A2ZINFRA

A2Z Infra Engineering financials

Market cap
₹272 Cr
Sector
Construction

What A2Z Infra Engineering Limited does

A2Z Infra Engineering Limited is an EPC (engineering, procurement and construction) company operating across two core businesses. In Power Transmission & Distribution, it provides integrated design, testing, installation, construction and commissioning services on a turnkey basis, building and maintaining substations and switchyards up to 765 kV, transmission lines up to 765 kV, and 11/33 kV HVDS/LVDS distribution lines, including rural electrification, railway overhead electrification and feeder renovation work. In Telecom Infrastructure, it supplies, lays and maintains Optical Fibre Cable (OFC) networks, undertaking turnkey construction of telecom network backbones in remote and border terrains, network integration and O&M services, including work for an Airtel group company (Telesonic Network Ltd.). It has executed projects across multiple Indian states and maintains an overseas presence in Nepal, Uganda and Tanzania.

Segments

  • Power Transmission & Distribution
  • Telecom Infrastructure EPC
Substation & switchyard capability
up to 765 kV
Transmission line capability
up to 765 kV
Distribution line voltage class
11/33 kV (HVDS/LVDS)
Overseas markets
Nepal, Uganda, Tanzania
Domestic states with completed projects
10 (incl. Jammu & Kashmir, Rajasthan, Orissa, Bihar, Arunachal Pradesh, Jharkhand, Kerala, Chhattisgarh, Haryana, UP, Himachal Pradesh)
Direct/step-down subsidiaries
9
Founded 2002Headquarters Gurugram, Haryana Company website

Quarterly results

Q1 FY27: revenue down 24.4%, net profit down 103.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue78 85 91 91 95 +21%109 +29%92 +2%68 −24%
EBITDA-1 -3 9 7 6 +517%-0 +83%-3 −135%1 −91%
Net profit1 -1 1 1 -1 −200%-1 +32%7 +428%-0 −104%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −21.3% 1Y

₹12.0₹14.0₹16.0₹18.0₹20.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹19.49 on 10 Sept 2025 → ₹15.33. High ₹19.49 (10 Sept 2025), low ₹12.06 (28 Jul 2026).

Financials, as filed

Revenue grew 3.4% a year over 3 years, FY23 to FY26. Operating margin widened to 2.2%.

Year endingFY23FY24FY25FY26
Revenue₹349 Cr₹388 Cr₹336 Cr₹386 Cr
Operating profit₹-7 Cr₹-89 Cr₹7 Cr₹9 Cr
Operating margin-2.1%-22.8%2.0%2.2%
Interest₹13 Cr₹6 Cr₹8 Cr₹7 Cr
Depreciation₹9 Cr₹5 Cr₹5 Cr₹5 Cr
Net profit₹-126 Cr₹-7 Cr₹1 Cr₹5 Cr
Net margin-36.1%-1.9%0.3%1.4%
Cash from operations₹55 Cr₹95 Cr₹54 Cr—
Free cash flow₹50 Cr₹85 Cr₹51 Cr—
ROCE7.0%-20.0%14.0%16.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹176 Cr₹176 Cr₹176 Cr₹176 Cr₹176 Cr₹176 Cr
Reserves₹237 Cr₹162 Cr₹-17 Cr₹-138 Cr₹-144 Cr₹-132 Cr
Borrowings₹477 Cr₹527 Cr₹394 Cr₹313 Cr₹198 Cr₹91 Cr
Other liabilities₹1.1k Cr₹1.0k Cr₹874 Cr₹639 Cr₹453 Cr₹348 Cr
Total liabilities₹2.0k Cr₹1.9k Cr₹1.4k Cr₹991 Cr₹683 Cr₹484 Cr
Fixed assets₹122 Cr₹114 Cr₹107 Cr₹73 Cr₹75 Cr₹71 Cr
Capital work in progress₹91 Cr₹91 Cr₹94 Cr₹55 Cr₹58 Cr₹6 Cr
Investments₹213 Cr₹220 Cr₹156 Cr₹70 Cr₹36 Cr₹0 Cr
Other assets₹1.6k Cr₹1.4k Cr₹1.1k Cr₹793 Cr₹514 Cr₹407 Cr
Total assets₹2.0k Cr₹1.9k Cr₹1.4k Cr₹991 Cr₹683 Cr₹484 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −0.23 pp while the public added +0.20 pp. The shareholder count shrank 6% to 40,119.

Promoters
27.9%
FIIs
0.9%
DIIs
0.1%
Public
71.0%

Since Jun 2025

  • Promoters −0.23 pp
  • Public +0.20 pp
  • FIIs +0.05 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 28.1%, FIIs 1.6%, Public 70.2%.Dec '23: Promoters 28.1%, FIIs 1.6%, Public 70.2%.Mar '24: Promoters 28.1%, FIIs 1.6%, Public 70.3%.Jun '24: Promoters 28.1%, FIIs 1.6%, DIIs 0.0%, Public 70.2%.Sep '24: Promoters 28.1%, FIIs 1.6%, DIIs 0.0%, Public 70.2%.Dec '24: Promoters 28.1%, FIIs 1.3%, DIIs 0.1%, Public 70.5%.Mar '25: Promoters 28.1%, FIIs 1.0%, DIIs 0.1%, Public 70.7%.Jun '25: Promoters 28.1%, FIIs 0.9%, DIIs 0.1%, Public 70.8%.Sep '25: Promoters 28.1%, FIIs 0.8%, DIIs 0.1%, Public 70.9%.Dec '25: Promoters 28.1%, FIIs 0.8%, DIIs 0.1%, Public 70.9%.Mar '26: Promoters 28.1%, FIIs 0.9%, DIIs 0.1%, Public 70.9%.Jun '26: Promoters 27.9%, FIIs 0.9%, DIIs 0.1%, Public 71.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of A2Z Infra Engineering Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Amit Mittal 15.41%−0.12 pp
Mestric Consultants Private Limited 12.51%−0.10 pp
Jane Sequeira Pinto 4.03%unchanged
Ranveer Kumar Badshah 3.29%unchanged
Consortium Capital Private Limited 1.52%unchanged
Priya Goel 0.01%unchanged
Devdhar Trading & Consultants Private Limited 0.00%unchanged
Dipali Mittal 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse A2Z Infra Engineering Limited

Guides on how to read this kind of business and the numbers that matter.