PNCINFRA2023-10-012023-12-31 PNCINFRA2023-10-012023-12-31 PNCINFRA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member PNCINFRA2023-12-31 PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member PNCINFRA2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PNCINFRA2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PNCINFRA2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PNCINFRA2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member PNCINFRA2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539150 PNCINFRA NOTLISTED PNC Infratech Limited Equity 2023-04-01 2024-03-31 2024-02-06 2024-01-29 INR Lakhs Third quarter 10:15:00 12:30:00 2024-02-06 2024-02-06 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 20466433000.00 165152000.00 20631585000.00 13562491000.00 0.00 0.00 946585000.00 1692527000.00 438708000.00 1636529000.00 18276840000.00 2354745000.00 0.00 2354745000.00 588876000.00 -84081000.00 504795000.00 0.00 1849950000.00 0.00 0.00 0.00 0.00 1849950000.00 3602000.00 1853552000.00 1849950000.00 0.00 1853552000.00 0.00 513078000.00 2 7.21 7.21 0.00 0.00 7.21 7.21 1. The above consolidated results have been reviewed by the Audit Committee, were approved by the Board of Directors at its meeting held on February 06, 2024.2.The results for the quarter and nine monthsended December 31, 2023are in compliance with Indian Accounting Standards (Ind-AS) notified by the Ministry of Corporate Affairs, read with SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11.07.2023 as amended and in terms of amendment 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 nine months ended on December 31, 2023 includes Nil (9M FY23 Rs. 3701.52 lakhs) as bonus received for early completion of the project. 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.On January 15, 2024, the Company and PNC Infra Holdings Limited, a wholly owned subsidiary of the Company have executed definitive agreements with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvIT) whose sponsor is affiliated with funds, vehicles and/or accounts managed and/or advised by affiliates of KKR & Co. Inc., to divest 12 of the Company’s road assets, which comprises of 11 National Highway (NH) Hybrid Annuity mode (HAM) assets and 1 State Highway BOT Toll asset with approximately 3,800 Lane Kms in the states of Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan. The Enterprise Value of the Transaction is INR 9,005.7 Crores together with the earn outs and is subject to any adjustments as stipulated in the definitive agreements translating to an equity value of INR 2,902 Crores (including cash) on invested equity of INR 1,740 Crores. The transaction is subject to certain regulatory and other customary conditions standard to a transaction of this nature. The divestment is aligned with the Company’s strategic objective of recycling the capital invested in operating road assets to leverage the ambitious growth vision that has been outlined by the Government of India for this sector. The names of the Target SPVs are hereunder: S. No. Target SPVs 1. PNC Rajasthan Highways Private Limited 2. PNC Chitradurga Highways Private Limited 3. PNC Aligarh Highways Private Limited 4. PNC Bundelkhand Highways Private Limited 5. PNC Khajuraho Highways Private Limited 6. PNC Triveni Sangam Highways Private Limited 7. PNC Bareilly Nainital Highways Private Limited 8. PNC Challakere (Karnataka) Highways Private Limited 9. PNC Bithur Kanpur Highways Private Limited 10. PNC Unnao Highways Private Limited 11. PNC Gomti Highways Private Limited 12. PNC Meerut Haridwar Highways Private Limited 6.The Company has announced receipt of Rs. 4220.97 lakhs on February 03, 2024 pursuant to the Order pronounced by the Court of Additional District Judge, Commercial Court, Chandigarh in a matter of arbitration award against the claim and interest thereon between the Company and Haryana State Roads & Bridges Development Corporation Limited (HSRDC) in the work of ‘Improvement of Gurgaon-Nuh-Rajasthan Border (SH-13)’. The same will be accounted for in the books of accounts in fourth quarterFY 2023-24.7.Figures for the previous periods have been regrouped / rearranged, wherever necessary.8.The aforesaid un-audited consolidated financial results will be uploaded on the Company's website www.pncinfratech.comand will also be available on the website of BSE Limited www.bseindia.comand the National Stock Exchange of India Limited www.nseindia.comfor the benefit of the shareholders and investors. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 60497179000.00 575122000.00 61072301000.00 40259557000.00 0.00 0.00 2815089000.00 4775321000.00 1324598000.00 4739340000.00 53913905000.00 7158396000.00 0.00 7158396000.00 2109567000.00 -86438000.00 2023129000.00 0.00 5135267000.00 0.00 0.00 0.00 0.00 5135267000.00 21248000.00 5156515000.00 5135267000.00 0.00 5156515000.00 0.00 513078000.00 2 20.02 20.02 0.00 0.00 20.02 20.02 Other Expenses 1636529000.00 Other Expenses 4739340000.00 Road 12697829000.00 Toll/Annuity 2434783000.00 Water 5333821000.00 Road 40104999000.00 Toll/Annuity 6881308000.00 Water 13510873000.00 20466433000.00 60497180000.00 0.00 0.00 20466433000.00 60497180000.00 Road 1294037000.00 Toll/Annuity 1755376000.00 Water 832706000.00 Road 4280679000.00 Toll/Annuity 4971159000.00 Water 2106757000.00 3882119000.00 11358595000.00 0.00 0.00 1527375000.00 Based on the management approach as defined in Ind AS 108 - Operating Segments, the Management evaluates the Company's performance and allocates resources based on ananalysis 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. 4200199000.00 2354744000.00 7158396000.00 Road 22095835000.00 Toll/Annuity 111663057000.00 Water 14593383000.00 148352275000.00 0.00 148352275000.00 Road 11269441000.00 Toll/Annuity 80339121000.00 Water 8765710000.00 100374272000.00 0.00 100374272000.00 3602000.00 21248000.00 0.00 0.00 0.00 0.00