Vishnu Prakash R Punglia Ltd (NSE:VPRPL)
₹ 29.05 -0.59 (-1.99%) Market Cap: 3.63 Bil Enterprise Value: 9.49 Bil PE Ratio: 0 PB Ratio: 0.58 GF Score: 42/100

Q2 2026 Vishnu Prakash R Punglia Ltd Earnings Call Transcript

Nov 17, 2025 / 11:30 AM GMT

Key Points

Positve
  • Vishnu Prakash R Punglia Ltd (NSE:VPRPL) has a strong order book of over INR 5,000 crores, providing clear visibility for the next 2 to 3 years.
  • The company achieved an on-time delivery rate of over 90%, supported by efficient deployment of manpower, machinery, and materials.
  • Promoter support has been significant, with interest-free unsecured loans increasing from 60 crores in March 2025 to around 229 crores in September 2025.
  • Receivable collections have improved, aided by significant payment releases from the Rajasthan government in October.
  • The company's bidding pipeline remains healthy at over INR 3,000 crores, with tenders submitted in roads, bridges, urban infrastructure, and renewable link construction.
Negative
  • Operating revenue for the second quarter decreased by around 12% year on year.
  • EBITDA for the quarter declined by around 50% year on year, with an EBITDA margin at 8.25%.
  • Net profit for the quarter was low, with a PAT margin of 1.25%.
  • The moderation in EBITDA and PAT margin was largely due to higher working capital utilization and slow repayment releases from seawater supply projects.
  • There was a significant increase in trade receivables, which has been a persistent issue over the past quarters.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VISH.NS - Vishnu Prakash R Punglia Ltd
Q2 2026 Vishnu Prakash R Punglia Ltd Earnings Call
Nov 17, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Vishnu Prakashhar Pungalia Limited's Q2NH1FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Ms Hena Khari from Valaram Advisors.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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