Likhitha Infrastructure Limited has secured a significant order worth ₹121.04 crore from Oil India Limited for coating refurbishment and associated works. The contract, dated May 28, 2026, pertains to the Pipeline Rehabilitation Project Phase-II-Spread 1 and Spread 2 in Assam. This development strengthens the company's order book in the infrastructure sector.

The project is classified as a domestic order and is expected to be executed over a period of three years. The total contract value includes Goods and Services Tax (GST) and is divided into two specific spreads. The first spread is valued at ₹65.41 crore, while the second spread accounts for ₹55.63 crore.

Order Details

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order is not a related party transaction and was conducted at arm's length. Furthermore, none of the promoters, promoter group, or group companies hold any interest in the entity awarding the contract.

The company stated that the order is a domestic engagement and does not involve any interest from the promoter group. This information was submitted by Pallavi Yerragonda, Company Secretary & Compliance Officer.

Likhitha Infrastructure Limited reported a sharp decline in its financial performance for the fourth quarter ended March 31, 2026, with net profit falling 71% year-on-year to ₹5.15 crore. Revenue from operations decreased to ₹120.69 crore from ₹135.50 crore in the corresponding quarter of the previous year. The board approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026.

Q4 Financial Performance

The company's profitability metrics contracted significantly during the quarter. Net profit for the period stood at ₹5.15 crore, compared to ₹17.63 crore in Q4FY25. EBITDA dropped to ₹8.70 crore from ₹24.01 crore, while the EBITDA margin narrowed to 7.20% from 17.74%.

On a consolidated basis, the company reported a net profit of ₹4.09 crore for the quarter, down from ₹17.56 crore in the same period last year. Total revenue remained flat at ₹120.69 crore. The auditors, NSVR & Associates LLP, issued an unmodified opinion on the standalone and consolidated financial results.

Board Appointments

During the board meeting, the directors re-appointed M/s. Mukul Tyagi & Associates, Chartered Accountants, as the Internal Auditors for FY 2026-27. Additionally, the board appointed M/s. HLB HAMT Management Consultancy LLC as the Branch Auditor for the Abu Dhabi branch for FY 2026-27, in accordance with the laws of the United Arab Emirates.