V.L. Infraprojects FY26 revenue rises 24%, profit up 20%
V.L. Infraprojects Limited reported a 23.76% rise in total income to ₹150.02 Cr for FY26, with net profit increasing 19.94% to ₹8.42 Cr. The audio recording of the earnings conference call held on June 08, 2026, to discuss these results is now available.

*this image is generated using AI for illustrative purposes only.
V.L. Infraprojects Limited reported a 23.76% increase in total income to ₹150.02 Cr for FY26, driven by robust execution in water infrastructure projects. Net profit rose 19.94% to ₹8.42 Cr, while EBITDA grew 25.67% to ₹16.53 Cr, expanding the margin by 17 basis points to 11.02%. The company has scheduled an earnings conference call on June 08, 2026, at 03:00 P.M IST to discuss these audited standalone financial results. The audio recording of this conference call is now available on the company's website and via a direct link provided to the exchanges.
Financial Performance
Total income for FY26 stood at ₹150.02 Cr, compared to ₹121.22 Cr in the previous year. Net profit for the period increased to ₹8.42 Cr from ₹7.02 Cr. Earnings before interest, taxes, depreciation, and amortization (EBITDA) improved to ₹16.53 Cr from ₹13.15 Cr. The EBITDA margin expanded to 11.02% from 10.85%.
| Particulars (₹ Cr) | H2 FY26 | H2 FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Total Income | 87.12 | 68.82 | ↑ 26.60% | 150.02 | 121.22 | ↑ 23.76% |
| EBITDA | 8.85 | 6.91 | ↑ 28.07% | 16.53 | 13.15 | ↑ 25.67% |
| EBITDA Margin (%) | 10.16% | 10.04% | ↑ 12 Bps | 11.02% | 10.85% | ↑ 17 Bps |
| Net Profit | 4.40 | 3.47 | ↑ 26.78% | 8.42 | 7.02 | ↑ 19.94% |
| Diluted EPS (₹) | 2.80 | 2.21 | ↑ 26.70% | 5.36 | 4.90 | ↑ 9.39% |
Operational Highlights
The company’s performance was underpinned by strong execution across ongoing water supply and infrastructure projects. Rajagopal Reddy Annam Reddy, Chairman & Managing Director, attributed the growth to timely project delivery and efficient resource utilization. He highlighted that government initiatives such as the Jal Jeevan Mission and AMRUT continue to generate significant opportunities in the water infrastructure sector.
Order Book and New Wins
V.L. Infraprojects secured a significant ₹74.44 Cr order from Gujarat Water Infrastructure Limited (GWIL) through a joint venture with H.M. Electro Mech Limited. The company holds a 31% share in the joint venture, with its portion of the contract valued at approximately ₹23.08 Cr. The project involves the design, construction, and long-term operations & maintenance (O&M) of water infrastructure in Gujarat, featuring a 24-month execution timeline and a 10-year maintenance scope.
Additionally, the company won a ₹42.12 Cr contract from the Gujarat Water Supply & Sewerage Board (GWSSB) for the augmentation of the Hadaf Regional Water Supply Scheme in Dahod. This project carries an 18-month execution period and includes 10 years of O&M services. Consequently, the total order book has crossed the ₹217.64 Cr milestone, enhancing execution visibility for future growth.
Historical Stock Returns for VL Infra Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -8.49% | -8.17% | -5.55% | -40.34% | -68.48% |
How will the recent ₹74.44 Cr joint venture order impact V.L. Infraprojects' revenue recognition over the next 24 months?
What is the company's strategy for managing the 10-year O&M obligations associated with the new Gujarat water infrastructure contracts?
Does the current order book position provide sufficient revenue visibility to sustain the current growth trajectory into FY27?























