Ganesh Infraworld LimitedQuarter ended June 30, 2026 Results & Financial Update
Ganesh Infraworld Limited: Quarter ended June 30, 2026 consolidated results and company financials – revenue ₹378.77 Cr, PAT ₹29.71 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Ganesh Infraworld Quarter ended June 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Ganesh Infraworld posted robust financial growth for the quarter ended June 30, 2026, delivering consolidated revenue from operations of INR 378.77 crore, marking a significant expansion compared to the same period in the previous year.
Consolidated profitability scaled correspondingly, with Profit Before Tax reaching INR 39.56 crore and Net Profit After Tax (PAT) touching INR 29.71 crore, supported by strong execution across multiple segments.
Water Infrastructure and Mining Development Operations emerged as primary growth engines during the quarter, offsetting moderation in the Civil and Electrical Infrastructure segment.
Finance costs and depreciation expenses increased on a consolidated basis due to expanded business operations, subsidiary consolidation, and deployment of heavy machinery.
Management highlighted steady execution across major projects, including the Doodh Ganga Water Supply Project in Jammu & Kashmir and continued progress on large-scale mining and utility assignments.
The company maintained a healthy total consolidated order book of over INR 4,090 crore as of June 30, 2026, providing substantial revenue visibility for future quarters.
01 · Business model
What does Ganesh Infraworld do?
Ganesh Infraworld Limited provides comprehensive, end-to-end execution support and integrated site construction solutions for EPC players across industrial, civil, water, road, structural, and heavy erection works in India.
Its geographic footprint spans across 10 states in India, backed by a strong team of engineers and long-term business relationships with major industrial and government entities.
02 · Historical context
What shaped the business before this quarter
Originally incorporated as a partnership firm named 'M/s Ganesh International' on May 15, 2017.
Subsequently converted from a partnership firm to a private limited company and later to a public company before listing on the NSE SME EMERGE platform.
Expanded capabilities into Mining Development Operations in FY25, securing major orders with Northern Coalfields and Odisha Mining Corporation.
Acquired Kandoi Transport Limited (subsequently renamed Tykoon Mines GK Limited) and diversified into Transportation & Equipment Leasing Services leading into FY27.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended June 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹378.77 Cr | ₹180.66 Cr | ₹229.58 Cr |
| Total income | ₹381.65 Cr | ₹181.30 Cr | ₹231.29 Cr |
| EBITDA | ₹61.60 Cr | ₹21.39 Cr | ₹31.34 Cr |
| Profit before tax | ₹39.56 Cr | ₹19.53 Cr | ₹26.07 Cr |
| Profit after tax | ₹29.71 Cr | ₹14.61 Cr | ₹19.38 Cr |
| EPS | ₹6.96 | ₹3.42 | ₹5.73 |
| EBITDA margin | 16.26% | 11.84% | 13.65% |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Water infrastructure segment revenue expanded significantly to INR 118.26 crore for Q1 FY27, driven by sustained execution on major water supply and Jal Jeevan Mission assignments.
Mining Development Operations contributed INR 137.64 crore in segment revenue during the quarter, supported by ongoing mechanized excavation and overburden removal contracts.
The newly added Transportation segment contributed INR 40.76 crore to consolidated revenues following fleet integration and bulk material movement activities.
What drove margins
Consolidated EBITDA margin improved to 16.26% in Q1 FY27 compared to 11.84% in Q1 FY25, driven by a higher realization mix from specialized water and mining operations.
Construction and other direct expenses stood at INR 308.26 crore, representing the primary operating cost component across project sites.
Finance costs rose to INR 12.96 crore and depreciation expenses increased to INR 10.08 crore on a consolidated basis, reflecting higher capital deployment, equipment financing, and subsidiary operations.
05 · Demand, customers & order book
Where demand is coming from
Consolidated order book stood at INR 4,090.3 crore as of June 30, 2026, providing strong multi-year revenue visibility across business segments.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated segment revenue of INR 118.26 crore with an EBITDA of INR 19.87 crore, reflecting robust demand across bulk and distribution pipeline projects.
