Annu Projects Limited order book reaches ₹1,018 crore across 30 projects

Annu Projects Limited held a ₹1,018.39 crore order book across 30 ongoing infrastructure projects at September 30, 2026, led by ₹827.19 crore of telecom work. The 30 projects had an aggregate contract value of ₹1,987.90 crore, while telecom accounted for 81.23% of the reported order book.

What makes up Annu Projects' ₹1,018.39 crore order book?

Annu Projects' order book was concentrated in telecom infrastructure, which accounted for ₹827.19 crore at September 30, 2026. Sewerage infrastructure was the second-largest vertical at ₹149.22 crore, followed by railway signalling at ₹25.38 crore and gas pipelines at ₹16.59 crore. The company reported these balances across 30 ongoing projects.

Telecom's ₹827.19 crore balance was more than five times the ₹149.22 crore sewerage order book, based on the disclosed September 30 figures. Gas pipelines and railway signalling together represented ₹41.97 crore, or 4.12%, of the total. The portfolio therefore spans four utility-infrastructure verticals, although telecom remains the principal source of outstanding work by value.

How did Annu Projects' active project count change?

Annu Projects increased its ongoing project count to 30 at September 30, 2026, from 23 at June 30, 2026. The seven-project increase was reported alongside aggregate contract value of ₹1,987.90 crore for the September portfolio. The filing did not disclose the June 30 order-book value, so it does not permit a comparison of outstanding order value between the two dates.

Gas-pipeline projects rose from four to seven during the quarter, while railway-signalling projects increased from one to four and telecom projects from four to five. Gas pipelines and railway signalling each added three projects, compared with one telecom addition. Yet telecom still accounted for 81.23% of the ₹1,018.39 crore order book at September 30, 2026.

How did Annu Projects perform in H1 FY27?

Annu Projects reported H1 FY27 revenue from operations of ₹35.65 crore, earnings before interest, tax, depreciation and amortisation, or EBITDA, of ₹7 crore, and profit after tax, or PAT, of ₹2.29 crore. EBITDA margin was 19.64% and PAT margin was 6.42%. For Q2 FY27, revenue from operations was ₹15.74 crore and PAT was ₹1.01 crore.

Total income was ₹36.91 crore in H1 FY27, compared with ₹6.51 crore in H1 FY26, while profit was ₹3.36 crore against a loss of ₹10.33 crore. In the sequential quarterly comparison, Q2 FY27 total income of ₹16.54 crore was below Q1 FY27 total income of ₹20.37 crore, and Q2 profit of ₹1.11 crore was below Q1 profit of ₹2.24 crore. The company calculates EBITDA excluding other income.

Which new infrastructure opportunities has Annu Projects disclosed?

Annu Projects secured a ₹12.81 crore contract from Northeast Frontier Railway for deployment of a 4 × 48 fibre-optic cable, or OFC, backbone over 143 kilometres. The contract was disclosed during Q2 FY27, when the company reported four ongoing railway-signalling projects at September 30, 2026. The filing does not state whether this contract is included in the railway-signalling order-book balance.

Annu Projects also entered a memorandum of understanding, or MoU, with GEIE to supply materials for JVVNL's rooftop solar project in Dausa, Rajasthan. The ₹44.3 crore MoU covers 8,000 rooftop solar systems. Management said it was exploring adjacent renewable-energy opportunities, while the company did not include solar as a separate category in its ₹1,018.39 crore order-book table.

What will support Annu Projects' execution in H2 FY27?

Annu Projects listed on BSE and NSE on September 2, 2026, through a fresh issue of up to 1.77 crore equity shares. The company said the proceeds were earmarked for machinery capital expenditure and working-capital requirements. Management linked those uses to supporting its growth plans and an expanding project portfolio of 30 ongoing assignments.

The company said it had completed 365 projects over the last 23 fiscal years, with an aggregate project value of ₹1,291.58 crore. That historical completed-project value is lower than the ₹1,987.90 crore aggregate contract value of the current 30-project portfolio. This comparison concerns disclosed contract values and does not indicate the timing, profitability or completion outcome of the ongoing work.

Conclusion

Annu Projects entered the second half of FY27 with ₹1,018.39 crore of orders across 30 projects, but ₹827.19 crore of the balance was telecom infrastructure. The project count rose by seven from June 30, 2026, while H1 FY27 revenue from operations reached ₹35.65 crore and PAT was ₹2.29 crore.

Management said the business has traditionally been weighted towards the second half, with more project execution and revenue realisation in that period. It expects momentum to strengthen in Q3 and to be particularly strong in Q4 FY27; the next disclosures will show progress on those expectations, machinery investment and working-capital deployment from the September 2026 share issue.