Likhitha Infrastructure Limited , a prominent oil and gas pipeline infrastructure service provider, has released its financial results for the first quarter, revealing a mixed performance amidst challenging market conditions.

Financial Performance

The company reported a standalone revenue of Rs 122.41 crore for Q1, marking a 2.10% decrease from Rs 125.03 crore in the corresponding quarter of the previous year. The net profit saw a more significant decline, dropping 18.51% to Rs 13.91 crore compared to Rs 17.07 crore in Q1 of the previous year.

Margin Pressure

Likhitha Infrastructure experienced margin pressure during the quarter. The EBITDA margin compressed to 16.60% from 20.18% in the same quarter of the previous year, indicating increased operational costs or pricing pressures in the market.

Order Book Strength

Despite the quarterly setback, Likhitha Infrastructure maintains a robust order book of approximately Rs 1,100 crore as of June 30. This substantial backlog suggests potential for revenue growth in upcoming quarters, provided the company can effectively execute these projects.

Operational Highlights

Likhitha Infrastructure continues to maintain a strong presence across India, operating in 20 states and 2 union territories. The company's services span various segments, including:

• City Gas Distribution (CGD)
• Cross Country Pipeline projects (CCP)
• Operation & Maintenance Services (O&M)
• Tankage Construction

International Expansion

In a strategic move to diversify its geographical presence, Likhitha Infrastructure has expanded internationally through a joint venture in Saudi Arabia. This expansion could potentially open new avenues for growth and help mitigate risks associated with regional market fluctuations.

Management Vision

The company's investor presentation emphasized its vision "To provide services with the highest level of workmanship along with adherence to International standards of Quality, Health, Safety and Environment" and its mission "To provide the best services in the field of Oil and Gas pipeline infrastructure and thereby contribute to India's endeavor to emerge self-reliant and leader in green fuel."

Looking Ahead

As Likhitha Infrastructure navigates through the challenges of margin pressure and revenue decline, its strong order book and strategic international expansion may provide opportunities for recovery and growth. Investors and stakeholders will likely keep a close eye on the company's ability to improve operational efficiency and capitalize on its project pipeline in the coming quarters.

All figures in Rs crore, except for EBITDA Margin which is a percentage.

The company's performance in the coming quarters will be crucial in determining whether it can leverage its strong order book to reverse the current trend of declining revenues and compressed margins.

Likhitha Infrastructure Limited, a company specializing in gas pipeline laying and allied infrastructure development, has released its unaudited financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The results show a mixed performance with a slight decrease in both revenue and profit compared to the same quarter last year.

Financial Highlights

• Revenue: The company reported standalone revenue from operations of ₹12,240.55 lakhs in Q1 FY2026, compared to ₹12,502.78 lakhs in Q1 FY2025, marking a slight decrease of about 2.1%.

• Profit: Standalone profit for the period stood at ₹1,390.54 lakhs, down from ₹1,707.17 lakhs in the corresponding quarter of the previous year, representing a decline of approximately 18.5%.

• Consolidated Performance: On a consolidated basis, the company's profit reached ₹1,379.86 lakhs, compared to ₹1,707.17 lakhs in the same quarter last year, showing a similar trend to the standalone results.

• Earnings Per Share (EPS): The basic earnings per share was reported at ₹3.52 for standalone and ₹3.51 for consolidated results.

Operational Overview

Likhitha Infrastructure primarily operates in the gas pipeline laying and allied infrastructure development sector. The company's financial results include the performance of its two subsidiaries:

1. CPM-Likhitha Consortium in India
2. Likhitha HAK Arabia Contracting Company in Saudi Arabia

Management Commentary

While specific management comments were not provided in the available data, the company's board of directors approved these unaudited financial results in their meeting held on August 09, 2025.

Financial Position

The company's balance sheet remains strong, with the latest available data showing:

Note: Equity Share Capital has a face value of ₹5/- per equity share. Other Equity is as per the last audited financial year.

Auditor's Review

NSVR & Associates LLP, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results are not prepared in accordance with applicable accounting standards and other recognized accounting practices and policies.

Conclusion

Despite the slight dip in revenue and profit compared to the same quarter last year, Likhitha Infrastructure Limited continues to maintain a stable financial position. The company's performance in the coming quarters will be crucial to watch, especially considering the evolving dynamics in the gas pipeline and infrastructure sector.

Investors and stakeholders should note that these are unaudited results for the first quarter, and the full-year performance may provide a more comprehensive picture of the company's financial health and operational efficiency.