Delivered segment revenue of INR 137.64 crore and an EBITDA of INR 26.84 crore, benefiting from large-scale overburden removal and material handling contracts.
Recorded segment revenue of INR 76.25 crore and an EBITDA of INR 9.18 crore as execution transitioned across various transmission and sub-station projects.
Transportation generated INR 40.76 crore in revenue with an EBITDA of INR 4.76 crore, while Equipment Rental & Leasing contributed INR 0.21 crore.
Geography and market mix
The company maintained active project execution across 10 states in India, with major concentrations in Eastern, Central, and Northern regions including West Bengal, Uttar Pradesh, Odisha, and Jammu & Kashmir.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Utilized Heavy Earth Moving Machines (HEMM) and a diversified heavy vehicle fleet to support mechanized mining, excavation, and bulk material transport operations.
Projects, capex and execution
Property, plant, and equipment increased following ongoing capital deployments for project execution, subsidiary integration, and expansion of equipment rental capabilities.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Consolidated financial results included Tykoon Mines GK Limited (60% equity), M/s Ganesh Netsoft JV Networks (60%), and Trivanta Resources Private Limited (51%). Additionally, GRV Global L.L.C-FZ was incorporated in Dubai on April 12, 2025, for international expansion, pending capital subscription.
09 · Reported developments
What changed operationally
Received formal client appreciation during project inspection of the Doodh Ganga Water Supply Project (DG-1) in Jammu & Kashmir, reflecting quality execution standards.
Expanded capabilities into specialized railway EPC projects and advanced electrical transmission works.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Trade receivables stood at INR 337.5 crore at the end of the period, reflecting working capital intensity inherent to large-scale infrastructure and government EPC execution.
Capital allocation & funding
Consolidated borrowings included long-term borrowings of INR 146.1 crore and short-term borrowings of INR 348.3 crore as of March 31, 2026, supporting asset acquisition and operational scaling.
11 · Management guidance & targets
What management is targeting from here
Management expressed confidence in sustaining growth momentum, backed by a strong execution pipeline, favorable national infrastructure spending, and diversified segment capabilities.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Executive Leadership
Led by Founder & CMD Mr. Vibhoar Agrawal, supported by CFO Mr. Sudhir Ojha, CTO Mr. Radheshyam Saini, and COO Mr. Rup Kumar Bhattacharya.
13 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations compared against Q4 FY26 (INR 229.58 crore) reflected strong sequential expansion in project billings during Q1 FY27.
14 · Key Q&A
The quarter, answered directly
What does Ganesh Infraworld do?
Ganesh Infraworld Limited provides comprehensive, end-to-end execution support and integrated site construction solutions for EPC players across industrial, civil, water, road, structural, and heavy erection works in India.
What is the clearest takeaway from Quarter ended June 30, 2026?
Ganesh Infraworld posted robust financial growth for the quarter ended June 30, 2026, delivering consolidated revenue from operations of INR 378.77 crore, marking a significant expansion compared to the same period in the previous year.
What drove revenue or demand?
Water infrastructure segment revenue expanded significantly to INR 118.26 crore for Q1 FY27, driven by sustained execution on major water supply and Jal Jeevan Mission assignments.
What mattered most for margins or profitability?
Consolidated EBITDA margin improved to 16.26% in Q1 FY27 compared to 11.84% in Q1 FY25, driven by a higher realization mix from specialized water and mining operations.
What changed operationally beyond the headline numbers?
Utilized Heavy Earth Moving Machines (HEMM) and a diversified heavy vehicle fleet to support mechanized mining, excavation, and bulk material transport operations.
What is management guiding or targeting from here?
Management expressed confidence in sustaining growth momentum, backed by a strong execution pipeline, favorable national infrastructure spending, and diversified segment capabilities.
15 · Scenario calculator
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Order Book Execution: Execution pace and billing realization across the INR 4,090 crore consolidated order book.
- 02
Working Capital and Receivables: Collection cycles and trade receivable realization from key government and industrial clients.
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