Integrated Filing — IndAS



General information about company

Scrip Code 539150
NSE Symbol PNCINFRA
MSEI Symbol NOTLISTED
ISIN INE195J01029
Name of company PNC INFRATECH LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 19-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 19-05-2026   12:30:00
End date and time of board meeting 19-05-2026   15:55:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,61,698.29 5,36,810.16
Other income 4,144.69 14,144.91
Total income 1,65,842.98 5,50,955.07
2 Expenses
(a) Cost of materials consumed 1,09,283.18 3,36,551.61
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 8,784.86 34,985.50
(e) Finance costs 13,702.95 58,166.97
(f) Depreciation, depletion and amortisation expense 3,522.85 12,213.81
(f) Other Expenses
1 Other Expenses 15,918.16 51,606.06
Total other expenses 15,918.16 51,606.06
Total expenses 1,51,212.00 4,93,523.95
3 Total profit before exceptional items and tax 14,630.98 57,431.12
4 Exceptional items 846.17 49,231.91
5 Total profit before tax 15,477.15 1,06,663.03
6 Tax expense
7 Current tax 3,854.57 18,738.77
8 Deferred tax 846.84 4,773.77
9 Total tax expenses 4,701.41 23,512.54
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 10,775.74 83,150.49
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 10,775.74 83,150.49
17 Other comprehensive income net of taxes 105.67 788.13
18 Total Comprehensive Income for the period 10,881.41 83,938.62
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 10,784.91 83,177.37
Total profit or loss, attributable to non-controlling interests (9.17) (26.88)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,890.58 83,965.50
Total comprehensive income for the period attributable to owners of parent non-controlling interests (9.17) (26.88)
21 Details of equity share capital
Paid-up equity share capital 5,130.78 5,130.78
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 6,76,199.61
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.2 32.42
Diluted earnings (loss) per share from continuing operations 4.2 32.42
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.2 32.42
Diluted earnings (loss) per share from continuing and discontinued operations 4.2 32.42
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The above consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 19, 2026. 2. The results for the quarter and year ended on March 31, 2026 are in compliance with Indian Accounting Standards (Ind-AS) notified by the Ministry of Corporate Affairs, read with SEBI Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30.01.2026 as amended and in terms of amendments made in SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. These results have been subjected to audit by the Statutory Auditors of the Company. 3. Contract Revenue for the year ended on March 31, 2026 includes Rs. Nil (FY25 Rs. 51,575.54 Lakhs) towards arbitration claim in pursuance of Settlement Agreement and Rs. Nil (FY25 Rs.5,638.65 Lakhs) towards bonus. 4. The Government of India had notified The Code of Social Security 2020, Occupational Safety, Health and Working Condition Code 2020, Industrial Relation Code 2020 and the Code on Wages 2019 (collectively the Labour code) on November 21, 2025. The Ministry of Labour and Employment publish draft central rules and FAQ’s to enable assessment of the financial impact due to implementation of Labour Code. The company has evaluated the impact of increased Labour benefits/obligations arising from the implementation of Labour code based on actuarial valuation report provided by the Independent valuer and the company has recognised the financial impact on past services cost of gratuity and leave encashment of Rs.77.12 Lakhs in accordance with Ind AS 19-Employee Benefit and disclosed the same as an exceptional item in the financial results for the quarter and year ended March 31, 2026. The company is in process of evaluating other potential impact including those relating to the contract workforce, if any, that may arise once the central and state rules in this regards are notified. 5. The Company has disclosed infrastructure development including project construction & execution activity as primary segment. Segments have been identified taking into account the nature of work/services, risk, return and organisational structure. The Chief Operating Decision Maker (CODM) identified Road EPC, Water EPC and BOT (HAM, Toll & Annuity) as reportable segments. 6. The Board of Directors has recommended a dividend @ 30% i.e. Rs.0.60/- (Sixty Paisa) per equity share of Rs.2/- each for the financial year 2025-26 subject to approval of members in the ensuing Annual General Meeting. 7. During the financial year ended March 31, 2026, the Company along with its wholly owned subsidiary PNC Infra Holdings Limited, successfully completed the sale of its equity stake in all 12 Road Assets to Vertis Infrastructure Trust (formerly known as Highways Infrastructure Trust), an Infrastructure Investment Trust sponsored by affiliates of KKR & Co. Inc.. During Q4 FY26, the divestment of the 12th and final asset/SPV, PNC Challakere (Karnataka) Highways Private Limited, a HAM project, was completed on 27.03.2026 upon fulfilment of the stipulated Conditions Precedent. 8. The company has acquired 74% equity shares in an Unlisted Entity namely PW Infratech Private Limited and thereby it becomes direct subsidiary of the company with effect from May 07, 2025. 9. During this year, The company has incorporated two wholly owned subsidiaries, directly or indirectly: PNC Renewable Energy Private Limited bearing Corporate Identification Number (CIN) U35105UP2025PTC234673, incorporated on October 13, 2025; and PNC RE1 Private Limited bearing Corporate Identification Number (CIN) U35105UP2025PTC240153, incorporated on December 31, 2025. 10. The figures for the quarter ended March 31, 2026 and March 31, 2025 represents the difference between audited figures for the financial year and limited reviewed figures for the nine months period ended December 31, 2025 and December 31, 2024 respectively. 11. Figures for the previous periods have been regrouped / rearranged, wherever necessary. 12. The aforesaid audited consolidated financial results will be uploaded on the Company's website www.pncinfratech.com and will also be available on the website of BSE Limited www.bseindia.com and the National Stock Exchange of India Limited www.nseindia.com for the benefit of the shareholders and investors. For PNC Infratech Limited Place: Agra Chakresh Kumar Jain Date: May 19, 2026 Managing Director & CFO (DIN: 00086768)



