Q2 FY26 — 17 Nov 2025
Vishnu Prakash R Q2 FY26
Vishnu Prakash R Punglia Limited reported a challenging Q2 FY26 with significant declines in revenue and profitability, primarily due to higher working capital utilization, delayed government payments, and initial mobilization expenses. However, the company highlighted a strong order book of ₹5,001 crores and substantial promoter support through interest-free loans, which helped reduce external debt. Management expects improved fund flow and execution in H2 FY26, guiding for 10-20% revenue growth and normalized EBITDA margins of 13-13.5%.
Read the full call






