Rs 5,362 crore Order Book: India's fastest-growing Infrastructure Development Company Secures Rs 77.91 Crore Railway Overbridge Project from Jaipur Development Authority

Vishnu Prakash R Punglia Limited announced on July 12, 2025, that it has received a Letter of Acceptance from the Jaipur Development Authority (JDA). This significant order, valued at 779.15 million Indian Rupees, is for the "Construction of ROB at LC-67(A) Saligrampura Phatak between km 107/5 & 107/6 on Jaipur- Sawai Madhopur (JP-SWM) Railway line in zone-14 JDA Jaipur." The company clarified that this is a domestic award and there is no interest from the promoter/promoter group/group companies in the entity awarding the contract, nor does it fall under related party transactions. The company considers this work to be in its normal course of business.

In FY24, the company secured fresh orders worth Rs. 1,850.55 crore, with Rs. 1,134.05 crore linked to railway infrastructure projects. The remaining order inflow was from segments such as water supply, civil construction, and other engineering services. As of March 31, 2025, the company’s order book stood at Rs. 5,362 crore, offering revenue visibility for the next two to three years. Additionally, the company is actively participating in bids worth Rs. 4,500 crore, with a historical success rate of 16 per cent. The management anticipates a healthy conversion rate going forward, supported by its sectoral alignment and past track record.

Strategically, the company is strengthening its presence in the railway infrastructure segment, including station redevelopment, electrification, and safety systems. It is also maintaining its focus on water infrastructure, supported by ongoing government initiatives such as the Namami Gange and Jal Jeevan Mission. This sectoral focus is expected to drive long-term order inflows and support growth momentum.

Financially, the company reported Q4 FY25 revenue of Rs. 405 crore, representing a 38 per cent decline year-on-year. EBITDA for the quarter stood at Rs. 46 crore, down 57 per cent, with an EBITDA margin of 11.26 per cent. Net profit for the quarter was Rs. 16 crore, a drop of 76 per cent, and the PAT margin came in at 4 per cent. For the full year FY25, the company posted revenue of Rs. 1,237 crore, down 16 per cent compared to the previous year. Full-year EBITDA was Rs. 155 crore, lower by 26 per cent, with an EBITDA margin of 12.56 per cent, while net profit stood at Rs. 59 crore, down 52 per cent, and a PAT margin of 4.74 per cent.

The decline in financial performance was primarily attributed to payment delays from government contracts, particularly under schemes like the Jal Jeevan Mission. These delays resulted in execution challenges and increased working capital requirements, which impacted both revenues and profitability.

Founded in 1986, Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. It specializes in designing and constructing large-scale infrastructure projects for both the Central and State Governments and private entities. With a strong track record and a growing portfolio of projects, the company remains a key player in India’s expanding infrastructure landscape.

Disclaimer: This article is purely for informational purposes and should not be considered as investment advice.