Odisha: Srinibas Pradhan Constructions Limited (SPCON) (NSE: SPCON), one of the leading infrastructure-focused EPC company engaged in roads & highways, bridges, industrial projects, and civil construction works, has announced its unaudited Financial Results for H1 FY27.

Consolidated Financial Highlights

Key Financial Highlights – H1 FY27 (YoY):

  • Total Income of ₹3,929.66 Lakh
  • EBITDA of ₹895.13 Lakh, registering a YoY growth of 17.18%
  • EBITDA Margin of 22.81%, expanding by 605.81 Bps YoY
  • PAT of ₹550.04 Lakh, registering a YoY growth of 33.87%
  • PAT Margin of 14.02%, expanding by 500.64 Bps YoY
  • Diluted EPS of ₹7.00, registering a YoY growth of 1.60%

Key Financial Highlights – H1 FY27 (HoH):

  • Total Income of ₹3,929.66 Lakh
  • EBITDA of ₹895.13 Lakh, registering a HoH growth of 22.00%
  • EBITDA Margin of 22.81%, expanding by 637.36 Bps HoH
  • PAT of ₹550.04 Lakh, registering a HoH growth of 34.10%
  • PAT Margin of 14.02%, expanding by 482.80 Bps HoH
  • Diluted EPS of ₹7.00, registering a HoH growth of 5.11%

Operational Highlights

Purchase order from NTPC Limited – DSTPP Stage-II   

  • Received an ₹8.22 Cr order, through its wholly owned subsidiary Srinibas Pradhan Infra Private Limited, for the connecting road to the proposed labour/material entry gate at DSTPP Stage-II.
  • Execution Period: May 21 – November 20, 2026.

Bandhabahal–Barihapali Road, Jharsuguda            

  • Undertaking the widening and strengthening of an 18.59 km road under the State Plan, with a project value of approximately ₹32.74 Cr.
  • Target Completion: January 2028.

Road projects under Mukhya Mantri Sadak Yojana (MMSY)          

  • Limidihi PWD Road to Machida: Road development via Rengali, Sukulpali and Nuadihi under MMSY-TRIP, with a project value of approximately ₹4.19 Cr.
  • Sunari Chhak to Balanda Road: Road improvement project valued at approximately ₹5.66 Cr.

PWD registrations      

  • SPCON holds Class A PWD contractor registration, while its subsidiary holds Special Class PWD contractor registration in Odisha.
  • Both registrations are valid until March 31, 2028, enabling the Group to participate in and bid for larger government infrastructure projects.

Segment-wise Revenue Breakup – H1 FY27

  • Construction Work: Revenue of ₹3,126.65 lakh, contributing 79.69% to total revenue.
  • Transportation: Revenue of ₹696.96 lakh, contributing 17.76% to total revenue.
  • Other Operational Segment: Revenue of ₹99.84 lakh, contributing 2.54% to total revenue.

Commenting on the performance, Mr. Srinibas Pradhan, Managing Director of Srinibas Pradhan Constructions Limited said: “Despite heavy monsoon conditions across Odisha, we maintained operational efficiency through our in-house machinery, asphalt plant and captive supply of key construction materials. During H1 FY27, we secured a new order worth ₹8.22 Cr from NTPC Limited for the connecting road at DSTPP Stage-II and continued progress on the widening and strengthening of the 18.59 km Bandhabahal–Barihapali road project in Jharsuguda, valued at ₹32.74 Cr, further strengthening our project portfolio.

Coming to our financial performance, H1 FY27 Total Income stood at ₹3,929.66 lakh. EBITDA increased 17.18% YoY to ₹895.13 lakh, with EBITDA margin improving by 605 bps to 22.81%. Net profit grew 33.87% YoY to ₹550.04 lakh, reflecting improved profitability.

Looking ahead, with the onset of the main construction season and increasing infrastructure opportunities in Odisha, we remain focused on strengthening our order book, accelerating project execution and sustaining profitable growth.”