Chennai, February 23, 2026 – SEPC Limited (NSE: SEPC | BSE: 532945) has reported a sharp expansion in its consolidated order book to ₹10,455 crore as of December 31, 2025, following robust order inflows of ₹5,954 crore during FY26 (up to 9M), signaling strengthened revenue visibility across core infrastructure segments.
On a standalone basis, the order book stood at ₹7,255 crore, compared with ₹4,501 crore as of March 31, 2025, reflecting accelerated order conversion and improved bidding momentum.
Order Book Snapshot
Consolidated vs Standalone
| Particulars | As on Dec 31, 2025 (₹ Cr) |
|---|---|
| Consolidated Order Book | 10,455 |
| Standalone Order Book | 7,255 |
| Fresh Orders Secured in FY26 (9M) | 5,954 |
Segment-Wise Standalone Order Book Mix
The ₹7,255 crore standalone book is diversified across structurally supported verticals:| Segment | Order Book (₹ Cr) | Share (%) |
|---|---|---|
| Mining | 2,991 | ~41% |
| Construction | 2,609 | ~36% |
| Water | 911 | ~14% |
| Power | 600 | ~8% |
| Roads, Oil & Gas & Others | Balance | — |
Domestic vs International Exposure
| Geography | Order Book (₹ Cr) | Share (%) |
|---|---|---|
| Domestic | 5,055 | ~48% |
| International (SEPC) | 2,200 | ~21% |
| International (SEPC FZE) | 3,200 | ~31% |
| Total | 10,455 | 100% |
Q3 FY26 and 9M FY26 Financial Performance
SEPC reported strong operating momentum during the nine months ended December 2025.Q3 FY26 Consolidated Performance
| Particulars | Q3 FY26 (₹ Cr) | Q3 FY25 (₹ Cr) | YoY Change |
|---|---|---|---|
| Total Income | 342.07 | 159.75 | +114.12% |
| EBITDA | 29.66 | 30.12 | -1.53% |
| Net Profit | 14.96 | 4.44 | +236.62% |
| Net Profit Margin | 4.37% | 2.78% | +159 bps |
9M FY26 Consolidated Performance
| Particulars | 9M FY26 (₹ Cr) | 9M FY25 (₹ Cr) | YoY Change |
|---|---|---|---|
| Total Income | 796.89 | 519.90 | +53.28% |
| EBITDA | 83.60 | 75.34 | +10.96% |
| Net Profit | 39.81 | 14.82 | +168.66% |
| Net Profit Margin | 5.00% | 2.85% | +215 bps |
The company noted that nine-month revenue of ₹796.89 crore has already surpassed its full-year FY25 revenue of ₹597.65 crore.
Management Commentary
Commenting on the strengthening order book, Managing Director Mr. Venkataramani Jaiganesh said the company is witnessing strong order momentum, reflecting client confidence in execution capabilities. He emphasized disciplined project selection, efficient execution, and prudent financial management to sustain long-term growth.Debt Reduction and Balance Sheet Strengthening
The company highlighted a significant reduction in working capital debt from ₹907 crore in September 2022 to ₹75 crore post-June 2025, supported by equity infusion and restructuring measures.About SEPC Limited
SEPC Limited, formerly Shriram EPC Limited, is a listed engineering, procurement and construction company established in 2000 and listed in 2008. The company operates across Water & Municipal Services, Roads, Industrial EPC, Mining, and Power segments, delivering turnkey solutions including design, procurement, construction and commissioning of complex infrastructure projects in India and overseas.Source:
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