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 62,792.94
Capital work-in-progress 378.46
Investment property 0.00
Goodwill 0.00
Other intangible assets 6,409.55
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 55.54
Trade receivables, non-current 5,34,600.06
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 19,235.68
Total of other non-current financial assets 19,235.68
Total non-current financial assets 5,53,891.28
Deferred tax assets (net) 487.79
Other non-current assets
1 Other non-current assets 1,33,428.08
Total of other non-current assets 1,33,428.08
Total non-current assets 7,57,388.10
2 Current assets
Inventories 76,125.85
Current financial asset
Current investments 78,711.19
Trade receivables, current 1,50,913.65
Cash and cash equivalents 87,126.86
Bank balance other than cash and cash equivalents 1,36,655.68
Loans, current 0.00
Other current financial assets
Total of other current financial assets 8,248.13
Total current financial assets 4,61,655.51
Current tax assets (net)
Other current assets
1 Other current assets 90,642.82
Total of other current assets 90,642.82
Total current assets 6,28,424.18
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 13,85,812.28
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5,130.78
Other equity 6,76,199.61
Total equity attributable to owners of parent 6,81,330.39
Non controlling interest (33.75)
Total equity 6,81,296.64
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,73,425.97
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 1,507.65
2 Other non-current financial liabilities 31,716.24
Total of other non-current financial liabilities 33,223.89
Total non-current financial liabilities 5,06,649.86
Provisions, non-current 19,767.37
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 9,126.94
Total of other non-current liabilities 9,126.94
Total non-current liabilities 5,35,544.17
Current liabilities
Current financial liabilities
Borrowings, current 41,658.79
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 15,713.28
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 63,268.26
Total Trade payable 78,981.54
Other current financial liabilities
1 Lease Liabilites 392.70
2 Other current financial liabilities 34,475.41
Total of other current financial liabilities 34,868.11
Total current financial liabilities 1,55,508.44
Other current liabilities 11,423.96
1 Other current liabilities 11,423.96
Total of other current liabilities 11,423.96
Provisions, current 2,039.07
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1,68,971.47
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 7,04,515.64
Total equity and liabilites 13,85,812.28
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Road 1,25,630.28 4,07,014.80
2 Water 21,008.07 58,415.83
3 Toll/Annuity 15,059.94 71,379.53
Total Segment Revenue 1,61,698.29 5,36,810.16
Less: Inter segment revenue 0.00 0.00
Revenue from operations 1,61,698.29 5,36,810.16
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Road 12,085.00 41,732.94
2 Water 3,411.61 9,253.16
3 Toll/Annuity 8,692.64 50,467.09
Total Profit before tax 24,189.25 1,01,453.19
i. Finance cost 13,702.96 58,166.97
ii. Other Unallocable Expenditure net off Unallocable income 4,144.69 14,144.91
Profit before tax 6,341.60 29,141.31
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Road 3,55,588.50 3,55,588.50
2 Water 2,00,618.33 2,00,618.33
3 Toll/Annuity 8,29,605.45 8,29,605.45
Total Segment Asset 13,85,812.28 13,85,812.28
Un-allocable Assets 0.00 0.00
Net Segment Asset 13,85,812.28 13,85,812.28
4 Segment Liabilities
Segment Liabilities
1 Road 1,37,346.27 1,37,346.27
2 Water 51,452.51 51,452.51
3 Toll/Annuity 5,15,716.86 5,15,716.86
Total Segment Liabilities 7,04,515.64 7,04,515.64
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 7,04,515.64 7,04,515.64
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Based on the management approach as defined in lnd AS 108 - operating segments, the Management evaluates the company's performance and allocates resources based on analysis of various performance indicators by business segments. Accordingly,information has been presented along these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit & Loss (Net of Taxes) 105.67 788.13
Total Amount of items that will not be reclassified to profit and loss 105.67 788.13
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 105.67 788.13



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,06,663.03
Adjustments for reconcile profit (loss)
Adjustments for finance costs 58,166.97
Adjustments for decrease (increase) in inventories 9,979.55
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 4,14,610.24
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 28,603.27
Adjustments for other financial assets, non-current (5,214.20)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (8,396.47)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (76,259.94)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 12,213.81
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (164.19)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.05
Adjustments for dividend income 0.00
Adjustments for interest income 3,760.92
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (538.50)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (49,231.91)
Other adjustments for non-cash items 788.13
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,80,795.89
Net cash flows from (used in) operations 4,87,458.92
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 19,575.55
Other inflows (outflows) of cash (8,586.86)
Net cash flows from (used in) operating activities 4,59,296.51
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 57,192.74
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 49,557.40
Purchase of property, plant and equipment 32,600.76
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 3,760.92
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (84,562.13)
Net cash flows from (used in) investing activities (6,651.83)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,41,717.88
Repayments of borrowings 5,66,263.56
Payments of lease liabilities 538.99
Dividends paid 1,539.23
Interest paid 58,166.97
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 5,175.04
Net cash flows from (used in) financing activities (4,79,615.83)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (26,971.15)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (26,971.15)
Cash and cash equivalents cash flow statement at beginning of period 1,14,098.01
Cash and cash equivalents cash flow statement at end of period 87,126.86





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 NSBP & COMPANY Yes 30-04-2027