RPP Infra secures ₹2470.14 crore orders in FY26, profit falls
RPP Infra Projects announced an investor presentation for FY26, revealing a strong order inflow of ₹2470.14 crore across 11 new projects, which increased the total order book to ₹3750.83 crore. However, the company faced a severe profitability crunch, with PAT dropping 88.10% to ₹7.79 crore on a revenue of ₹1478.77 crore, driven by higher operating costs and a shift towards lower-margin subcontracted work. Management expects profitability to recover in the coming quarters as new projects gain momentum.

*this image is generated using AI for illustrative purposes only.
RPP Infra Projects has announced its investor presentation for the quarter and year ended March 31, 2026, highlighting a robust order intake alongside a significant decline in profitability. The company secured 11 new projects worth ₹2470.14 crores in India during the period up to March 2026. Consequently, the current order book stands at 39 projects with an outstanding execution value of ₹3750.83 crores. Despite the strong order inflow, the company reported a sharp decline in profit margins for the financial year, primarily attributed to a shift in project execution models and rising input costs.
For FY 25-26, RPP Infra Projects recorded a revenue of ₹1478.77 crores, a marginal increase of 3.30% compared to the previous year. However, the bottom line contracted significantly as Profit After Tax (PAT) fell by 88.10% to ₹7.79 crores. The company attributed this decline to a substantial shift in revenue mix from own-executed projects to back-to-back subcontracted projects, the completion phase of major older projects, and initial-stage investments for new awards.
Financial Performance
The standalone financial results for FY26 highlight pressure on margins across key operational metrics. Operating costs rose by 11.57%, outpacing revenue growth and leading to a contraction in gross profit. The table below summarises the key financial highlights:
| Key Highlights (Standalone) | FY 25-26 | FY 24-25 | Variance |
|---|---|---|---|
| Revenue | ₹1478.77 crores | ₹1431.55 crores | +3.30% |
| Operating Cost | ₹1370.55 crores | ₹1228.22 crores | +11.57% |
| Gross Profit | ₹108.42 crores | ₹203.33 crores | -46.68% |
| EBDITA | ₹34.93 crores | ₹107.08 crores | -67.38% |
| PAT | ₹7.79 crores | ₹65.47 crores | -88.10% |
Management noted that revenue from subcontract work increased rapidly during the current period, while revenue from self-executed works reduced as projects, including those with Bharat Heavy Electricals Limited, are in the initial stage. Preliminary site establishment costs have been incurred for these new projects, but they are not yet contributing meaningful revenue. Additionally, significant increases in material, fuel, transportation, and labour costs further impacted profitability.
Operational Outlook
Despite the current profitability squeeze, the company remains optimistic about its execution capabilities. Management is actively training and recruiting skilled manpower to ensure quality and timely delivery. RPP Infra Projects expects profit levels to improve in the next quarter, with significant revenue contribution anticipated only from Q2 of the next financial year as projects move past their initial stages.
Auditor's Review
M/s. KRSG Associates, Statutory Auditors, audited and reviewed the standalone and consolidated financial results along with 17 joint venture operations for the year ended March 31, 2026. The review confirmed that there are no negative or adverse remarks against the company's financial results.
Historical Stock Returns for RPP Infra Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.04% | -0.74% | +2.68% | -32.17% | -52.13% | +24.97% |
What specific measures is RPP Infra taking to mitigate rising input costs and stabilize margins?
How will the shift back to self-executed projects impact the company's profitability in the upcoming quarters?
What is the expected timeline for the new Bharat Heavy Electricals Limited projects to contribute meaningful revenue?































