Cemindia Projects Ltd (NSE:CEMPRO)
₹ 1,266.4 +58.3 (+4.83%) Market Cap: 217.83 Bil Enterprise Value: 221.50 Bil PE Ratio: 36.20 PB Ratio: 9.08 GF Score: 70/100

Q3 2026 Cemindia Projects Ltd Earnings Call Transcript

Feb 05, 2026 / 01:00PM GMT
Release Date Price: ₹678.85 (-3.04%)

Key Points

Positve
  • Cemindia Projects Ltd (BOM:509496) reported a 13% year-on-year growth in EBITDA for Q3 FY26, reaching INR245 crore.
  • The company achieved a 27% year-on-year increase in PAT, amounting to INR111 crore for Q3 FY26.
  • The EBITDA margin improved to 10.6%, indicating better operational efficiency.
  • The company secured significant orders worth INR11,700 crore during the current year, enhancing its order book.
  • Cemindia Projects Ltd completed several challenging projects, including the Mumbai Metro and Kolkata Metro, showcasing its project execution capabilities.
Negative
  • Revenue growth was impacted by delays in the Vadhavan Port project due to local issues, affecting expected revenue.
  • The company's revenue for Q3 FY26 only increased moderately by 5.6% compared to the previous year.
  • There is uncertainty regarding the commencement of the Vadhavan Port project, which could further impact future revenues.
  • The company faces challenges in converting secured orders into immediate revenue, affecting short-term financial performance.
  • Outstanding receivables from Bangladesh increased to INR170 crore, indicating potential cash flow challenges.
Operator

Welcome to Q3 FY26 Cemindia Projects Limited earnings conference call hosted by ICICI Securities Limited

(Operator Instructions)

I now hand the conference over to Ms. Nidhi, ICICI Securities Limited. Thank you and over to you, ma'am.

Nidhi ICICI Securities Ltd;Institutional Equity Research

Thank you, Muskan. Good evening to all. On behalf of ICICI Securities, I welcome you all to the Q3 FY26 earnings call of Cemindia Projects Limited. Today we have with us from the management, Mr. Jayanta Basu, managing director; Mr. Nitesh Sharma, the CFO; Mr. Rahul Agarwal, head of investor relations. We begin with the opening remarks from the management, followed by a quick Q&A. Thank you and over to you, sir.

Nitesh Sharma
Cemindia Projects Ltd - Chief Financial Officer

Yeah, good evening, everyone, and thank you for joining us on the Q3FY26 results. This is Nitesh Sharma. So, before we begin, I would like to mention that our discussion today may include certain forward-looking statements relating

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