure segment, which includes water treatment and sewage projects under AMRUT and Namami Gange, is displacing lower-margin legacy civil works. This mix shift explains the expansion in EBITDA margins from 11.4% to 15.8%, even as PAT margins contracted slightly due to other operational costs or tax effects not detailed in the filing. The commencement of Mining Development Operations further diversifies earnings, reducing dependency on traditional civil infrastructure cycles.

Management Commentary

Vibhoar Agrawal, Chairman, Managing Director & CEO, attributed the performance to operational efficiencies and the successful integration of Kandoi Transport Limited, which enhanced logistics capabilities. He emphasized that the integrated business model, spanning mining, water, transportation, and civil infrastructure, positions the company for sustained growth in FY27.

Ganesh Infraworld has announced that its subsidiary, Tykoon Mines, has secured an EPC (Engineering, Procurement, and Construction) sub-contract worth approximately ₹100 Cr for the Bikramshila–Katariah Rail Link Project. This contract win represents a notable addition to the group's order book, underscoring its growing footprint in the railway infrastructure space.

Contract Details

The key details of the awarded sub-contract are summarised below:

Significance of the Order

The Bikramshila–Katariah Rail Link Project is a railway infrastructure development initiative, and the award of this EPC sub-contract to Tykoon Mines highlights the subsidiary's capability to participate in large-scale civil and rail construction works. The contract strengthens Ganesh Infraworld's consolidated order pipeline through its subsidiary operations.