Srinibas Pradhan Constructions Limited (SPCON), a leading infrastructure-focused EPC company specializing in roads, highways, bridges, industrial projects, and civil construction works, has announced its audited financial results for the second half of fiscal year 2026 (H2 FY26) and the full fiscal year FY26. The company, listed on the NSE Emerge platform, reported robust profitability growth driven by improved project execution and operational efficiencies.
FY26 Consolidated Financial Highlights
For the full fiscal year FY26, SPCON reported revenue of ₹9,030.24 lakhs, reflecting a modest year-on-year growth of 0.64%. The company's EBITDA stood at ₹1,506.53 lakhs, a substantial increase of 15.47% compared to the previous fiscal year. The EBITDA margin expanded by 214 basis points to reach 16.68%. Profit after tax (PAT) surged by 24.62% to ₹821.02 lakhs, with the PAT margin improving by 175 basis points to 9.09%. Earnings per share (EPS) for FY26 were ₹13.33, marking a 17.55% year-on-year growth.
H2 FY26 Performance
In the second half of FY26, the company generated revenue of ₹4,467.28 lakhs, which represented a decline of 17.74% compared to the same period in the previous year. However, profitability metrics showed strong improvement. EBITDA increased by 16.03% to ₹738.39 lakhs, and the EBITDA margin expanded significantly by 481 basis points to 16.53%. PAT grew by 32.13% to ₹410.17 lakhs, with the PAT margin expanding by 346 basis points to 9.18%. EPS for H2 FY26 stood at ₹6.66, a 24.72% year-on-year increase.
It is important to note that total income includes both revenue from operations and other income. EBITDA and PAT margins are calculated based on total income.
Management Commentary
Mr. Srinibas Pradhan, Managing Director of Srinibas Pradhan Constructions Limited, commented on the results: "We are pleased with our performance during H2 FY26. 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 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."
About Srinibas Pradhan Constructions Limited
SPCON is an infrastructure-focused EPC company with over two decades of industry experience. The company operates through its wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, which is a PWD Special Class Contractor in Odisha, while SPCON itself operates as a PWD Class A Contractor. This structure enables participation across a broader range of government tenders while retaining existing contractor qualifications. SPCON is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards.
The company follows an integrated business model supported by in-house construction capabilities, owned machinery, and quality-control infrastructure. Backward integration and on-site testing facilities ensure 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 FY26, SPCON reported consolidated total income of ₹9,030.24 lakhs, EBITDA of ₹1,506.53 lakhs, and PAT of ₹821.02 lakhs.
