SEPC Limited has achieved a significant milestone with its consolidated order book reaching a record ₹10,455 crore as of December 31, 2025, positioning the engineering, procurement and construction (EPC) company for sustained multi-year revenue growth across diversified infrastructure segments.

Record Order Book Expansion Drives Growth Trajectory

The company's consolidated order book of ₹10,455 crore represents a strategic expansion across core infrastructure verticals. On a standalone basis, excluding SEPC FZE, the order book stands at ₹7,255 crore, marking a substantial increase from ₹4,501 crore as of March 31, 2025. This growth within nine months highlights SEPC's accelerated order conversion cycle and strengthening market credibility.

Diversified Order Portfolio Across Key Sectors

The standalone order book of ₹7,255 crore is strategically diversified across structurally supported sectors, with mining and construction contributing over 77% of the total portfolio.

Strong Q3 FY26 Financial Performance

SEPC demonstrated robust operational momentum in Q3 FY26, with consolidated revenue reaching ₹340.97 crore compared to ₹133.04 crore in Q3 FY25, representing a 156.35% year-over-year growth. The company reported EBITDA of ₹29.66 crore and net profit of ₹14.96 crore for the quarter.

Nine-Month Performance Exceeds Full-Year FY25 Results

For the nine months ended December 2025, SEPC reported consolidated revenue of ₹796.89 crore, EBITDA of ₹83.60 crore, and net profit of ₹39.81 crore, surpassing the company's full-year FY25 revenue of ₹597.7 crore, EBITDA of ₹98.9 crore, and net profit of ₹24.8 crore.

Geographic Distribution and Market Presence

The consolidated order book reflects a balanced geographic distribution with domestic projects accounting for approximately 48% at ₹5,055 crore, while international operations through SEPC and SEPC FZE contribute ₹2,200 crore (21%) and ₹3,200 crore (31%) respectively. This diversification provides the company with exposure to India's infrastructure growth while maintaining international execution capabilities.

According to Managing Director Venkataramani Jaiganesh, the strong order momentum reflects broader infrastructure opportunities and the company's disciplined approach to project selection. The expanded order book enhances revenue visibility and positions SEPC for sustained growth across its diversified infrastructure segments, with the company focusing on efficient execution and prudent financial management.

SEPC Limited has submitted its quarterly compliance statement to stock exchanges, confirming no deviations in the utilization of proceeds from its rights issue for the quarter ended December 31, 2025. The engineering procurement and construction (EPC) contractor raised Rs. 350.00 crore through the rights issue and has maintained full compliance with the stated objectives outlined in its Letter of Offer.

Rights Issue Details and Fund Allocation

The company completed its rights issue during June 09, 2025 to June 23, 2025, issuing 35,00,00,000 partly paid-up equity shares at Rs. 10.00 per share. The issue was structured with Rs. 5.00 per share on application and Rs. 5.00 per share on first and final call, received on December 2, 2025.

Object-wise Fund Utilization Status

The proceeds were allocated across five primary objectives, with varying levels of utilization during the quarter:

The working capital segment saw complete utilization of allocated funds, while other objectives maintained substantial balances for future deployment as per the company's strategic timeline.

Monitoring Agency Validation

Infomerics Valuation and Rating Limited, serving as the monitoring agency, issued a comprehensive report validating the company's fund utilization practices. The agency confirmed no deviations from the objects stated in the offer document and noted that all utilization was conducted through the Trust and Retention Account maintained with Punjab National Bank.

Key validation points included:

• All fund utilization aligned with Letter of Offer objectives
• No material deviations requiring shareholder approval
• Proper documentation and certification by chartered accountants
• Compliance with SEBI regulations and monitoring requirements

General Corporate Purpose Utilization

During the quarter, SEPC Limited utilized Rs. 6.11 crore under general corporate purposes for specific operational requirements:

Regulatory Compliance and Governance

The quarterly statement was prepared in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Audit Committee reviewed the statement and monitoring agency report, with formal approval by the Board of Directors on February 07, 2026.

The company maintains Rs. 151.23 crore in its Trust and Retention Account for future deployment across the remaining objectives, demonstrating prudent financial management and adherence to regulatory frameworks. All fund movements were verified by B N C A & CO, Chartered Accountants, ensuring independent validation of the utilization process.