PNC Infratech , a prominent infrastructure development company, has revised its growth guidance for FY26 from 15-20% to 5%, citing delays in appointed dates for major Hybrid Annuity Model (HAM) projects and subdued National Highways Authority of India (NHAI) awarding activity. The company reported a 26% decline in standalone revenue to Rs 2,119.00 crore for H1 FY26 compared to the previous year.

Key Financial Highlights

Project Delays and Revenue Impact

The company's performance was significantly impacted by delays in appointed dates for four major HAM projects worth Rs 4,000.00 crore. These projects, awarded in mid-2023, faced delays of over two years in receiving appointed dates. PNC Infratech has now received appointed dates for three out of the four delayed projects, which is expected to boost revenue in the coming quarters.

Order Book and Future Outlook

Despite the challenges, PNC Infratech maintains a robust unexecuted order book of over Rs 20,000.00 crore. The company expects to secure new orders worth Rs 6,000.00 crore by the end of FY26. With the recent receipt of appointed dates for three HAM projects, the company anticipates improved execution and revenue growth in the coming quarters.

Diversification and New Projects

PNC Infratech is actively diversifying its project portfolio:

• Received three Letters of Award in Q2 FY26, including a high-level bridge construction in Bihar, development of Varanasi International Airport, and a Solar Power-Cum-BESS project from NHPC.
• Commenced execution of a coal mining project and is in the preliminary stages of a BESS (Battery Energy Storage System) project.

Financial Position

The company maintains a strong financial position with a consolidated net worth of Rs 6,623.00 crore as of September 30, 2025. The total consolidated debt stands at Rs 5,049.00 crore, translating to a net debt-to-equity ratio of 0.76 times. PNC Infratech has a healthy cash and bank balance, including current investments, of Rs 2,736.00 crore on a consolidated basis.

Management Commentary

Yogesh Jain, Managing Director of PNC Infratech, stated, "While we face short-term challenges due to project delays, we are optimistic about our long-term prospects. The recent receipt of appointed dates for key projects and our diversified order book position us well for future growth."

The company remains focused on executing its current projects efficiently and is actively pursuing new opportunities in highways, water resources, and renewable energy sectors to drive future growth.

PNC Infratech Limited , a prominent player in the infrastructure sector, has announced a significant change in its senior management. The company has promoted Ashish Jain from his previous role as Deputy Director to the position of Executive Director, effective October 25, 2025.

Board Approval and Appointment Details

The promotion was approved by PNC Infratech's Board of Directors through a Circular Resolution, following the recommendation of the Nomination and Remuneration Committee. As part of this elevation, Jain has been categorized as Senior Management Personnel of the company.

About Ashish Jain

Ashish Jain brings a wealth of experience and technical expertise to his new role:

Responsibilities

In his role as Executive Director, Jain's responsibilities include:

• Overseeing project development
• Managing deployment of machines
• Overseeing machine management

This promotion reflects PNC Infratech's commitment to recognizing and nurturing internal talent, potentially positioning the company for continued growth and efficiency in its infrastructure projects.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant changes in the company's management structure.