Capacit'e Infraprojects Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, demonstrating solid growth in profitability despite marginal revenue decline. The Board of Directors approved these results at their meeting held on February 11, 2026, following recommendations from the Audit Committee. The company also released its investor presentation for Q3 & 9M FY26 under Regulation 30 of SEBI listing requirements.

Standalone Financial Performance

The company's standalone operations showed robust profit growth for Q3FY26. Net profit after tax increased significantly to ₹4,513.24 lakhs compared to ₹3,675.34 lakhs in Q3FY25, marking a growth of 22.8%. However, revenue from operations declined slightly to ₹55,481.04 lakhs from ₹56,383.28 lakhs in the corresponding quarter of the previous year.

For the nine-month period ended December 31, 2025, standalone performance remained strong with net profit of ₹13,060.93 lakhs compared to ₹13,096.43 lakhs in the corresponding period last year. Revenue from operations grew to ₹1,63,579.54 lakhs from ₹1,59,498.45 lakhs, representing a 2.6% increase.

Consolidated Financial Results

The consolidated financial performance presented an even more impressive picture. Net profit after tax for Q3FY26 reached ₹5,048.91 lakhs, while revenue from operations stood at ₹67,541.75 lakhs compared to ₹59,048.56 lakhs in Q3FY25, showing substantial growth of 14.4%.

For the nine-month consolidated period, the company achieved net profit of ₹14,854.05 lakhs on revenue of ₹1,91,093.54 lakhs, compared to net profit of ₹15,067.16 lakhs on revenue of ₹1,67,820.80 lakhs in the previous year.

Key Operational Highlights

The company has realized aggregate ₹38.3 crores till date and expects to realize another ₹12 crores by March 31, 2026 against disposal of non-core assets. The company expects to realize ₹50 crores in FY27 from sale of non-core assets.

Over the last 2 years, the company has reduced interest rates from 12.5% to 10.25% currently for Fund Based Limits. Similarly, Non Fund based commission charges have seen moderation from average 2.5% to 1.20% currently. The latest sanction from consortium lead bank for fund based limit is at 9.65% with further reduction in non fund based charges.

Financial Challenges and Recovery Efforts

The company continues to face challenges related to long outstanding receivables. Trade receivables include ₹1,155.93 lakhs from one party that was previously written off but has been recorded for recovery based on Corporate Insolvency Resolution Process proceedings. Additionally, the company has ₹5,492.76 lakhs in long outstanding trade receivables, contract assets and other exposures as of December 31, 2025, for which legal action has been initiated.

Regulatory Compliance

The Government of India notified four New Labour Codes on November 21, 2025, consolidating 29 labour laws. Following preliminary assessment, the company accounted for additional expenses of ₹38.13 lakhs for Q3FY26. The company continues monitoring the finalization of Central/State Rules and government clarifications on various aspects of the Labour Codes.

The financial results were subject to limited review by M S K A & Associates LLP, Chartered Accountants, who issued qualified conclusions due to uncertainties regarding the recoverability of certain receivables. The paid-up equity share capital remained stable at ₹8,460.40 lakhs with face value of ₹10 per share.

Capacit'e Infraprojects Limited has officially received a Letter of Intent (LOI) worth ₹445 crore from Great Value Realty Limited for civil and structural works. The contract pertains to the Great Value Ekanam project located at GH-02, Sector 107, Noida.

Project Specifications

The LOI represents a significant business opportunity for Capacit'e Infraprojects in the National Capital Region's construction sector. The comprehensive project involves civil and structural work for Great Value Realty's Ekanam development in Noida.

Management Commentary

Commenting on the development, Mr. Rahul Katyal, Managing Director, expressed satisfaction with the new partnership. "We are pleased to welcome Great Value Realty Limited as our newest client and are honored by the trust they have placed in Capacit'e. This engagement marks an important milestone in our journey and reflects the growing confidence in our engineering expertise, project execution capabilities, and commitment to delivering quality at scale."

Katyal emphasized the company's approach to project execution, stating that successful EPC partnerships are built on strong collaboration, technical excellence, and a shared focus on safety, timelines, and sustainability. The management confirmed that teams are fully aligned to deliver the project with the highest standards of engineering rigor and operational efficiency.

Business Impact

This LOI marks an important milestone for Capacit'e Infraprojects, showcasing the company's ability to secure large-scale infrastructure contracts. The project's strategic location in Sector 107, Noida, positions the company in one of the National Capital Region's most active real estate markets.

The company confirmed that the work order has been received in the normal course of business and forms part of Capacit'e's ordinary civil contracting operations. The management also clarified that neither the promoters, promoter group, nor any group companies hold any interest in Great Value Realty Limited, ensuring the transaction remains outside the ambit of related party transactions.