Vishnusurya Projects and Infra Details Diversified Business Model, Secures Major Infrastructure Deals

Vishnusurya Projects and Infra Details Diversified Business Model, Secures Major Infrastructure Deals​

Vishnusurya Projects and Infra Limited provided details on its performance during the first half of Fiscal Year 2026 (H1 FY26) and Q4 FY26 during its Earnings Conference Call held on June 2, 2026. The company showcased resilience through its diversified operational structure and reported significant order book growth in high-value infrastructure segments.

The business portfolio of Vishnusurya is built around three complementary verticals: the production of M-Sand and construction aggregates, EPC construction and infrastructure, and municipal solid waste management. These divisions provide diverse revenue streams and exposure to various infrastructure needs across India.

Operational Highlights and Market Positioning​

In the M-Sand and construction aggregates division, the company operates three manufacturing facilities located in Aruppukottai near Madurai, Vandavasi near Chennai, and Hosur near Bengaluru. These plants have a combined crushing capacity of approximately 37 lakh metric tons per year, catering to infrastructure projects across Tamil Nadu.

The EPC construction and infrastructure division represents the company’s largest growth vertical. The management noted that they have executed projects valued at over INR400 crores in various sectors, including water supply systems, desalination, roads, railways, and urban utility projects. Water infrastructure has been identified as a major growth driver for the company, supported by initiatives such as the Jal Jeevan Mission and AMRUT programs.

The municipal solid waste management division is also a new growth area, into which the company expanded in FY26, focusing on bio-mining and scientific waste disposal solutions. The combination of these three businesses allows Vishnusurya to participate across multiple infrastructure themes while maintaining a balanced risk profile.

Financial Performance Overview​

Vishnusurya reported strong growth in H1 FY26, with revenue from operations increasing by 30% year-on-year (Y-o-Y) to INR352 crores, up from INR271 crores in FY25. EBITDA stood at INR56 crores, and Profit After Tax (PAT) increased by 17% to INR36 crores. Earnings per share for the half-year was reported at INR14.33.

For Q4 FY26, revenue reached INR127 crores. The company noted that profitability during this quarter was impacted by temporary challenges such as labour shortage, election related disruptions, unseasonal rains, and higher input costs. Management stated that project execution momentum remains strong and expects operating performance to improve in subsequent quarters.

The board also announced a final dividend of INR1 per share on fully paid-up equity shares, subject to approval at the Annual General Meeting (AGM).

Order Book Strength and Major Projects​

The company’s order book stood approximately at INR456 crores as of March 31, 2026. The strategic shift towards high-value projects is reflected in the quality of the order book, with water infrastructure and utility-related projects now constituting a majority share.

Key project wins secured by Vishnusurya include:

• A INR344 crores water supply project from the Chennai Metropolitan Water Supply and Sewerage Board (in partnership with JWL).
• Participation in a landmark INR2,200 crores seawater desalination project at Tuticorin, where Vishnusurya’s share is approximately INR220 crores.
• A INR103 crores desalination transmission pipeline project from JWL.
• A INR23.6 crores benzol storage facility project associated with SAIL Bokaro and Gujarat Gas Limited (GGL).

Future Guidance and Growth Drivers​

Looking ahead, the company set an indicative revenue target of INR450 crores for FY27. Management provided a segment-wise outlook for this target: approximately INR190 crores from mining, INR30 to INR50 crores from waste management, with the balance attributed to the EPC division.

Management highlighted several growth drivers supporting future development, including India's increasing focus on water security and environmental infrastructure. Regarding capacity, the company noted that the capacity utilization for its mining segment was close to 75%, with potential margin expansion still being explored.

Additionally, the company has an investment property nearing completion—a facility valued around INR50 crores—and anticipates rental income of close to INR1 crore per month beginning in April 2027.

VISHNUINFR Stock Price Movement​

On Friday, shares of Vishnusurya Projects and Infra Limited edged higher to close at ₹156.80 after the stock gained 0.96%. The company traded on a volume of 10,500 during the session.