Interarch Building Solutions: Building Momentum with Record Q2 FY26 Performance

Interarch Building Solutions Limited has reported a stellar performance for the second quarter and first half of fiscal year 2026, showcasing robust growth and strategic expansion. The company achieved its highest-ever quarterly revenue, nearing the INR 500 crore milestone, driven by strong execution and increased capacity. This impressive financial outcome underscores Interarch's leadership in the pre-engineered building (PEB) industry and its commitment to supporting India's industrial growth.

For Q2 FY26, Interarch's revenue from operations surged by 51.9% year-on-year to INR 491.1 crore. This growth was accompanied by a significant improvement in profitability, with EBITDA climbing by 65.1% to INR 41.7 crore and Profit After Tax (PAT) increasing by 56.2% to INR 32.3 crore. The EBITDA margin for the quarter stood at 8.5%, while the PAT margin was 6.6%. The first half of FY26 also reflected this strong momentum, with revenue growing by 39.1% to INR 871.9 crore, EBITDA by 40.2% to INR 73.3 crore, and PAT by 48.1% to INR 60.7 crore.

Strategic Expansions Drive Capacity and Market Reach

Interarch's growth is largely attributable to its aggressive capacity expansion and strategic initiatives. The commissioning of Phase II at its Andhra Pradesh facility marks a significant milestone, making it the company's fourth fully integrated PEB plant and increasing its total installed capacity to 2,00,000 MT. This expansion, along with the Kichha Line Addition, involved a capital expenditure of INR 53 crore.

Further solidifying its manufacturing footprint, Interarch broke ground on a new PEB facility in Kheda, Gujarat. This plant, with an installed capacity of 40,000 MT and a planned capex of INR 70 crore, is strategically located to cater to thriving semiconductor, EV, and allied industry clusters. Simultaneously, the groundbreaking of a heavy steel structures plant in Athivaram, Andhra Pradesh, with an installed capacity of 25,000 MT in Phase 1 and a capex of INR 100 crore, will strengthen Interarch's position in the high-rise steel building segment.

These expansions are not just about increasing volume; they are about fostering innovation and shaping the future of India's industrial and urban development. The management highlighted that these new plants are expected to enable the company to achieve over INR 2,000 crore in revenue by FY27.

Robust Order Book and Strategic Partnerships

As of October 31, 2025, Interarch boasts a robust order book of INR 1,634 crore, indicating a strong pipeline for the coming quarters. The company secured new orders worth INR 463 crore between August 1 and October 31, 2025. A significant testament to its customer relationships is that 80% to 85% of these orders are repeat business from existing clients such as Rungta Mines and Havells India.

Interarch has also entered into strategic partnerships to enhance its market position and capabilities. The collaboration with Jindal Steel & Power (JSPL) aims to jointly explore opportunities in multi-story and heavy steel building segments, promoting steel as a preferred material for modern urban construction. Additionally, a partnership with Mold-Tek Technologies (MTTL) is set to enhance Interarch's export capabilities and global presence, focusing on global markets with a strong emphasis on driving export orders.

Financial Summary

Outlook and Vision

Interarch's management expressed confidence in sustaining this growth momentum through the second half of the year, backed by its robust order book and project pipeline. The company aims for a 20% increase in revenue for the next two financial years and is striving to achieve double-digit EBITDA margins, although this may not materialize in the current fiscal year. The focus remains on continuous investment in technology infrastructure, manufacturing improvements, and dedicated design and engineering resources.

Interarch's vertically integrated operations, coupled with its strategic expansions and partnerships, position it favorably to capitalize on the growing demand for pre-engineered steel buildings in India and beyond. The company's commitment to quality, efficiency, and customer satisfaction remains central to its strategy for sustained growth and market leadership.