Univastu India Limited, through a joint venture with Bootes Infrastructure Limited, has secured a Letter of Award from the Aligarh Development Authority to develop prime land in Aligarh, Uttar Pradesh. The project, valued with a minimum guaranteed revenue of ₹90 crore, will be executed under a Public Private Partnership (PPP) model on a revenue-sharing basis. This development marks a significant expansion for Univastu India Limited in the infrastructure sector, leveraging a land monetization framework to generate value over a 96-month concession period.

The joint venture entity, in which Univastu India Limited holds a 49% stake, will implement the project titled 'Selection of Private Partner for Development of Prime ADA's Land Near Soot Mill Circle, Baroula Jafrabad, Aligarh.' The total land area earmarked for development measures approximately 25,091 sq. mtrs. The project structure requires the formation of a Special Purpose Vehicle (SPV) to manage the obligations and revenue sharing mechanisms outlined in the Joint Development Agreement (JDA).

Financial commitments for the project include a Minimum Guaranteed Revenue (MGR) of ₹90 crore payable to the Aligarh Development Authority. The SPV is obligated to pay either the MGR or the revenue share calculated based on the quoted percentage, whichever is higher, as per the payment schedule. Additionally, prior to the execution of the JDA, the SPV must furnish a Performance Bank Guarantee of ₹5 crore to the authority to secure the due performance of contractual obligations.

The project will be executed over a concession period of 96 months, encompassing construction, sales, and operation & maintenance phases. The revenue share payable to the Aligarh Development Authority will be determined in accordance with the bid submitted by the developer and the specific terms of the JDA. The order was awarded by a domestic entity, and the company confirmed that the transaction does not involve any interests from the promoter group or related party transactions.

Key Project Details

Univastu India Ltd reported a 65.55% year-on-year increase in consolidated net profit to ₹2,568.88 lakh for the financial year ended March 31, 2026, driven by a 42.16% rise in revenue from operations to ₹24,334.86 lakh. The company’s board approved the audited standalone and consolidated financial results for the fourth quarter and fiscal year during a meeting held on May 27, 2026. The results were published in newspapers on May 29, 2026, complying with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An earnings presentation for Q4FY26 was submitted to the exchanges on May 30, 2026.

Standalone Financial Performance

For the year ended March 31, 2026, the company recorded a total income of ₹22,921.58 lakh, a significant increase from ₹10,300.55 lakh in the previous year. Profit before tax for the year stood at ₹3,075.70 lakh, compared to ₹1,280.62 lakh in FY25. Total expenses rose to ₹19,845.88 lakh from ₹9,019.93 lakh in the prior year.

In the fourth quarter ended March 31, 2026, revenue from operations was ₹10,723.46 lakh, while net profit after tax for the quarter was ₹1,023.67 lakh. The company reported a basic earnings per share (EPS) of ₹6.50 for FY26, up from ₹2.88 in the previous year.

Consolidated Results

On a consolidated basis, net profit for the year rose to ₹2,568.88 lakh from ₹1,551.76 lakh in FY25. Total revenue from operations for the group increased to ₹24,334.86 lakh in FY26 from ₹17,117.76 lakh in the previous year. Profit attributable to the owners of the company stood at ₹2,330.86 lakh for the year. For Q4FY26, consolidated net profit surged 145.13% to ₹1,033.14 lakh, while revenue increased 174.23% to ₹10,944.39 lakh.

Capital Structure and Corporate Actions

During the quarter ended December 31, 2025, the company increased its authorised share capital from ₹2,000.00 lakh to ₹5,000.00 lakh. Subsequently, it allotted 2,39,91,180 bonus equity shares in a 2:1 ratio by capitalising ₹2,399.12 lakh from retained earnings. Consequently, the paid-up equity share capital increased from ₹1,199.56 lakh to ₹3,598.68 lakh.

Order Book and Future Outlook

The company maintains a healthy unexecuted order book of more than ₹1,854.14 crore, distributed across Uttar Pradesh, Gujarat, Haryana, Meghalaya, and Maharashtra. In Q4FY26, the company secured new orders worth ₹1,317.02 crore, including major projects such as the MMRDA Metro Line 6 (₹756.16 crore) and the L&T Line 4 Metro Project (₹391.76 crore). Management has outlined strong growth prospects, targeting a 40% CAGR organically with potential to exceed 50% through strategic partnerships and new initiatives in net-zero construction and sports infrastructure.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE562X01013/8cefeaac563e4155.pdf