Semac Construction Limited has reported robust financial performance for the third quarter of FY26, demonstrating significant growth across key operational metrics. The engineering, procurement, and construction services company announced its unaudited consolidated results for the quarter ended December 31, 2025, showing marked improvement over the previous year.

Strong Revenue Performance

The company's consolidated revenue performance showed substantial growth during the quarter under review:

For the nine-month period ended December 31, 2025, consolidated revenue from operations reached ₹16,783.23 lakhs compared to ₹9,954.75 lakhs in the corresponding period of the previous year, representing a growth of 68.62%.

Profitability Turnaround

The company achieved a remarkable turnaround in profitability metrics during Q3 FY26:

For the nine-month period, net profit after tax stood at ₹273.82 lakhs compared to a net loss of ₹657.24 lakhs in the previous year, indicating strong operational recovery.

Cost Management and Operational Efficiency

The company's expense management showed controlled growth relative to revenue expansion:

Corporate Developments

Several significant corporate actions took place during the reporting period:

• On June 26, 2025, the company acquired 50% equity shares from shareholders of its associate company Semac Construction Technologies India Private Limited, making it a wholly-owned subsidiary
• The Board approved a Scheme of Amalgamation on July 30, 2025, for merging Semac Construction Technologies India Private Limited with Semac Construction Limited
• The proposed merger scheme was filed with the National Company Law Tribunal (NCLT) Bench at Chennai on September 29, 2025, with approval still pending

Regulatory Compliance and Labour Code Impact

The company assessed the financial implications of the new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate twenty-nine existing labour laws into a unified framework. The assessment resulted in an increase in employee benefit liability by ₹6.06 lakhs, which has been presented in the employee benefits expenses for the quarter.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 5, 2026. The meeting commenced at 9:30 AM and concluded at 3:00 PM. Suresh Surana & Associates LLP, the statutory auditors, reviewed the results and issued an unqualified review report.

The company operates in a single segment of Engineering, Procurement and Construction Services, with consolidated results including one wholly-owned subsidiary in India and one subsidiary incorporated outside India with 65% holding.

Semac Construction Limited has announced a strategic partnership to expand its presence in railway infrastructure development. The company's Board of Directors approved a joint venture agreement on January 19, 2026, marking a significant step in its business expansion strategy.

Joint Venture Partnership Details

The board approved the formation of a joint venture with ALTIS HOLDING CORPORATION, a company registered in Ukraine. This partnership has been specifically established to participate in a major railway infrastructure project.

Railway Station Redevelopment Project

The joint venture will focus on bidding for the redevelopment of Barauni Junction Railway Station, a project under the East Central Railways division. This represents a significant opportunity in India's ongoing railway modernization efforts.

Project Specifications

• Project Name: Redevelopment of Barauni Junction Railway Station
• Railway Division: East Central Railways
• Developing Authority: Ministry of Railways, Chief Engineer (Con)/NC, East Central Railway
• Project Type: Railway station redevelopment and modernization

Strategic Implications

This joint venture represents Semac Construction's strategic move to participate in large-scale railway infrastructure projects. The partnership with an international entity demonstrates the company's ability to form cross-border alliances for major infrastructure developments. The approval through board circulation indicates the management's confidence in this strategic direction.

The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring complete transparency with stakeholders and regulatory compliance.