Quarterly Financial Results
Cemindia Q1 Results: Order Book Hits Record ₹31,307 Crore in Q1 FY27
NSE
CEMPRO
BSE
509496
Cemindia Projects Limited reported 5.6% YoY growth in consolidated revenue to ₹2,721 crore in Q1 FY27, while EBITDA increased 9.4% and PAT grew 2.6% YoY. The company also achieved its highest-ever order book of ₹31,307 crore, providing strong multi-year revenue visibility.
PRICE-SENSITIVE TRIGGER
Event: Cemindia Q1 Results
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The company reported steady earnings growth alongside a record order book, strengthening long-term revenue visibility and reinforcing its execution pipeline across infrastructure projects.
Metrics:
Key Metrics:
- Revenue: ₹2,721 crore vs ₹2,576 crore (+5.6% YoY)
- EBITDA: ₹285 crore vs ₹261 crore (+9.4% YoY)
- EBITDA Margin: 10.5% vs 10.1% (+40 bps YoY)
- PAT: ₹141 crore vs ₹137 crore (+2.6% YoY)
- PAT Margin: 5.2% vs 5.3%
- QoQ Movement: Not disclosed.
- YoY Movement: Revenue, EBITDA and PAT registered positive growth.
- Segment Performance: The company operates primarily in the Engineering & Construction segment across infrastructure, metro, marine, highways, industrial, and water projects.
Highlight:
- Order Book: ₹31,307 crore (Record High)
What Happened ?
Cemindia Projects Limited announced its Q1 FY27 financial results, delivering steady growth in revenue and profitability. During the quarter, the company secured more than ₹8,500 crore of new orders, taking its total order book to an all-time high of ₹31,307 crore, providing strong visibility for future revenue and project execution.
key details
Key Highlights
- Consolidated revenue increased 5.6% YoY to ₹2,721 crore.
- EBITDA grew 9.4% YoY to ₹285 crore.
- PAT increased 2.6% YoY to ₹141 crore.
- Record order book reached ₹31,307 crore as of June 30, 2026.
- New orders worth over ₹8,500 crore were secured during Q1 FY27.
- Major projects secured include:
- Underground Metro Project in Delhi.
- Civil & Structural Works at a steel plant in West Bengal.
- Morsagar Artificial Reservoir and Feeder Project in Rajasthan.
- Key execution milestones achieved during the quarter:
- Substantial completion of the 157 km Ganga Expressway project in Uttar Pradesh.
- Completion of the West Container Terminal project at Colombo Port, Sri Lanka.
- Completion of major structures at the Coke Oven Project in Gujarat.
- Financial position remained healthy with:
- Net Worth: ₹2,492 crore.
- Net Debt: ₹700 crore.
- Net Debt-to-Equity: 0.28x.
Note:
- The record order book significantly strengthens Cemindia’s long-term revenue pipeline while diversified project wins across metro, industrial, marine, and water infrastructure improve business visibility. Strong execution across major infrastructure projects further supports future earnings growth and reinforces the company’s position in India’s engineering and construction sector.
Risk Analysis
Summary:
- Although the record order book improves long-term visibility, execution risks, project timelines, commodity price movements, and working capital requirements remain key factors influencing future profitability.
Key Risks:
- Revenue realization depends on timely project execution.
- Infrastructure projects are exposed to regulatory and approval delays.
- Rising construction material and labour costs may impact margins.
- Working capital requirements remain elevated for EPC businesses.
- Delays in project execution could postpone revenue recognition.
Worst Case:
- If project execution slows due to regulatory approvals, cost inflation, or customer delays, revenue conversion from the record order book could be deferred, affecting profitability and cash flows.
Risk Level: Medium
Company Commentary
According to Cemindia Projects:
- The company delivered another quarter of consistent operational and financial performance.
- Record order inflows increased the order book to ₹31,307 crore, providing strong multi-year revenue visibility.
- Management believes disciplined execution capabilities and strong client relationships position the company to capitalize on India’s infrastructure growth opportunities.
- The company remains focused on delivering sustainable long-term value through consistent project execution.
Official Exchange Filing: Cemindia Projects Limited
