Divya Agarwal
Bhubaneswar (Odisha) [India], June 03: Srinibas Pradhan Constructions Limited (SPCON) (NSE: SPCON), one of the leading infrastructure-focused EPC company engaged in roads & highways, bridges, industrial projects, and civil construction works, had declared its Audited Financial Results for H2 FY26 & FY26.
Consolidated Financial Highlights
FY26 Financial Highlights
- Revenue of ₹ 9,030.24 Lakhs, YoY growth of 0.64%
- EBITDA of ₹ 1506.53 Lakhs, YoY growth of 15.47%
- EBITDA Margin of 16.68%, YoY expansion of 214 Bps
- PAT of ₹ 821.02 Lakhs, YoY growth of 24.62%
- PAT Margin of 9.09%, YoY expansion of 175 Bps
- EPS of ₹ 13.33, YoY growth of 17.55%
H2 FY26 Financial Highlights
- Revenue of ₹ 4,467.28 Lakhs, decline of 17.74%
- EBITDA of ₹ 738.39 Lakhs, YoY growth of 16.03%
- EBITDA Margin of 16.53%, YoY expansion of 481 Bps
- PAT of ₹ 410.17 Lakhs, YoY growth of 32.13%
- PAT Margin of 9.18%, YoY expansion of 346 Bps
- EPS of ₹ 6.66, YoY growth of 24.72%
Note: Total Income includes both Revenue from Operations and Other Income.
EBITDA and PAT (%) are calculated based on Total Income.
Commenting on the performance, Mr. Srinibas Pradhan, Managing Director of Srinibas Pradhan Constructions Limited, said: “We are pleased with our performance during H2 FY26, wherein despite a moderation in revenue, we delivered strong profitability growth driven by improved project execution, operational efficiencies, and disciplined cost management.
We also strengthened our project portfolio through our wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, by securing L1 status for a road construction project in Jharsuguda, Odisha and receiving a purchase order from NTPC Limited for infrastructure development works at DSTPP Stage-II. These project wins further reinforce our capabilities in road infrastructure, industrial development, and government-led projects while enhancing our execution visibility.
Going forward, we remain focused on strengthening our order pipeline, improving execution efficiency, and expanding our presence across key infrastructure segments. With a healthy project portfolio, growing opportunities in public infrastructure spending, and a strong execution track record, we are confident of creating sustainable value for all stakeholders and driving long-term growth.”
Consolidated Operational Highlights
| Receipt of L1 Status for Road Construction Project in Jharsuguda, Odisha | Received L1 status from CCE RW Circle, Sundargarh through wholly owned subsidiary, Srinibas Pradhan Infra Private Limited for road construction project for Limidihi PWD Road to Machida via Rengali, Sukulpali, and Nuadihi in Jharsuguda district under MMSY-TRIP for the year 2025-26Project order value stands at approximately ₹4.19 croreStrengthens execution portfolio in road infrastructure development projects in OdishaReinforces Company’s presence in government infrastructure projects and regional connectivity initiatives |
| Receipt of NTPC Purchase Order for DSTPP Stage-II | Received purchase order from NTPC Limited through wholly owned subsidiary, Srinibas Pradhan Infra Private LimitedSecured contract for construction of Connecting Road to Proposed Labour/Material Entry Gate for DSTPP Stage-IProject order value stands at approximately ₹8.22 croreExecution timeline scheduled from May 21, 2026 to November 20, 2026Further strengthens presence in industrial and infrastructure development projects with reputed public sector enterprises |
| Key P.W.D. Registrations | Srinibas Pradhan Constructions Limited has been upgraded from B Class to A Class P.W.D. Contractor by the Works Department, Bhubaneswar, Odisha.Wholly-owned subsidiary “Srinibas Pradhan Infra Private Limited” has been upgraded from A Class to Special Class P.W.D. Contractor.These upgraded registrations enhance the Group’s eligibility to bid for and execute larger and higher-value infrastructure projects.The certifications strengthen the Company’s ability to participate in premium government tenders, supporting future order inflows and revenue growth.Both certificates are valid until March 31, 2028. |
About Srinibas Pradhan Constructions Limited (SPCON)
Srinibas Pradhan Constructions Limited (SPCON) is an infrastructure-focused EPC company engaged in roads & highways, bridges, industrial projects, and civil construction works. With over two decades of industry experience, the company has built a strong presence through efficient execution, technical expertise, and long-standing relationships with government departments and institutional clients.
The company’s structure includes its wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, a PWD Special Class Contractor in Odisha, while SPCON operates as a PWD Class A Contractor. This enables participation across a broader range of government tenders while retaining existing contractor qualifications. SPCON is also certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards.
SPCON operates with an integrated business model supported by in-house construction capabilities, owned machinery, and quality-control infrastructure. The company maintains operational efficiency through backward integration and on-site testing facilities, ensuring better execution control and quality standards.
The transition into a public limited company and listing on the NSE Emerge platform in 2026 marked a key milestone in the company’s growth journey. In FY26, SPCON reported consolidated total income of ₹9,030.24 lakhs, EBITDA of ₹1,506.53 lakhs, and PAT of ₹821.02 lakhs.
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