Vision Infra Equipment Solutions Reports Record Results with PAT up 93.8% for FY26

Vision Infra Equipment Solutions Reports Record Results with PAT up 93.8% for FY26​

Vision Infra Equipment Solutions Limited (VIESL), a leading infrastructure and road construction equipment rental company, announced its audited financial results for the half year and full year ended March 31, 2026. The results indicate a period of strong growth, setting a record for the company across profitability, revenue, and cash generation.

The company’s board of directors approved the audited financial statements during a meeting held on May 11, 2026.

Financial Performance Summary​

The financial data for the half year and full year ended March 31, 2026, shows substantial year-over-year growth:


Total Revenue and EBITDA* are reported in lakhs.

Key Financial Highlights​

VIESL reported that its Total Revenue grew 36.9% year-over-year to ₹621.93 crore, reflecting sustained demand across both Rental Services and Refurbishment & Trading. Profit after Tax saw a nearly twofold increase, rising 93.8% year-over-year to ₹66.01 crore.

The company’s EBITDA expanded 33.5% year-over-year to ₹171.40 crore, with the EBITDA margin strengthening to 28.74% from 28.26% in FY25. Profit before Tax surged 78.0% year-over-year to ₹86.04 crore, demonstrating strong operating leverage.

In terms of efficiency and balance sheet health, several key improvements were noted:

• Cash Flow from Operations rose significantly to ₹195 crore, compared to ₹33 crore in FY25.
• Debtor Days improved by 16 days, reducing from 120 days to 104 days.
• Return on Equity Capital (ROEC) increased to 23.78% in FY26 from 21.66% in FY25.
• The Debt-to-Equity ratio strengthened to 1.36x in FY26 from 1.62x in FY25.

Half-Year Momentum (H2 FY26)​

The second half of FY26 demonstrated significant acceleration in performance. Profit after Tax more than doubled sequentially and year-over-year, highlighting the embedded operating leverage.

In the half-year period (H2 FY26):

• Total Revenue grew 16.1% compared to H1 FY26, reaching ₹334.10 crore.
• EBITDA increased 19.7% compared to H1 FY26.
• Profit before Tax nearly doubled, rising 97.9% compared to H1 FY26, standing at ₹57.15 crore.
• Profit after Tax more than doubled, reaching ₹44.40 crore, yielding a robust PAT margin of 13.29% for the half.

Business Strategy and Guidance​

In terms of business development, VIESL expanded its service offerings by adding integrated end-to-end solutions for asphalt and concrete paving, and piling rigs. Operational efficiency was materially enhanced by the successful implementation of a new ERP system during the year.

The company also successfully raised capital by issuing preferential share warrants aggregating ₹134 crore to promoters and select investors. Of this total issue size, 25% (₹33 crore) was received in Q4 FY26, with the balance expected during FY27.

Sachin Gandhi, Managing Director of VIESL, stated that the company's asset base scaled to 545 machines as of March 2026. The strong performance was attributed to improved operational efficiencies, higher asset utilization, and disciplined cost management across the Rental Services and Trading & Refurbishment verticals.

Looking ahead, the company provided the following guidance for FY27:

• Revenue Growth Target: Approximately 25% to 30% year-over-year.
• Funding: The growth is expected to be supported by the deployment of capital from the ₹134 crore preferential warrants.

VIESL continues to position itself as a key service provider in supporting India's infrastructure build-out, covering segments such as airports, highways, smart cities, and metro rail.

VIESL Stock Price Movement​

Vision Infra Equipment Solutions Limited shares today shed 0.24% to settle at ₹355.35. Despite the pullback, the equity remains notable for reaching an all-time 52-week high of ₹375.9, with 71,200 shares trading during the session.