SRM Contractors delivered strong Q3 & 9MFY26 results.

Q3 revenue jumped 53.69% YoY to Rs 231.21 Cr, with PAT up 50% to Rs 24 Cr.

For 9MFY26, revenue surged 92.92% YoY to Rs 580 Cr, and PAT grew 83% to Rs 57 Cr, showing improved execution.

The order backlog stands solid at Rs 1423.79 Cr.

A key strategic move is SRM's 51% acquisition of Maccaferri Infrastructure Pvt. Ltd. (MIPL), enhancing geotechnical expertise and expanding its reach in India and abroad.

The company plans to enter Hybrid Annuity Model (HAM) projects and pursue international growth in GCC/African markets, leveraging its expertise in complex terrains.

Recent developments include new leadership appointments and capex of Rs 78 Cr incurred till 9MFY26. Financial health is strengthening, with Long-Term Bank facilities upgraded to CARE A- (Gross Debt-Equity Ratio at 0.16 as of Dec 2025). Management projects FY26 topline of Rs 800-900 Cr, with EBITDA margins of 16-17% and PAT margins >9%. A robust bid pipeline over Rs 4271 Cr indicates strong future growth.