Infra Industries revenue up 89% in FY26; net loss narrows to ₹170.53 lakh
- Revenue from operations surged 89.5% YoY to ₹233.03 lakh in FY26
- Net loss narrowed to ₹170.53 lakh from ₹216.66 lakh in the previous year
- 37th AGM scheduled for September 24, 2026, via video conferencing
- Shareholders to approve MOA alterations for logistics and supply chain expansion
- Re-appointment of CFO Sanjay Kumar Jain and two new non-executive directors

*this image is generated using AI for illustrative purposes only.
Infra Industries Limited reported a significant turnaround in its financial performance for FY26, with revenue from operations surging nearly 90% year-on-year. The company’s net loss narrowed substantially as operational efficiency improved amidst rising sales in the water tank segment.
The 37th Annual General Meeting (AGM) is scheduled for September 24, 2026, via video conferencing. Shareholders on record as of September 24, 2026, will be eligible to vote. The notice includes resolutions for adopting audited financials, appointing directors, and altering the Memorandum of Association.
Financial Performance
Revenue from operations grew by ₹110.07 lakh to ₹233.03 lakh in FY26, compared to ₹122.96 lakh in FY25. This growth was driven primarily by increased sales of water tanks, which contributed ₹232.81 lakh to total revenue.
Despite higher revenues, the company incurred a net loss of ₹170.53 lakh for the year ended March 31, 2026, a reduction from the ₹216.66 lakh loss reported in FY25. Total expenses rose to ₹404.97 lakh from ₹341.73 lakh, largely due to higher raw material consumption and employee benefit expenses.
| Metric | FY26 (₹ lakh) | FY25 (₹ lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 233.03 | 122.96 | +89.5% |
| Total Expenses | 404.97 | 341.73 | +18.5% |
| Net Loss | (170.53) | (216.66) | -21.3% |
| EBITDA Margin | -33.1% | -108.9% | Improved |
Finance costs increased to ₹65.22 lakh from ₹53.40 lakh, reflecting higher interest on term loans. Depreciation and amortization expenses remained relatively stable at ₹27.86 lakh. Other income declined slightly to ₹1.45 lakh from ₹1.88 lakh.
Corporate Governance and Board Changes
The Board of Directors recommended the re-appointment of Mr. Sanjay Kumar Jain as Whole-Time Director and CFO. Additionally, shareholders are sought to approve the appointment of Mr. Avesh Dhelawat and Mr. Manish Badamilal Jain as Non-Executive Directors.
Mr. Jain retires by rotation at the upcoming AGM and has offered himself for re-appointment. His remuneration for FY27 is proposed at ₹21.00 lakh per annum. Both Mr. Dhelawat and Mr. Jain were appointed as Additional Directors in May 2026 and are now seeking formal shareholder approval.
Strategic Resolutions
A key special resolution seeks approval for the alteration of the Main Object clause in the Memorandum of Association. The proposed changes aim to broaden the company’s business scope to include logistics, transportation, freight forwarding, and supply chain management services. This expansion is intended to diversify revenue streams beyond its core plastic manufacturing operations.
Another resolution proposes the adoption of a new set of Articles of Association aligned with the Companies Act, 2013. The company also plans to appoint M/s Deep Shukla & Associates as Secretarial Auditors for a five-year term, replacing the previous firm.
What the Numbers Show
The divergence between revenue growth and expense inflation highlights ongoing margin pressure. While revenue nearly doubled, operating expenses rose by only 18%, indicating improved operational leverage. However, finance costs continue to weigh heavily on profitability, constituting approximately 38% of total expenses. The narrowing net loss suggests that scale economies are beginning to offset fixed cost burdens, though the company remains unprofitable.
How will the proposed expansion into logistics and supply chain management impact Infra Industries' capital expenditure requirements and debt servicing capacity?
Given that finance costs constitute nearly 38% of total expenses, what specific strategies is the company employing to reduce interest burdens or refinance existing term loans?
Will the diversification away from core plastic manufacturing expose the company to new regulatory or operational risks in the logistics sector?
































