Univastu India revenue surges 174% in Q4FY26 to ₹109.44 crore
Univastu India reported Q4FY26 revenue of ₹109.44 crore, a 174.23% YoY increase, with PAT at ₹10.33 crore. Full-year FY26 revenue reached ₹243.35 crore, and PAT stood at ₹25.69 crore. The order book stands at ₹1,854 crore, with a target of ₹1,000 crore in new orders for the current year.
*this image is generated using AI for illustrative purposes only.
Univastu India reported a 174.23% year-on-year surge in revenue from operations to ₹109.44 crore for the quarter ended March 31, 2026, driven by the execution of large infrastructure projects. Profit after tax (PAT) for Q4FY26 stood at ₹10.33 crore, reflecting a PAT margin of 9.44%, while earnings per share for the quarter was ₹2.84. For the full year FY26, revenue grew 42.16% to ₹243.35 crore, with PAT increasing to ₹25.69 crore and an EPS of ₹6.48.
Financial Performance
The company’s EBITDA for Q4FY26 was ₹15.26 crore, with a margin of 13.94%. For the full year FY26, EBITDA was ₹14.61 crore, with a margin of 17.10%. Management noted that the Q4 EBITDA margin was slightly lower due to initial setup costs for newly mobilized sites, which are expected to normalize. Finance costs for the full year dropped by 6.59%, attributed to tight fund management and timely recovery of dues.
| Metric | Q4FY26 | FY26 |
|---|---|---|
| Revenue from Operations (₹ crore) | 109.44 | 243.35 |
| YoY Growth (%) | 174.23 | 42.16 |
| EBITDA (₹ crore) | 15.26 | 14.61 |
| EBITDA Margin (%) | 13.94 | 17.10 |
| Profit After Tax (₹ crore) | 10.33 | 25.69 |
| PAT Margin (%) | 9.44 | 10.56 |
| Earnings Per Share (₹) | 2.84 | 6.48 |
Order Book and Outlook
Univastu India’s order book stands at ₹1,854 crore as of March 26, 2026, representing a book-to-bill ratio of 2 times and providing revenue visibility for the next 2 to 3 years. The order book is spread across Maharashtra, Uttar Pradesh, Gujarat, and Haryana. Q4FY26 alone saw fresh orders worth ₹1,317 crore from major clients including MMRDA, Metro Line 6, and L&T Metro Line 4. Management targets a new order pipeline of a minimum ₹1,000 crore for the current financial year.
Operational Highlights
The company is transitioning from a brick-and-mortar civil contractor to a tech-driven infrastructure entity, leveraging its Class 1A unlimited license to bid for large government tenders. Strategic acquisitions and partnerships include Bootes Infra LLP for net-zero projects and a tie-up with Myrtha Pools Italy for premium sports infrastructure. The company is also foraying into niche areas like Metro BMS, tunnel ventilation, and data centers. Management stated that all contracts include escalation clauses to mitigate raw material inflation risks and targets an EBITDA margin of 17% to 18% for FY27 and FY28.
Historical Stock Returns for Univastu
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.39% | +6.31% | +28.87% | +83.21% | +34.20% | +585.71% |
How will the transition into niche areas like data centers and tunnel ventilation impact the company's risk profile and capital expenditure requirements?
Can the strategic partnership with Myrtha Pools Italy and the acquisition of Bootes Infra LLP be scaled effectively to contribute significantly to FY27 revenue?
What specific measures are being implemented to ensure the EBITDA margin normalizes to the targeted 17-18% range as new site setup costs subside?
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