PNCINFRA2024-01-012024-03-31 PNCINFRA2024-01-012024-03-31 PNCINFRA2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member PNCINFRA2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member PNCINFRA2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539150 PNCINFRA NOTLISTED PNC Infratech Limited Equity 2023-04-01 2024-03-31 2024-05-24 2024-05-14 INR Lakhs Yearly 12:15:00 14:55:00 2024-05-24 2024-05-24 true Cash Flow Indirect Declaration of unmodified opinion Single segment Infrastructure Devlopment and Construction/Project Activities 2024-01-01 2024-03-31 Audited Standalone 23420126000.00 100141000.00 23520267000.00 15392404000.00 0.00 0.00 984494000.00 135491000.00 265788000.00 1390857000.00 18169034000.00 5351233000.00 0.00 5351233000.00 1363317000.00 -35487000.00 1327830000.00 0.00 4023403000.00 0.00 0.00 0.00 0.00 4023403000.00 7622000.00 4031025000.00 0.00 0.00 513078000.00 2 15.68 15.68 0.00 0.00 15.68 15.68 Notes: 1. The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 24, 2024. 2. The results for the quarter and year ended March 31, 2024 are in compliance with an 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 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 year ended on March 31, 2024 includes Rs.29,679.41 Lakhs towards Arbitration Awards received for two projects namely Dholpur-Morena Section of NH-3, National Highways Authority of India (NHAI) and Gurgaon-Nuh-Rajasthan Border (SH-13), Haryana State Roads & Bridges Development Corporation Limited (HSRDC) whereas Contract Revenue for year ended on March 31, 2023 includes Rs.3,701.52 Lakhs towards bonus received for early completion of Purvanchal Expressway (Package VI), Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). 4. 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 and Water EPC as reportable segments. 5. As permitted by paragraph 4 of Ind AS 108, Operating Segments , notified under section 133 of the Companies Act, 2013, read together with the relevant rules issued thereunder, if a single financial report contains both consolidated financial results and the separate financial results of the parent, segment information need to be presented only on the basis of the consolidated financial results. Thus, disclosure required by Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on segment wise revenue results and capital employed are given in consolidated financial results. 6. The Board of Directors have recommended a dividend @ 30% i.e. Rs.0.60/- (Sixty Paisa) per equity share of Rs.2/- each for the financial year 2023-24 subject to approval of members in the ensuing Annual General Meeting. 7. 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. 8. Figures for the previous periods have been regrouped/ rearranged, wherever necessary. *Detailed notes uploaded at website of the Company i.e. www.pncinfratech.com and also 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. Single segment 2023-04-01 2024-03-31 Audited Standalone 76991953000.00 277628000.00 77269581000.00 55484553000.00 0.00 0.00 3556505000.00 658101000.00 1032821000.00 5176882000.00 65908862000.00 11360719000.00 0.00 11360719000.00 2911509000.00 -48690000.00 2862819000.00 0.00 8497900000.00 0.00 0.00 0.00 0.00 8497900000.00 27887000.00 8525787000.00 0.00 0.00 513078000.00 2 47300058000.00 33.13 33.13 0.00 0.00 33.13 33.13 Other Expenses 1390857000.00 Other Expenses 5176882000.00 4712385000.00 0.00 27092000.00 16637694000.00 0.00 1008369000.00 17646063000.00 278895000.00 3096051000.00 25760486000.00 7650125000.00 0.00 19505418000.00 6162425000.00 964024000.00 1085000000.00 910332000.00 28627199000.00 2937968000.00 39215292000.00 7491700000.00 0.00 72467478000.00 513078000.00 47300058000.00 47813136000.00 47813136000.00 234190000.00 4198636000.00 4432826000.00 188142000.00 2323446000.00 6944414000.00 3587038000.00 9333532000.00 2569895000.00 15490465000.00 2166550000.00 52913000.00 0.00 0.00 17709928000.00 24654342000.00 72467478000.00 658101000.00 -6197000.00 -447740000.00 0.00 -318129000.00 -713364000.00 0.00 0.00 0.00 2543464000.00 0.00 1215339000.00 436710000.00 1032821000.00 0.00 0.00 -141518000.00 0.00 0.00 -268000.00 0.00 82178000.00 0.00 0.00 0.00 0.00 -90949000.00 73385000.00 0.00 4159477000.00 15520196000.00 0.00 0.00 0.00 2911509000.00 0.00 12608687000.00 0.00 0.00 0.00 7223600000.00 0.00 0.00 0.00 0.00 42452000.00 479031000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1262000.00 0.00 0.00 0.00 0.00 930000000.00 810000000.00 0.00 0.00 0.00 57194000.00 0.00 -138985000.00 0.00 -7863232000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1215062000.00 1893459000.00 0.00 46119000.00 128270000.00 658101000.00 0.00 0.00 -1510887000.00 3234568000.00 0.00 3234568000.00 2927857000.00 6162425000.00 7622000.00 27887000.00 0.00 0.00