Univastu India Limited Q4 FY26 Earnings Call Transcript Released
Univastu India Limited reported strong Q4 FY26 results with revenue at ₹109.44 crore (up 174.23% YoY) and PAT at ₹10.33 crore. Full-year FY26 revenue was ₹243.35 crore (up 42.16% YoY) and PAT at ₹25.69 crore. The company has a robust order book of ₹1,854 crore, with plans to execute ₹600 crore in FY27 and ₹900 crore in FY28. They expect EBITDA margins of 17-18% for FY27-28.
The announcement includes substantial financial growth figures, a robust order book, and clear revenue visibility for the next few years, which are material factors for investors.
The company reported significant year-on-year growth in revenue and profit, a strong order book, and positive future outlook, indicating a favorable financial performance.
Univastu India Limited has released the transcript of its earnings call for the fourth quarter and full year ended March 31, 2026. The call, held on June 26, 2026, provided insights into the company's financial performance and strategic outlook.
During the call, Chief Financial Officer Girish Deshmukh reported that for Q4 FY26, revenue from operations stood at ₹109.44 crore, marking a significant year-on-year growth of 174.23% and a quarter-on-quarter increase of 94.88%. EBITDA for the quarter was ₹15.26 crore, with an EBITDA margin of 13.94%. Profit after tax (PAT) was ₹10.33 crore, resulting in a PAT margin of 9.44%, and earnings per share (EPS) of ₹2.84.
For the full year FY26, revenue from operations reached ₹243.35 crore, a 42.16% increase year-on-year. The full-year EBITDA was ₹14.61 crore, with an EBITDA margin of 17.10%, and PAT stood at ₹25.69 crore, representing a PAT margin of 10.56%. The full-year EPS was ₹6.48.
Dr. Pradeep Khandagale, Chairman and Managing Director, highlighted the company's strategic shift towards becoming a tech-driven infrastructure company, leveraging its Class 1A unlimited license to bid for large government tenders independently. The order book stands at ₹1,854 crore, providing revenue visibility for the next 2-3 years, with a strong book-to-bill ratio of 2 times. The company has diversified its business across eight segments, including niche areas like Metro BMS and tunnel ventilation, to mitigate sector-specific slowdowns and safeguard profit margins.
Strategic acquisitions and partnerships, such as Bootes Infra LLP for net-zero projects and a tie-up with Myrtha Pools, Italy, are aimed at expanding market reach and securing a competitive edge. The leadership team's extensive experience in civil engineering and defense services is expected to ensure efficient project execution and cost management.
In Q4, the company secured fresh orders worth ₹1,317 crore from major clients like MMRDA and L&T Metro. The company expects to execute ₹600 crore in revenue for FY27 and ₹900 crore for FY28, with further order wins expected to be in addition to these figures. The company is targeting a revenue CAGR of over two times in the current year and aims for a minimum ₹1,000 crore new order pipeline for FY27. The company also mentioned that all its contracts include price escalation clauses, mitigating concerns about raw material inflation impacting margins, with EBITDA margins expected to be between 17% and 18% for FY27 and FY28.
Regarding financing, the company has credit facilities from Canara Bank and HDFC Bank, and expects an inflow of ₹14 crore from warrants in July. The debt-to-equity ratio is expected to remain within comfortable limits. The Aligarh land monetization project, a joint venture, is expected to generate around ₹250 crore in revenue with a 20% EBITDA margin over 78-96 months. The company is also exploring tunnel ventilation as a new segment, with a target of the first order within six months.
The transcript also addressed queries on revenue recognition, with the company following the percentage of completion method, recognizing profit only after 25% project completion. Operating cash flow is expected to remain positive in FY27. The company's share capital saw a significant increase due to bonus issues and preferential allotments, with promoter holding at around 63-67%.
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