Interarch Building Solutions announced its audited financial results for the quarter and year ended March 31, 2026, reporting a milestone performance with its highest-ever revenue and profitability. The company's Profit After Tax (PAT) for FY26 grew 24.8% year-on-year to INR 135 Cr., while revenue from operations rose 30.6% to INR 1,898 Cr. from INR 1,453 Cr. in FY25. The Board of Directors has recommended a final dividend of INR 12.50 per equity share of face value INR 10 each for FY26, subject to shareholders' approval. The audited results were approved by the Board of Directors at their meeting held on May 13, 2026.

Financial Performance Overview

The company delivered strong growth across key financial metrics for both the full year and the quarter ended March 31, 2026. The following table summarizes the consolidated financial performance:

For Q4FY26, net revenue increased 8.7% YoY to INR 504 Cr., while EBITDA (excluding other income) rose 8.1% YoY to INR 53 Cr. PAT for the quarter stood at INR 37 Cr., reflecting a marginal decline of 5.4% YoY compared to INR 39 Cr. in Q4FY25. For the full year FY26, EBITDA (excluding other income) grew 29.4% to INR 176 Cr. from INR 136 Cr. in FY25, with an EBITDA margin of 9.3%. The statutory auditors, M/s S. R. Batliboi & Co. LLP, issued an unmodified opinion on the audited financial results.

Order Book and Capacity Expansion

The company's total order book as of April 30, 2026 stood at INR 1,703 Cr., supported by a healthy and diversified order pipeline. During FY26, Interarch Building Solutions invested over INR 127 crores towards capacity expansion across its Andhra Pradesh, Kiccha, and Gujarat facilities. The company acquired land adjacent to its Andhra Pradesh facility to expand into heavy steel structures and also acquired land in Gujarat for a new Pre-Engineered Building (PEB) manufacturing facility located within a major industrial cluster, targeting sectors such as electric vehicles and semiconductors. Construction activities at both facilities are progressing, with the company targeting commissioning of both plants by Q2FY27.

Export Initiatives and Strategic Partnerships

Interarch Building Solutions successfully secured export certifications for Canada and the USA, with export orders worth over INR 40 crores received during FY26. The company entered into a Memorandum of Understanding (MoU) with ER Steel, Canada, for strategic collaboration in the structural steel and pre-engineered buildings business across Canada and North America. Additionally, the company approved an MoU for the exploration and development of the Open Web Steel Joists (OWSJ) business, with a proposed 50:50 equity participation in a joint venture entity, subject to feasibility studies.

Management Commentary

Commenting on the performance, Mr. Arvind Nanda, Managing Director, Interarch Building Solutions Ltd., said, "FY26 marked a milestone year for the Company, as we delivered our highest-ever performance, supported by improving private sector capex trends in India. Private investments re-emerged as the key driver of the capital expenditure cycle during the year, contributing over 70% of new project investments across the country, creating strong momentum across our core end markets. Our order book remains strong at INR 1,703 Cr., supported by a healthy and diversified order pipeline, providing strong visibility for sustained growth in the coming quarters. The Company remains confident in its growth outlook, supported by a robust order pipeline, strong customer relationships, a net cash positive balance sheet, disciplined working capital management, and healthy cash flows."

Corporate Governance Updates

In its board meeting held on May 13, 2026, the company approved the re-appointment of M/s BDO India LLP as Internal Auditors and M/s JSN & Co. as Cost Auditors for the financial year 2026-27. The statutory auditors, M/s S. R. Batliboi & Co. LLP, issued an unmodified opinion on the audited financial results.

Source: None/Company/INE00M901018/dce06c39-ddc1-4362-a8be-f3d684672c8b.pdf

Interarch Building Solutions Limited has announced the signing of a Memorandum of Understanding (MoU) with ER Steel Inc., Canada, to jointly explore and develop the Structural Steel and Pre-Engineered Building (PEB/PEMB) business across Canada and North America. The board of directors unanimously approved the strategic collaboration at its meeting held on May 13, 2026. The proposed partnership aims to establish a structured framework for jointly pursuing business opportunities, strengthening market penetration, and expanding the company's presence in the North American steel buildings sector.

Strategic Partnership Details

Under the proposed arrangement, Interarch will leverage its engineering, manufacturing, and supply capabilities from India, while ER Steel Inc. will support market development, customer relationships, local execution support, and sales and marketing activities in Canada and North America. The parties intend to operate through flexible engagement models, including ER Steel-led and Interarch direct support structures, depending upon project opportunities. Both parties have agreed to maintain transparency, align operational approaches, and avoid duplication of efforts and market conflict. The parties also intend to avoid direct competition in sensitive sectors, including mining and related industries, and coordinate business development activities for sustained mutual growth.

About ER Steel Inc.

ER Steel Inc. is a Canada-based structural and pre-engineered steel buildings company engaged in the design, engineering, fabrication, and delivery of structural steel and pre-engineered steel buildings in North America. The company's established local market presence, execution capability, and customer relationships in the region are expected to complement Interarch's engineering and manufacturing capabilities in India.

Business Rationale

The collaboration is expected to strengthen Interarch's market penetration and long-term growth strategy in Canada and North America by leveraging ER Steel's local market access, execution capability, and customer relationships. The arrangement is expected to support scalable export growth in structural steel and PEB/PEMB business and create a stronger platform for North American business expansion. Any pricing structure, sales commission arrangement, or commercial understanding shall be mutually agreed upon based on the respective role of each party, project contribution, and source of customer acquisition. The MoU is non-binding except for confidentiality, dispute resolution, and other specifically binding clauses.