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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 28-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-10-2026   12:15:00
End date and time of board meeting 28-10-2026   15:30:00
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 Not applicable



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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,32,246.99 3,01,092.95
Other income 5,280.23 12,386.33
Total income 1,37,527.22 3,13,479.28
2 Expenses
(a) Cost of materials consumed 82,445.04 1,76,183.17
(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 9,700.12 20,275.40
(e) Finance costs 13,367.27 25,725.77
(f) Depreciation, depletion and amortisation expense 4,044.98 7,989.81
(f) Other Expenses
1 Other Expenses 12,218.20 24,398.18
Total other expenses 12,218.20 24,398.18
Total expenses 1,21,775.61 2,54,572.33
3 Total profit before exceptional items and tax 15,751.61 58,906.95
4 Exceptional items 0.00 0.00
5 Total profit before tax 15,751.61 58,906.95
6 Tax expense
7 Current tax 3,470.41 13,743.06
8 Deferred tax 813.37 502.77
9 Total tax expenses 4,283.78 14,245.83
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 11,467.83 44,661.12
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 11,467.83 44,661.12
17 Other comprehensive income net of taxes 190.05 387.08
18 Total Comprehensive Income for the period 11,657.88 45,048.20
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 11,467.16 44,661.96
Total profit or loss, attributable to non-controlling interests 0.67 (0.84)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 11,657.21 45,049.04
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.67 (0.84)
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
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.47 17.41
Diluted earnings (loss) per share from continuing operations 4.47 17.41
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 4.47 17.41
Diluted earnings (loss) per share from continuing and discontinued operations 4.47 17.41
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 October 28, 2026. 2. The results for the quarter & half year ended September 30, 2026 are in compliance with an 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 limited review by the Statutory Auditors of the Company. 3. Contract Revenue for the half year ended September 30, 2026 includes Rs.21,765.54 lakhs (H1 FY26 Nil) arising from the Settlement Agreement entered into under the one-time settlement of the Agra Bypass EPC Project pursuant to the 'Vivad Se Vishwas III' scheme. 4. The group 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 (Toll and Annuity) as reportable segments. 5. During the quarter ended September 30, 2026, the Company initiated the setup of a wholly owned subsidiary named 'PNC Infratech (Kazakhstan) LLP' in the Republic of Kazakhstan under the applicable laws of Republic of Kazakhstan, including the Civil Code with a Charter (Authorized) Capital of 5,00,000 KZT and Business Identification Number (BIN): 261040006003, to provide infrastructure services primarily in the Roads & Highways sector; the official Certificate of Incorporation was subsequently received on October 7, 2026. 6. During the current reporting period, the National Highways Authority of India (NHAI) issued a debarment order dated September 3, 2026, against the Company's Special Purpose Vehicle (SPV), Awadh Expressway Private Limited, which was subsequently extended to PNC Infratech Limited (as Promoter) via an order dated September 11, 2026. The orders sought to restrict the Company and the SPV from participating in any bidding processes floated by NHAI, the Ministry of Road Transport and Highways (MoRTH), and their executing agencies for a period of three (3) years. The regulatory action arose from contractual disputes regarding alleged structural defects on a specific package of the Kanpur–Lucknow Expressway project (Package 2). The Company and the SPV received the order of the Hon’ble High Court of Delhi on October 13, 2026, granting an interim stay on both debarment orders. 7. Figures for the quarter ended September 30, 2026 and September 30, 2025 represents the difference between limited reviewed figures for the half year ended September 30, 2026 & September 30, 2025 and quarter ended June 30, 2026 & June 30, 2025 respectively. 8. Figures for the previous periods have been regrouped/ rearranged, wherever necessary. 9. The aforesaid un-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: October 28, 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 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 68,610.20
Capital work-in-progress 3,652.67
Investment property 0.00
Goodwill 0.00
Other intangible assets 5,177.79
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 5,70,238.61
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 16,489.84
Total of other non-current financial assets 16,489.84
Total non-current financial assets 5,86,783.99
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 1,38,884.64
Total of other non-current assets 1,38,884.64
Total non-current assets 8,03,109.29
2 Current assets
Inventories 98,124.04
Current financial asset
Current investments 1,11,459.91
Trade receivables, current 1,42,998.77
Cash and cash equivalents 55,927.44
Bank balance other than cash and cash equivalents 1,41,884.33
Loans, current 0.00
Other current financial assets
Total of other current financial assets 15,089.74
Total current financial assets 4,67,360.19
