Investors

Financial performance and corporate information.

Audited revenue and PAT trend FY2020–FY2026 (₹ in Crore). Order book and credit profile as on 31st March 2026.

10.85%

EBITDA Margin (FY26)

₹267 Crore

PAT (FY26)

₹1,412 Crore

Net Worth (TNW)

₹4,669 Crore

FY26 Revenue

₹3,200 Crore

Rated Banking Limits

CRISIL A+ / A1

Credit Rating

Financial performance · ₹ Crore

Financial metrics by year.

FY2020–FY2026 · Audited

Values in ₹ Crore; stacked segments are separate measures, so column heights are not financial totals. FY2026 figures are audited.

Six-year compound growth

15.5%

Revenue CAGR

FY20 → FY26 · ₹1,942 Cr → ₹4,669 Crore

19.8%

PAT CAGR

₹84.86 Cr → ₹267 Crore

21.9%

EBITDA CAGR

Margin expanded 7.87% → 10.85%

26.8%

Net Worth CAGR

TNW ₹336 Cr → ₹1,412 Cr

Revenue mix — FY2026

Three revenue engines.

Contract Receipts (EPC)₹2,346.69 Cr · 51%

Toll Receipts₹1,840.76 Cr · 40%

Mining₹215.91 Cr · 4.7%

Other Income₹194.66 Cr · 4.2%

EPC now leads the mix

Contract receipts tripled since FY2020 and overtook toll as the largest segment.

Mining added a third engine

Overburden removal and the 25-yr BCCL MDO contract began contributing from FY2024.

Annuity cushions the cycle

Five HAM projects at COD provide contracted annuity inflows alongside O&M.

Order book visibility

As on 31st March 2026.

Total order book (ex un-booked MDO)₹13,304.00 Crore
EPC contracts — 97.3%₹12,895.46 Crore
Toll contracts — 2.7%₹408.54 Crore
MDO scope inside order book (by FY2028–29)₹1,429.24 Crore
Total 25-year BCCL MDO contract value₹16,675.67 Crore

25-year MDO contract with Bharat Coking Coal Limited

₹ 1,429.24 Crore of the total ₹ 16,675.67 Crore MDO contract value is included in the current order book, expected to be executed by FY2028–29, ensuring stable, volume-linked cash flows over the long term.

The diversified order book across EPC (97.3%) and toll (2.7%) reduces sectoral concentration risk and supports predictable execution timelines and revenue visibility.

HAM annuity inflows

Five HAM projects at COD and one at PCOD provide contracted annuity inflows alongside O&M income — a stable recurring layer complementing EPC contract revenues.