PNC Infratech Bags Nearly Rs 500 Crore Contract For Bridge Construction

PNC Infratech Ltd. bagged an order worth Rs 496 crore on Friday to build a "high-level bridge and approach road", according to an exchange filing.

Bihar State Road Development Corp. issued a letter of acceptance to PNC Infratech to undertake the project. The specifics of the project involves the construction of the bridge and approach road on Hathouri-Atrar Bavangama-Aurai Road on engineering, procurement and construction basis.

The contract is to be executed within the time period of three years.

PNC Infratech reported a 34% year-on-year decline in revenue in the first quarter of fiscal 2026 to Rs 1,423 crore from Rs 2,168 crore in the year-ago period. Net profit after tax was at Rs 431 crore YoY, which was 25% less than Rs 575 crore in the previous fiscal.

Its earnings before interest, taxes, depreciation and amortisation was Rs 367 crore, showing a 62.4% decline from Rs 969 crore in fiscal 2025. Ebitda margin contracted to 25.8% from 44.7% in the year ago period.

Shares of PNC Infratech closed 1.43% lower at Rs 305.10 apiece on the NSE, compared to a 0.38% fall in the benchmark Nifty. The stock has fallen 29.47% in the last 12 months and 8.06% on a year-to-date basis.

Out of 18 analysts tracking the company, 14 have a 'buy' rating on the stock, four recommend 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside/downside of 22.9%.