Udayshivakumar swings to Q4 profit of ₹13.35 cr after heavy losses
The infrastructure firm reversed a ₹4.79 crore quarterly loss and posted its first full-year profit since going public.
— 2 earlier stories on Udayshivakumar Infra Ltd. →What's new
- Net profit swung to ₹13.35 cr in Q4 from a ₹4.79 cr loss in Q3.
- EBITDA jumped over 700% sequentially to ₹20.05 cr on stronger civil-contract execution.
- Full-year profit reached ₹1.66 cr, reversing a ₹7.21 cr loss the prior year.
Why this matters
A loss-making nano-cap turning profitable is a material shift. The full-year swing of nearly ₹9 crore shows the business has found its footing on project execution. The clean audit opinion, with only a routine receivables reconciliation flag, means the numbers are clean.
What we're watching
- Whether the Q4 margin of ~42% EBITDA can hold as contract volumes normalise.
- Cash conversion from the ₹48 cr in quarterly revenue.
- Any order-book updates to sustain the execution pace.
The full read
Udayshivakumar Infra has broken its loss streak. Q4 net profit reached ₹13.35 crore, up from a ₹4.79 crore loss in the prior quarter. The swing was powered by ₹48.05 crore in revenue from civil contracts and road projects, pushing EBITDA to ₹20.05 crore, a sequential jump of more than 700%. The full-year picture tells the same story: profit of ₹1.66 crore versus a ₹7.21 crore loss last year, a nearly ₹9 crore turnaround. For a nano-cap that spent the prior year in the red, that is a real shift. The auditor's unmodified opinion carries no qualifiers beyond routine receivables reconciliations that management says are non-material. The risk now is sustaining the pace. Quarterly margins above 40% look strong, but the question is whether the project pipeline supports that level of execution, or whether Q4 was a lumpier quarter that flattered the annual numbers.
Questions answered
- How did the profit swing happen so quickly?
- Revenue hit ₹48.05 crore in Q4, driven by higher execution on civil contracts and road projects. That top-line jump, combined with better project mix, pushed EBITDA to ₹20.05 crore, more than covering costs that dragged the company into the red in Q3.
- What does the full-year picture look like?
- Full-year net profit was ₹1.66 crore, against a ₹7.21 crore loss in the prior year. That ₹8.87 crore swing shows the Q4 recovery wasn't a one-off quarter but reflected improving momentum across the year.
- Did the auditor flag any concerns?
- The auditor issued an unmodified opinion, the cleanest possible. It drew attention to ongoing reconciliations of trade receivables and payables, but management says these won't materially affect the financial statements.
- How material is the Q4 EBITDA number?
- EBITDA of ₹20.05 crore on ₹48.05 crore revenue implies a margin above 40%. For a company that was loss-making for several quarters, that level of profitability marks a sharp operational shift.
Story so far
All notes on USK →- 6 Jun 2026 · 10:31 PM IST Udayshivakumar swings to Q4 profit of ₹13.35 cr after heavy losses
- today Udayshivakumar Infra turns a ₹13.35 cr profit after a year of losses
- 11d ago Udayshivakumar Infra plans promoter cash injection alongside FY results