Vishnu Prakash profit plunges 53% despite revenue growth

Vishnu Prakash R Punglia Limited reported Q1 FY26 revenue of Rs. 276 crores, up 8% year-on-year. EBITDA rose 5% to Rs. 32 crores.

Net profit plunged 53% to Rs. 7 crores due to higher finance costs and slower receivables recovery. The company expects 20-25% top-line growth for FY26.

Its order book stands at Rs. 5,147 crores, primarily from water supply projects.