Synopsis: PNC Infratech Limited has secured a major infrastructure project in Uttar Pradesh through a joint venture, strengthening its execution pipeline and reinforcing its presence in large transportation and bridge construction projects.  

The shares of this small cap company majorly engaged in undertaking infrastructure projects  including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development and many more were in focus after the company emerged as L1 bidder for an EPC project. 

With the market capitalization of Rs. 5740 Crores, the shares of PNC Infrastructure Ltd reached an intraday high of Rs. 229 per share rising nearly 4 percent from its previous day close of Rs. 220 per share  and is trading at a P/E of 14 whereas industry P/E stands at 18.3

What is the NEWS

PNC Infratech Limited has emerged as the L1 bidder for a major EPC infrastructure project awarded by UP State Bridge Corporation Ltd. The total quoted project value stands at Rs 571.81 crore. The project involves the construction of a 4-lane major bridge over the Ganga River with footpaths, along with approach roads and protection works connecting Trans Ganga City to Kanpur City in Uttar Pradesh.

The company will execute the project through a joint venture with SPS Constructions India Private Limited, where both partners will have a 50:50 participation ratio. The project is being executed under the Engineering, Procurement and Construction (EPC) mode, which means the joint venture will manage the design, procurement, and complete construction work for the project. The execution timeline for the project is 36 months, providing medium-term revenue visibility for the company. 

About the Company and Financials

PNC Infratech Limited is an infrastructure company engaged in EPC and PPP projects across roads, water, and other segments. It has an order book of Rs. 19,300 crore as of Q3 FY26, ensuring strong execution visibility.

Its portfolio spans roads, water, toll annuity, solar, mining, power transmission, and industrial development. Revenue mix remains led by roads at 68 percent , followed by toll annuity at 19 percent  and water at 13 percent , reflecting gradual diversification. 

Year on Year analysis: Revenue from operations has decreased from Rs. 1470 Crores to Rs. 1201 Crores, down  18 percent. Operating profit has decreased from Rs. 379 Crores to Rs. 239 Crores, down 36 percent and net profit has decreased from Rs. 81 Crores to Rs. 77 Crores, down 5 percent 

Quarter on Quarter analysis: Revenue from operations has increased from Rs. 1128 Crores to Rs. 1201 Crores, up 6.4 percent. Operating profit has decreased from Rs. 253 Crores to Rs. 239 Crores, down 5.5 percent and net profit has decreased from Rs. 216 Crores to Rs. 77 Crores, down 64 percent 

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