Mega Nirman revenue doubles as infrastructure pivot takes hold
The company reported FY26 revenue of ₹147.94 crore, up from ₹69.67 crore, as a new infrastructure segment turned profitable in its first year.
— 2 earlier stories on Mega Nirman & Industries Ltd. →What's new
- FY26 revenue hit ₹147.94 crore, up from ₹69.67 crore in FY25.
- Net profit rose to ₹3.52 crore from ₹0.53 crore.
- New infrastructure segment added ₹12.98 crore in Q4 revenue with ₹12.15 crore in segment profit.
Why this matters
Mega Nirman has successfully scaled its top line through a new infrastructure business that is already delivering segment-level profits. The massive jump in capital work-in-progress suggests the company is aggressively deploying the ₹25.08 crore raised in last year's preferential allotment.
What we're watching
- Whether the infrastructure segment can maintain its high margins into FY27.
- The conversion rate of the ₹306.83 crore capital work-in-progress into operational assets.
- Future funding requirements given the rapid expansion of the balance sheet.
The full read
Mega Nirman & Industries is pivoting toward infrastructure, and the scale of the shift is evident in its FY26 results. Revenue more than doubled to ₹147.94 crore from ₹69.67 crore the prior year, while net profit climbed to ₹3.52 crore from ₹0.53 crore.
It is a rapid transformation.
The new infrastructure segment is the engine here, contributing ₹12.98 crore in Q4 revenue and delivering ₹12.15 crore in segment profit. The company is clearly in a heavy investment phase, evidenced by ₹306.83 crore in capital work-in-progress, which follows a ₹25.08 crore capital injection from preferential allotments in mid-2025. The audit is clean, but the rapid expansion of the balance sheet is the defining feature of this report, as the company has moved from a small-scale operation to a business with significant capital intensity in just one year.
Questions answered
- How much did the new infrastructure segment contribute to the bottom line?
- The infrastructure segment generated ₹12.98 crore in revenue during Q4 and recorded a segment profit of ₹12.15 crore.
- What was the impact of the preferential allotment on the balance sheet?
- The company raised ₹25.08 crore through preferential allotments in mid-2025, contributing to a significant expansion of the balance sheet and a capital work-in-progress figure of ₹306.83 crore.
- Did the auditors raise any concerns about these results?
- No. The audited standalone financial results for the year ended March 31, 2026, received an unmodified audit opinion.
- How does FY26 performance compare to the previous year?
- Revenue more than doubled to ₹147.94 crore from ₹69.67 crore, while net profit increased to ₹3.52 crore from ₹0.53 crore.
Story so far
All notes on MNIL →- 25 May 2026 · 8:17 PM IST Mega Nirman revenue doubles as infrastructure pivot takes hold
- today Mega Nirman revenue doubles as infrastructure pivot takes hold
- today Mega Nirman revenue doubles as infrastructure pivot takes hold