Vishnusurya FY26: Revenue grows 30%, but margins tighten as water EPC scales
Frequently Asked Questions
The presentation lists four core segments: construction aggregates and M-Sand, EPC construction, water infrastructure, and waste management.
FY26 net sales were 352 crore, EBITDA was 56 crore (15.8% margin), and PAT was 36 crore (10.0% margin), as per the financial highlights tables.
Q4FY26 net sales were 127 crore versus 94 crore in Q4FY25 (36% YoY). EBITDA was 5 crore versus 9 crore and PAT was 8 crore versus 7 crore, per the quarterly table.
Total order book is stated as 455.64 crore with new orders of 296.45 crore in FY26. The segment mix is 89% water, 6% civil, 3% marine, and 2% waste management.
It is a 2,217 crore consortium HAM project awarded by SIPCOT to design, build, operate and maintain a 60 MLD desalination plant. The company’s stated share is 220 crore with a 6-month pre-construction phase, 30-month construction and 15-year O&M.
Facilities are in Aruppukottai, Vandavasi, and Hosur in Tamil Nadu. Crusher capacities are 9,80,000 MT/yr, 13,75,000 MT/yr, and 13,25,000 MT/yr respectively; M-Sand capacities are 2,60,000 MT/yr, 3,93,000 MT/yr, and 3,60,000 MT/yr respectively.
The roadmap includes targets such as building a 300 crore plus water order book annually, growing waste management revenue from 5 crore to 30 crore plus, and targeting 160 crore plus aggregates revenue in FY27, along with geographic diversification and consortium bidding capability expansion.
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