Cemindia Projects Limited , an Adani Group entity and a leading Engineering and Construction Company, has announced robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company reported impressive year-on-year growth in its consolidated financial performance for Q2 FY26:

The EBITDA margin improved to 11.1% in Q2 FY26 from 10.3% in the same quarter last year, while the PAT margin increased to 5.0% from 3.6%.

Half-Yearly Performance

For the first half of FY26, Cemindia Projects Limited continued its growth trajectory:

• Revenue from Operations grew by 7.9% to ₹4,718.00 crore
• EBITDA increased by 12.5% to ₹497.00 crore
• PAT surged by 42% to ₹245.00 crore

The EBITDA margin for H1 FY26 stood at 10.5%, up from 10.1% in H1 FY25, while the PAT margin improved to 5.2% from 3.9%.

Strong Order Book and Financial Position

As of September 30, 2025, the company's order book stood at ₹20,646.00 crore, indicating sustained business momentum. During Q2 FY26 alone, Cemindia Projects secured new orders worth ₹3,258.00 crore, bringing the total orders secured in H1 FY26 to ₹6,189.00 crore.

The company's financial position remains solid, with a consolidated Net Worth of ₹2,051.00 crore and a conservative Net Debt to Equity ratio of 0.25x as of September 30, 2025.

Key Project Updates

Cemindia Projects Limited has made significant progress on several major projects:

• Completed Mumbai's first underground metro line (~11 km, 3 stations)
• Finished twin tunnels for Chennai Underground Metro under challenging geological conditions
• Constructed a 1,400m long and 51.75m-wide jetty at JNPT in Maharashtra
• Executed a complex marine project with a 2.3 km breakwater and 800m berthing in Vizhinjam, Kerala

Credit Rating Upgrade

The company's strong financial profile and consistent operational performance have been recognized by leading credit rating agencies:

• CARE upgraded the long-term rating to CARE A+ (Stable) from CARE A (RWP)
• ICRA upgraded the long-term rating to ICRA A+ (Stable) from ICRA A (Stable)

Management Commentary

Mr. Jayanta Basu, Managing Director of Cemindia Projects Limited, commented on the results: "The Company has delivered a strong performance in the first half of the financial year ending September 2025, supported by robust project execution, healthy order inflows and disciplined financial management. Our continued focus on operational excellence and safety has enabled us to sustain momentum across key projects. With a diversified order book and sustained demand in the construction sector, we remain confident of building on this growth trajectory while reinforcing our commitment to quality, safety, and sustainability."

The company's impressive Q2 FY26 results and positive outlook underscore its strong position in the Engineering and Construction sector, with a focus on infrastructure development across various segments in India.

Cemindia Projects Limited (formerly known as ITD Cementation India Limited) has received a significant payment from Delhi Metro Rail Corporation (DMRC) following a favorable arbitration award. The company disclosed this development in a filing to the stock exchanges on October 18, 2025.

Key Details of the Payment

Background of the Arbitration

Cemindia Projects had initiated arbitration proceedings against DMRC for various claims. A three-member Arbitral Tribunal passed the award in favor of the company on July 22, 2025. The company had previously informed the stock exchanges about this development on July 23, 2025.

Financial Implications

The company stated that this payment will have financial implications on its income, cash flow, and tax. While the exact details of these implications were not specified, the substantial amount is likely to positively impact the company's financial position.

Additional Notes

• DMRC will pay the GST on the award amount upon production of documentary evidence by Cemindia Projects.
• The difference between the original award amount and the received payment is likely due to TDS deductions.

This development marks a successful resolution of the arbitration process for Cemindia Projects, potentially strengthening its financial position and demonstrating its ability to successfully pursue claims through legal channels when necessary.