SRM Contractors Ltd

SRM Contractors Limited informed the BSE Limited and the National Stock Exchange of India Limited that it received an intimation from the Registrar of Companies regarding the incorporation of “GIRAFFE SRM ESTATES PRIVATE LIMITED” on August 24, 2026, with an initial authorized capital of Rs 10,00,000 and a paid-up capital structure of Rs 1,00,000, where GIRAFFE holds Rs 51,000 and SRM Contractors Limited holds 49%, with SRM Contractors Limited holding 49% shareholding in the newly incorporated entity, which will be engaged in developing and operating wayside amenities on highways and expressways.

SRM Contractors Limited announced that its board approved a business expansion and diversification strategy into the Wayside Amenities sector, which includes the development, operation, and management of facilities and infrastructure associated with highways. As part of this strategy, the company will incorporate a new special purpose vehicle named “GIRAFFE SRM ESTATES PRIVATE LIMITED,” in which SRM Contractors Limited will hold a 49% stake, with an initial capital of Rs 1,00,000, of which Rs 49,000 will be infused by SRM.

SRM Contractors Ltd announced that CAREEdge Ratings Limited and CARE Ratings Ltd. have both reaffirmed ratings on its various bank facilities. CAREEdge Ratings Limited reaffirmed the rating for Long Term Bank Facilities at CARE A, Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A, Stable/CARE A1, both for an amount of 482.50. Similarly, CARE Ratings Ltd. reaffirmed the Long Term Bank Facilities at CARE A; Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A; Stable / CARE A1 for an amount of 482.50, while also noting that certain bank facilities are subject to periodic review/surveillance and others are under review due to the ISSUER NOT COOPERATING, and CARE Ratings Limited indicated that further rating information is pending.

SRM Contractors Ltd share price ticked higher by 1.03% to Rs 515.85. The Company's net profit plunged by 63.56% to Rs 19.71 crore, while revenue from operations nosedived 55.97% to Rs 196.26 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.29 lakh crore, tumbling by 17.30%. It has eased by 1.70% over last one week and dipped slightly by 0.41% in last one month while the market capitalization of SRM Contractors Ltd has softened by 2.39% and 6.82% in the same period respectively. Profit before tax (PBT) of SRM Contractors Ltd stood at Rs 24.27 crore in Q2 FY26, rallying 33.28% year-on-year, and nosediving by 65.23% quarter-on-quarter. EBITDA came in at Rs 37 crore, surging by 98.14% YoY and plunging by 45.97% sequentially. Total expenses saw a steep drop of 55.33% to Rs 168.34 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 118.99 crore, registering a fall of 66.09% YoY, while employee benefits expense was at Rs 13.82 crore, soaring 25.98% YoY. For the TTM ended FY26, revenue from operations soared by 54.23% to Rs 528.13 crore, while net profit jumped 103.93% to Rs 55.0 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 3767% to Rs 67.52 crore, and PBT witnessed a strong rise of 114.79% to Rs 74.34 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1.99 crore in FY26, as against Rs 14.27 crore in FY25. SRM Contractors Ltd surged by 8.11% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

SRM Contractors Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, as per SEBI regulations, and to transact other business as may be decided by the board. The trading window for the company's insiders has been closed since July 1, 2026, and will reopen 48 hours after the publication of the financial results.

SRM Contractors has received upgrade in credit ratings for bank facilities at CARE A; Stable / CARE A1.

SRM Contractors has bagged contracts worth Rs 500.99 crore. These include: 1. From Maharashtra State Infrastructure Corporation for proposed construction and integrated development of Darshan Path Tappa-2 for Darshan Path-2, Ghat Shahi Marg and Shivdarshan Path at Trimbakeshwar, dist. Nashik for Nashik Trimbakeshwar Sinhastha Kumbhmela. The contract is valued at Rs 210.99 crore. 2. From Ministry of Road Transport & Highways for treatment of 05 nos. of landslide location (Ch. 12.985 km to 13.410 km, 30.330 km to 30.425 km, 54.350 to 54.580, Ch. 56.328 - 56.432 km on NH-107 & 81.240 to 81.550 km) on NH-107A in the state of Uttarakhand under Annual Plan 2025-26. The contract is valued at Rs 60.43 crore. 3. From NF RLY Construction for protection work at approach of Tunnel No. 10 Portal-1, 180m Cut and cover for Main and Escape Tunnel, Earthwork in bank and cutting to make formation and ancillary works between Piphema - Zubza section in connection with Dimapur - Kohima New BG Line Project. The contract is valued at Rs 229.57 crore.

The largest order, valued at Rs 210.99 crore, has been awarded by MSIDC for the proposed construction and integrated development of Darshan Path Tappa-2, Darshan Path-2, Ghat Shahi Marg and Shivdarshan Path at Trimbakeshwar in Nashik for the Nashik-Trimbakeshwar Sinhastha Kumbh Mela, including electrical works. The project is to be completed within 12 months from the appointed date. The company has also received a Rs 60.43 crore contract from MoRTH for the treatment of five landslide locations on NH-107A in Uttarakhand under the Annual Plan 2025-26. The execution period for the project is 18 months. In addition, Northeast Frontier Railway Construction has awarded SRM Contractors a ₹229.57 crore contract for protection works, cut-and-cover construction, earthwork, and ancillary works in the Piphema'Zubza section of the Dimapur'Kohima New Broad Gauge Line Project. The contract is scheduled to be executed within 24 months. The company said none of the contracts constitute related-party transactions, and neither the promoters nor the promoter group have any interest in the awarding entities. SRM Contractors is principally engaged in the business of providing engineering and construction services. The company consolidated net profit jumped 124.7% to Rs 54.10 crore on 95.9% rise in revenue from operations to Rs 445.75 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Net profit of SRM Contractors rose 124.67% to Rs 54.10 crore in the quarter ended March 2026 as against Rs 24.08 crore during the previous quarter ended March 2025. Sales rose 95.87% to Rs 445.75 crore in the quarter ended March 2026 as against Rs 227.57 crore during the previous quarter ended March 2025. For the full year,net profit rose 101.85% to Rs 111.02 crore in the year ended March 2026 as against Rs 55.00 crore during the previous year ended March 2025. Sales rose 94.19% to Rs 1025.57 crore in the year ended March 2026 as against Rs 528.13 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales445.75227.57 96 1025.57528.13 94 OPM %16.6914.92 -16.4115.42 - PBDT75.3338.53 96 167.5387.89 91 PBT69.8033.03 111 150.9974.34 103 NP54.1024.08 125 111.0255.00 102 Powered by Capital Market - Live

SRM Contractors will hold a meeting of the Board of Directors of the Company on 26 May 2026.