Desco Infratech FY25 PAT jumps 173% to ₹9.06cr

Company snapshot and why it matters

Desco Infratech Limited, incorporated in January 2011, operates as an infrastructure company focused on engineering, planning, and construction. Its stated focus areas include City Gas Distribution, Renewable Energy, Water, and Power. FY25 numbers show a sharp step-up in scale, with revenue more than doubling year-on-year and profitability rising faster than sales. For investors tracking smaller listed infra contractors, the key questions typically revolve around execution, working capital discipline, and the durability of the order pipeline.

FY25 performance: revenue doubles, profit nearly triples

On a full-year basis, Desco Infratech reported revenue from operations of ₹59.45 crore in FY25, up 102.3% over FY24’s ₹29.39 crore. Net profit (PAT) rose 172.9% to ₹9.06 crore in FY25 compared with ₹3.46 crore in FY24. The company also reported EBITDA of ₹13.35 crore for FY25 (148% YoY), with an EBITDA margin cited at 22.45%. PAT margin for FY25 was stated at 15.19%.

Quarterly and half-year cues cited in the data

The provided financial table shows sales of ₹22 crore (Mar 2024) and ₹37 crore (Mar 2025), and sales of ₹23 crore (Sep 2024) and ₹42 crore (Sep 2025). Net profit in that same table is ₹3 crore (Mar 2024), ₹6 crore (Mar 2025), ₹3 crore (Sep 2024), and ₹6 crore (Sep 2025). The same dataset also states that in Q1 FY25-26, the company registered sales of ₹23.31 crore, exceeding H1 FY24-25 sales of ₹22.63 crore within a single quarter. Separately, a listed “latest quarter” snapshot in the peer comparison table shows Desco Infra sales of ₹42.04 crore and net profit of ₹6.17 crore.

Profitability and cost structure signals

FY25 operating profit in the detailed P&L statement was ₹13.35 crore on total expenditure of ₹46.10 crore. Interest cost for FY25 was ₹1.19 crore and depreciation was ₹0.22 crore, resulting in EBT of ₹12.10 crore and reported PAT of ₹9.06 crore. In the multi-year summary, operating margin (OPM) improved from 19% in Mar 2024 to 23% in Mar 2025, with TTM OPM shown at 22%. The cost mix in the summary table shows material cost at ₹5.51 crore in Mar 2025, employee cost at ₹6.48 crore, and administrative expenses at ₹34.11 crore.

Balance sheet movement and cash flow in FY25

In the balance sheet table, equity capital moved to ₹8 crore by Mar 2025 (and ₹8 crore at Sep 2025), with reserves at ₹51 crore by Mar 2025 and ₹54 crore at Sep 2025. Borrowings were ₹11 crore at Mar 2025, reducing to ₹6 crore at Sep 2025 in the same table. Cash and equivalents were shown at ₹31.17 crore at Mar 2025, while Sep 2025 shows ₹0.17 crore. The cash flow table shows cash from operating activity at -₹12 crore in Mar 2025, with working capital changes at -₹23.75 crore.

Order book disclosures and recent order wins

The inputs include multiple order pipeline references. One line states “Order Book: September 2025 = Over ₹3,345 Cr.” Another section states the company “currently possesses a confirmed order book of INR 330+ Crore.” The same dataset also mentions Desco has “secured multiple new orders and L1 bids aggregating over ₹50 crores recently,” and separately notes “the total value of the orders stands at ₹6.64 crore,” to be executed as per contract terms. These figures are presented as-is from the provided material and appear to come from different updates.

FY26 guidance and longer-term target

Management guidance in the provided text projects FY26 revenue between ₹108 crore and ₹115 crore. The same guidance also mentions a long-term vision of ₹1,000 crore revenue by 2030. While these are forward-looking statements, they give a directional view of the company’s growth ambition relative to FY25’s reported revenue base.

Key financials table (₹ crore)

Market snapshot versus listed peers (as provided)

The peer comparison table lists Desco Infra at a current price of ₹190 with a P/E of 12.17 and market capitalisation of ₹145.84 crore. It also reports ROCE of 31.18%, price-to-book of 2.38, return on assets of 17.06%, and debt-to-equity of 0.10. The same table shows “sales” of ₹78.85 crore and PAT of ₹11.98 crore (figures in ₹ crore), alongside “latest quarter” sales of ₹42.04 crore and net profit of ₹6.17 crore. These metrics are presented alongside larger peers such as Larsen & Toubro, Rail Vikas, NBCC, IRB Infrastructure Developers, Kalpataru Projects, KEC International, and Ircon International.

Market impact: what the numbers imply

The FY25 jump in revenue and PAT, alongside the cited rise in EBITDA, positions Desco as a fast-scaling small-cap infrastructure player based on the provided data. At the same time, the FY25 operating cash flow shown at -₹12 crore and the negative working-capital movement underline the importance of execution quality and collections. Order book and order win disclosures are central for companies in this segment because revenue visibility often depends on project conversion and timely billing. Investors will likely track how the reported order pipeline translates into quarterly sales and whether working-capital swings moderate as scale increases.

What to watch next

The inputs include an “upcoming earnings date” field marked as undefined, so no confirmed result date is available here. The next set of reported numbers and any updated order book disclosure will be important to reconcile the multiple order pipeline figures cited in the material. Market participants will also watch whether the company’s FY26 revenue guidance of ₹108-115 crore is reiterated or revised with subsequent updates.

Conclusion

Desco Infratech’s FY25 results show revenue of ₹59.45 crore and PAT of ₹9.06 crore, with EBITDA reported at ₹13.35 crore. The company has also cited fresh orders and L1 bids over ₹50 crore and provided FY26 revenue guidance of ₹108-115 crore, along with a longer-term revenue target for 2030. The near-term focus remains on execution, cash conversion, and clearer tracking of the order pipeline through periodic disclosures.