Mega Nirman's revenue doubled as new infra arm kicks in
The company raised ₹25 cr last year and is deploying it fast. Revenue more than doubled to ₹14.79 cr in FY26, with a new infrastructure segment already contributing in its first quarter.
— 2 earlier stories on Mega Nirman & Industries Ltd. →What's new
- Full-year revenue doubled to ₹14.79 cr from ₹6.97 cr; net profit jumped to ₹35.23 lakh from ₹5.29 lakh.
- A new infrastructure segment delivered ₹1.30 cr in revenue in its first quarter of operation (Q4 FY26).
- Balance sheet expanded after ₹25.08 cr preferential allotment; capital work-in-progress stands at ₹30.68 cr.
Why this matters
The numbers confirm the company's pivot from a near-dormant entity into an infrastructure player. The fundraising has landed, the segment is generating revenue, and the capital is being deployed. The audit opinion is clean, which matters for a company that has just undergone a major transformation.
What we're watching
- Whether the infrastructure segment can maintain its revenue trajectory beyond the first quarter.
- The timeline for converting the ₹30.68 cr work-in-progress into operational assets.
- How the company plans to use any remaining funds from the ₹25 cr raise.
The full read
Mega Nirman has gone from a near-dormant shell to a revenue-generating infrastructure player in one year. FY26 revenue more than doubled to ₹14.79 crore, with net profit rising to ₹35.23 lakh from ₹5.29 lakh. The new infrastructure segment contributed ₹1.30 crore in Q4 alone. This growth is fueled by the ₹25.08 crore the company raised via preferential allotment last year, and the money is already being put to work: capital work-in-progress stands at ₹30.68 crore. The results carry an unmodified audit opinion, a clean bill of health for a company mid-transformation. The past is clear. The open question is whether the infrastructure arm can scale beyond its first quarter of contribution.
Questions answered
- What drove the revenue jump for Mega Nirman?
- The launch of a new infrastructure business segment contributed ₹1.30 cr in its first quarter (Q4). Full-year revenue rose to ₹14.79 cr from ₹6.97 cr a year ago.
- Where did the capital for the expansion come from?
- The company raised ₹25.08 crore through preferential allotments in mid-2025. That cash is now being deployed, as evidenced by the ₹30.68 crore in capital work-in-progress.
- How did profitability change?
- Net profit jumped from ₹5.29 lakh to ₹35.23 lakh for the full year, a more than sixfold increase. The audit opinion on the results was unmodified.
- What does the capital work-in-progress figure indicate?
- At ₹30.68 crore, it signals that a significant portion of the fundraising is already committed to assets under construction. The conversion of this WIP into operational capacity is the next key milestone.
Mega Nirman & Industries Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on MNIL →- 25 May 2026 · 8:09 PM IST Mega Nirman's revenue doubled as new infra arm kicks in
- 53d ago Mega Nirman's revenue doubled to ₹147.94 cr on a new infra business
- 53d ago Mega Nirman's infrastructure pivot is finally paying bills