Goel Construction Company has announced its unaudited financial results for the half-year ended September 30, 2025, reporting a profit of Rs 1,676.36 lakhs. The company also secured a significant order worth Rs 260.47 crore from the Adani Group, further strengthening its order book.

Financial Performance

The company's financial results for H1 FY2026 show a slight decrease in profit compared to the previous year's Rs 1,676.96 lakhs. Revenue from operations reached Rs 25,535.57 lakhs. Here's a breakdown of the key financial metrics:

Order Book and New Contract

Goel Construction Company's order book expanded significantly to Rs 1,153 crore as of September 30, 2025, up from Rs 438 crore on March 31, 2025. The company received new orders worth Rs 910 crore in the current financial year.

A major highlight is the recent contract secured from the Adani Group:

• Contract Value: Rs 260.47 crore (excluding taxes)
• Project: Execution of civil works for Balance of Plant (BOP) Area of 2x800 MW (Phase-III expansion) Mahan Ultra Supercritical Thermal Power Project
• Location: Village Bandhaura, District Singrauli, Madhya Pradesh
• Execution Time: 24 months from the start of work

IPO Utilization

The company completed its initial public offering (IPO) earlier this year, raising Rs 8,107.53 lakhs through a fresh equity issue of 38.08 lakh shares at Rs 263 per share. The IPO proceeds have been utilized as follows:

Management Commentary

The company's management highlighted that revenue decreased by 9.8% year-over-year to Rs 245 crore, primarily due to prolonged and heavier monsoon impacting execution. However, they expect execution to gain momentum in the second half of FY 2026, supported by the record-high order book.

The adjusted EBITDA margin improved by 66 basis points year-over-year to 10.0%, reflecting improved project execution efficiency and better cost control. The PAT margin also improved by 65 basis points year-over-year to 6.8%.

Future Outlook

Goel Construction Company aims to execute works worth Rs 1,200-1,500 crore in the next 18 months, leveraging its current order book and expected new projects. The company is focusing on timely execution, margin improvement through cost optimization, and operational efficiency.

Additionally, the company is expanding its scope of work to include structural and mechanical works, aiming to offer one-stop and cost-effective project execution solutions to its customers.

Investors and stakeholders should note that while the company's performance shows resilience, future results may be subject to various factors including project execution timelines, market conditions, and broader economic trends.

Goel Construction Company Limited has announced a significant contract win from the Adani Group, marking a notable development in the infrastructure sector. The company has secured an order worth ₹260.47 crore for civil works at the Mahan Ultra Supercritical Thermal Power Project in Madhya Pradesh.

Contract Details

The contract, awarded by the Adani Group, involves the execution of civil works for the Balance of Plant (BOP) Area of the 2x800 MW (Phase-III expansion) Mahan Ultra Supercritical Thermal Power Project. The project is located in Village Bandhaura, District Singrauli, Madhya Pradesh.

Key Points of the Order

Significance of the Contract

This order represents a substantial opportunity for Goel Construction Company Limited, showcasing its capabilities in handling large-scale infrastructure projects. The contract's size and the association with a major conglomerate like the Adani Group underscore the company's growing presence in the power sector infrastructure space.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Goel Construction Company Limited has duly informed the BSE Limited about this material development. The disclosure adheres to the regulatory requirements, ensuring transparency for investors and stakeholders.

The company has stated that this information will also be available on its official website, further enhancing accessibility for interested parties.

As the infrastructure sector continues to see significant investments, particularly in power generation, this contract win positions Goel Construction favorably in the market. The execution of this project over the next two years will be closely watched by industry observers and investors alike.