Current tax assets (net)
Other current assets
1 Other current assets 1,07,718.22
Total of other current assets 1,07,718.22
Total current assets 6,73,202.45
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 14,76,311.74
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5,130.78
Other equity 7,19,709.41
Total equity attributable to owners of parent 7,24,840.19
Non controlling interest (34.59)
Total equity 7,24,805.60
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,88,529.65
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liability 1,269.75
2 Other Financial liabilites 34,144.75
Total of other non-current financial liabilities 35,414.50
Total non-current financial liabilities 5,23,944.15
Provisions, non-current 19,196.16
Deferred tax liabilities (net) 145.67
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 4,528.34
Total of other non-current liabilities 4,528.34
Total non-current liabilities 5,47,814.32
Current liabilities
Current financial liabilities
Borrowings, current 1,02,652.87
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 11,682.01
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 41,472.66
Total Trade payable 53,154.67
Other current financial liabilities
1 Lease Liabilities 449.33
2 Other current financial liabilities 27,802.09
Total of other current financial liabilities 28,251.42
Total current financial liabilities 1,84,058.96
Other current liabilities 14,794.34
1 Other current liabilities 14,794.34
Total of other current liabilities 14,794.34
Provisions, current 4,838.52
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 2,03,691.82
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 7,51,506.14
Total equity and liabilites 14,76,311.74
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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Road 1,02,179.69 2,40,380.85
2 Water 12,358.69 26,021.35
3 Toll/Annuity 17,708.61 34,690.75
Total Segment Revenue 1,32,246.99 3,01,092.95
Less: Inter segment revenue 0.00 0.00
Revenue from operations 1,32,246.99 3,01,092.95
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Road 8,783.14 41,164.90
2 Water 1,557.08 3,461.74
3 Toll/Annuity 13,498.43 27,619.76
Total Profit before tax 23,838.65 72,246.40
i. Finance cost 13,367.27 25,725.78
ii. Other Unallocable Expenditure net off Unallocable income (5,280.23) (12,386.33)
Profit before tax 15,751.61 58,906.95
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Road 4,11,066.36 4,11,066.36
2 Water 1,92,552.48 1,92,552.48
3 Toll/Annuity 8,72,692.90 8,72,692.90
Total Segment Asset 14,76,311.74 14,76,311.74
Un-allocable Assets 0.00 0.00
Net Segment Asset 14,76,311.74 14,76,311.74
4 Segment Liabilities
Segment Liabilities
1 Road 1,86,752.67 1,86,752.67
2 Water 30,739.38 30,739.38
3 Toll/Annuity 5,34,014.09 5,34,014.09
Total Segment Liabilities 7,51,506.14 7,51,506.14
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 7,51,506.14 7,51,506.14
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
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 classified to profit and loss (Net of Taxes) 190.05 387.08
Total Amount of items that will not be reclassified to profit and loss 190.05 387.08
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 190.05 387.08



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 58,906.95
Adjustments for reconcile profit (loss)
Adjustments for finance costs 25,725.77
Adjustments for decrease (increase) in inventories (21,998.19)
Adjustments for decrease (increase) in trade receivables, current (27,723.67)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (14,478.29)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (4,095.77)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (25,826.87)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (6,841.01)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 7,989.81
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 0.00
Adjustments for other financial liabilities, non-current (4,148.82)
Adjustments for unrealised foreign exchange losses gains (81.96)
Adjustments for dividend income 0.00
Adjustments for interest income 6,546.71
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (2,562.83)
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) (2,739.20)
Other adjustments for non-cash items 387.08
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (82,940.66)
Net cash flows from (used in) operations (24,033.71)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 13,743.06
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (37,776.77)
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 0.00
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 15.26
Purchase of property, plant and equipment 15,888.52
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 4,456.46
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 6,546.71
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (37,108.06)
Net cash flows from (used in) investing activities (41,978.15)
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 57,332.52
Repayments of borrowings 21,034.76
Payments of lease liabilities 277.26
Dividends paid 1,539.23
Interest paid 25,725.77
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 39,800.00
Net cash flows from (used in) financing activities 48,555.50
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (31,199.42)
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 (31,199.42)
Cash and cash equivalents cash flow statement at beginning of period 87,126.86
Cash and cash equivalents cash flow statement at end of period 55,927.44