Capacite Infraprojects has received a Letter of Intent (LOI) worth ₹537.00 crore from Raymond Realty Limited for a comprehensive construction project in Thane. The contract, excluding GST, covers the construction of multiple towers and a retail building as part of the Address by GS-3 Project and Invictus-2 Project at Thane.

Project Specifications and Scope

The construction project encompasses several key components that demonstrate the scale and complexity of the development:

Management Commentary

Commenting on the contract win, Mr. Rahul Katyal, Managing Director, expressed enthusiasm about the partnership: "We are thrilled to have been entrusted by our valued client, Raymond Realty Limited, with this repeat order. This reinforces our strong partnership and reflects our continued commitment to delivering exceptional service."

Katyal further emphasized the company's commitment to project delivery: "With a strong track record of project delivery, we're confident in our ability to meet timelines and exceed client expectations. At Capacite, we're dedicated to expanding our portfolio with quality orders and showcasing our growing expertise in project execution."

Regulatory Compliance and Business Impact

The company has confirmed through its regulatory filing that this substantial order represents a significant boost to Capacite Infraprojects' order book and reinforces its position in the Mumbai Metropolitan Region's construction sector. The work order has been received in the normal course of business and forms part of its ordinary civil contracting operations.

Capacite Infraprojects has confirmed that neither the promoters, promoter group, nor any group companies hold any interest in the entities awarding the contract. Accordingly, this order does not fall within the ambit of related party transactions, ensuring full regulatory compliance.

Strategic Significance

The mixed-use nature of the project, combining residential towers with retail infrastructure, showcases Capacite's versatility in handling diverse construction requirements. The repeat order nature from Raymond Realty Limited demonstrates the strong client relationships and execution capabilities that the company has built over time in the competitive construction sector.

Capacit'e Infraprojects Limited officially announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, demonstrating robust profit growth despite marginal revenue decline. The Board of Directors approved these results at their meeting held on February 11, 2026, based on recommendations from the Audit Committee, following regulatory requirements under Regulation 33 of SEBI listing obligations.

Standalone Financial Performance

The company's standalone operations showed impressive profitability growth for Q3FY26. Net profit after tax increased significantly to ₹4,513.24 lakhs compared to ₹3,675.34 lakhs in Q3FY25, marking a growth of 22.8%. Revenue from operations declined marginally to ₹55,481.04 lakhs from ₹56,383.28 lakhs in the corresponding quarter of the previous year.

For the nine-month period ended December 31, 2025, standalone performance remained strong with net profit of ₹13,060.93 lakhs compared to ₹13,096.43 lakhs in the corresponding period last year. Revenue from operations grew to ₹1,63,579.54 lakhs from ₹1,59,498.45 lakhs, representing a 2.6% increase.

Consolidated Financial Results

The consolidated financial performance presented an even stronger picture. Revenue from operations for Q3FY26 reached ₹67,541.75 lakhs compared to ₹59,048.56 lakhs in Q3FY25, showing substantial growth of 14.4%. Net profit after tax stood at ₹5,048.91 lakhs for the quarter.

For the nine-month consolidated period, the company achieved net profit of ₹14,854.05 lakhs on revenue of ₹1,91,093.54 lakhs, compared to net profit of ₹15,067.16 lakhs on revenue of ₹1,67,820.80 lakhs in the previous year.

Earnings Call Transcript and Management Commentary

Following the financial results announcement, Capacit'e Infraprojects Limited conducted its earnings call on February 12, 2026, and subsequently released the official transcript on February 16, 2026. Executive Chairman Rohit Katyal highlighted that the company achieved its highest ever quarterly revenue, reflecting steady and disciplined growth despite challenges from extended monsoon conditions and temporary delays from municipal elections in the MMR region and regulatory interruptions in the NCR region.

The management expressed confidence in further expanding the order book in the remainder of FY26, supported by a strong pipeline of quality bids. The company expects to add another ₹500 crores to ₹1,000 crores to its order book over the next 45 days.

Financial Optimization and Cost Management

Over the last 2 years, the company has successfully reduced interest rates from 12.5% to 10.25% currently for Fund Based Limits. Non Fund based commission charges have also moderated from average 2.5% to 1.20% currently, with the latest sanction from consortium lead bank for fund based limit at 9.65%. The company maintains its paid-up equity share capital at ₹8,460.40 lakhs with face value of ₹10 per share.

Asset Optimization and Recovery Efforts

The company continues its asset optimization strategy, having realized ₹38.3 crores till date from disposal of non-core assets. It expects to realize another ₹12 crores by March 31, 2026, and targets ₹50 crores in FY27 from sale of non-core assets. The company continues addressing challenges related to long outstanding receivables, with ₹5,492.76 lakhs in long outstanding trade receivables, contract assets and other exposures as of December 31, 2025, for which legal action has been initiated.

Regulatory Compliance and Future Outlook

The Government of India notified four New Labour Codes on November 21, 2025, for which the company accounted for additional expenses of ₹38.13 lakhs for Q3FY26. The Board meeting was held from 1:45 PM IST to 3:20 PM IST on February 11, 2026, with financial results subject to limited review by M S K A & Associates LLP, Chartered Accountants. The earnings call audio recording remains accessible on the company's website, ensuring transparency in investor communications.