PNCINFRA

What PNC Infratech promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 2 missed 12 open
  • JJM Receivables Clearance at risk said Q1 FY26 Promised: Clearance in Q2 FY26 Q1 FY27: Problem persists. Management states INR 741 crores (excl. GST) is yet to be realized from the government for water projects. The original promise remains significantly delayed.
  • FY26 Standalone EBITDA Margin delivered said Q4 FY25 Promised: ~13% Q4 FY26: Achieved 12.58% for FY26, meeting the revised guidance range.
  • FY26 Revenue Growth missed said Q4 FY25 Promised: 20% growth over FY25 Q4 FY26: Actual standalone revenue was INR 4,633 crores, a 16% decline from FY25's INR 5,513 crores, missing even the final revised guidance.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for PNC Infratech — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens