Cemindia Projects (509496) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue reached ₹9,097 crore, up 18% year-over-year, with EBITDA at ₹923 crore and PAT at ₹373 crore, a 36% increase year-over-year.

• Q4 FY25 income was ₹2,480 crore, up 10% year-over-year, with EBITDA at ₹268 crore and PAT at ₹114 crore, up 27% year-over-year.

• Secured over ₹7,100 crore in new orders during FY25, with the order book at ₹18,300 crore as of March 2025.

• Major project completions include Mumbai Metro Line 3 and Vizhinjam Port Phase 1.

• Board recommended a final dividend of ₹2.00 per share, subject to shareholder approval.

Financial highlights

• FY25 EBITDA margin was 10.1%, with Q4 EBITDA at ₹268 crore and margin at 10.8%.

• FY25 profit after tax rose 36% year-over-year to ₹373 crore; Q4 PAT was ₹114 crore.

• Net debt to equity ratio improved to 0.31x as of March 2025.

• Networth reached ₹1,498 crore and gross debt reduced to ₹409 crore as of March 2025.

• Earnings per share for FY25 was ₹21.70, compared to ₹15.93 in FY24.

Outlook and guidance

• FY26 revenue expected to grow by 25%, with similar growth in bottom line.

• Targeting ₹15,000–16,000 crore in new order inflows for FY26.

• CapEx planned at ₹250–260 crore for FY26.

• EBITDA margins expected to remain in double digits, with potential for further improvement.

• Order book provides strong multi-year revenue visibility, with ongoing projects in 13 Indian states and international markets.