Likhitha Infrastructure Responds to Stock Exchange Surveillance Queries on Price Movement

Likhitha infrastructure Limited has responded to surveillance queries from both major stock exchanges regarding significant price movements in its shares. The company submitted its clarification on April 03, 2026, addressing concerns raised by exchange surveillance departments.

Exchange Communications and Timeline

The company received surveillance letters from both exchanges on April 02, 2026. The National Stock Exchange issued query reference number NSE/CM/Surveillance/16642, while BSE Limited sent correspondence numbered L/SURV/ONL/PV/APJ/2026-2027/3492. Both exchanges sought explanations for the significant movement in the company's scrip price across trading platforms.

Exchange Details:	Information
NSE Reference:	NSE/CM/Surveillance/16642
BSE Reference:	L/SURV/ONL/PV/APJ/2026-2027/3492
Query Date:	April 02, 2026
Response Date:	April 03, 2026

Company's Official Response

Likhitha Infrastructure confirmed that it has maintained full compliance with disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that all material information and announcements have been disclosed within stipulated timelines, including any information that could potentially impact share price movements.

The infrastructure company categorically stated that no undisclosed events, information, or impending announcements exist that could influence its scrip's price performance. Company Secretary and Compliance Officer Pallavi Yerragonda, with membership number A70447, signed the response digitally on April 03, 2026.

Market-Driven Volatility Assessment

According to the company's submission, the recent price volatility is entirely market-driven rather than being attributed to any specific corporate developments or undisclosed material information. This clarification aims to address exchange concerns while maintaining transparency with regulatory authorities and market participants.

The company requested both exchanges to record its clarification and submission for their official records, completing the regulatory response process within the standard timeline framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.06%	+9.14%	+17.21%	-26.70%	-38.68%	-8.98%

Likhitha Infrastructure Limited has announced its financial results for the third quarter and nine months ended December 31, 2025, showing a decline in revenue and profitability compared to the previous year. The infrastructure company, which specializes in oil and gas pipeline projects, reported mixed performance across key financial metrics.

Q3FY26 Financial Performance

The company's quarterly results revealed a challenging period with revenue declining to Rs 111.40 crores in Q3FY26 from Rs 126.29 crores in Q3FY25, marking an 11.79% decrease. Profitability metrics showed more pronounced declines across all parameters.

Metric:	Q3FY26	Q3FY25	Change (%)
Revenue:	Rs 111.40 Cr	Rs 126.29 Cr	-11.79%
EBITDA:	Rs 14.83 Cr	Rs 24.55 Cr	-39.59%
PBT:	Rs 12.66 Cr	Rs 23.22 Cr	-45.48%
Net Profit:	Rs 9.43 Cr	Rs 17.28 Cr	-45.43%
EPS:	Rs 2.39	Rs 4.38	-45.43%

The EBITDA margin contracted to 13.22% in Q3FY26 from 19.24% in the corresponding quarter of the previous year, indicating pressure on operational efficiency.

Nine-Month Performance Analysis

The nine-month performance for FY26 showed similar trends with revenue decreasing by 10.08% to Rs 336.04 crores from Rs 376.72 crores in 9MFY25. Net profit for the nine-month period declined by 32.61% to Rs 34.87 crores compared to Rs 51.74 crores in the previous year.

Parameter:	9MFY26	9MFY25	Change (%)
Revenue:	Rs 336.04 Cr	Rs 376.72 Cr	-10.08%
EBITDA:	Rs 52.83 Cr	Rs 63.83 Cr	-17.23%
PBT:	Rs 46.98 Cr	Rs 69.41 Cr	-32.32%
Net Profit:	Rs 34.87 Cr	Rs 51.74 Cr	-32.61%
EPS:	Rs 8.84	-	-

Business Operations and Order Book

Despite the financial challenges, Likhitha Infrastructure maintains a robust order book of approximately Rs 925 crores as of December 31, 2025. The company operates across four main business segments:

City Gas Distribution Projects (CGD): Involves laying steel and MDPE pipelines for domestic, commercial, and industrial consumers
Cross Country Pipeline Projects (CCP): Laying pipelines with associated piping, civil, electrical, and instrumentation works
Operation & Maintenance Services (O&M): Providing skilled manpower and maintenance activities
Tankage: Construction of fuel depots including storage tanks and associated facilities

Geographic Presence and Client Base

The company maintains operations across 20 states and 2 union territories in India, with ongoing projects in 18 locations and completed projects in 4 additional states. Likhitha Infrastructure has also expanded internationally with a joint venture company in Saudi Arabia and a branch office in Abu Dhabi, UAE.

The company serves major oil and gas sector clients including GAIL, IndianOil, ONGC, Bharat Petroleum, Hindustan Petroleum, and various city gas distribution companies. Founded in 1998 and listed on BSE and NSE in 2020, the company has established itself as a significant player in India's oil and gas infrastructure development sector.