BSECompany Update26 Oct 2026 · 26 Oct 2026, 12:20 pm
The Company has informed the exchange about the Press release on the Unaudited Financial Results of the Company for the Quarter and Half Year ended September 30, 2026
GHV Infra Projects Ltd · 505504
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GHV Infra Projects Ltd has announced its unaudited financial results for Q2 and H1 FY27, with revenue growing 63% YoY to ₹300 Cr and ₹519 Cr respectively, and order book at ₹19,094 Cr.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
GHV Infra Projects Ltd - 505504 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: October 26, 2026
Department of Corporate Services,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001.
SCRIP ID: GHVINFRA
SCRIP CODE: 505504
Subject: Intimation of Press Release under Regulation 30 of the SEBI (Listing
Obligations and Disclosures Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to the Regulations 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a
copy of Press release on the Unaudited Financial Results of the Company for the
Quarter and Half Year ended September 30, 2026
You are requested to kindly take the same on record.
Thanking you,
Yours faithfully
For GHV Infra Projects Limited
(Formerly known as Sindu Valley Technologies Limited)
Daksh Tulsibhai Mewada
Company Secretary & Compliance Officer
Encl: Press Release
Registered Office: A-511, 5th Floor, Kanakia Wall Street, Andheri Kurla Road, Andheri (East), Chakala MIDC,
Mumbai – 400093.Tel: +91 22 6941 1500, Email: info@ghvinfra.com Web: www.ghvinfra.com
CIN No.: L43900MH1976PLC457495
PRESS RELEASE
GHV Infra Projects Reports Q2 & H1 FY27 Results;
Revenue Grows 63% YoY with Order Book at ₹19,094 Cr
GHV Infra Projects Limited (BSE: 505504), formerly Sindu Valley Technologies Limited, is a diversified infrastructure
and engineering company headquartered in Mumbai. Backed by the six-decade legacy of the GHV Group, the Company
executes projects across Infrastructure, Building, Coastal, Industrial, Energy and Data Centers, serving government, PSU and
private clients through an asset-light model supported by the Group’s captive equipment fleet.
The company announced its Unaudited standalone and consolidated financial results for the quarter and half year ended
September 30, 2026.
Q2 FY27 — STANDALONE FINANCIAL HIGHLIGHTS
REVENUE EBITDA PAT ORDER BOOK
₹ 300 Cr ₹ 35 Cr ₹ 18 Cr ₹19,094 Cr
[YoY 63%] [Margin 12%] [Margin 6%] [as of Sep 30, 2026]
FINANCIAL PERFORMANCE — STANDALONE
Particulars (₹ crore) Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY %
Revenue from Operations 300 184 63% 519 264 97%
EBITDA 35 22 59% 60 31 94%
EBITDA Margin (%) 12% 12% 11% 12%
Profit After Tax (PAT) 18 11 64% 30 16 86%
PAT Margin (%) 6% 6% 6% 6%
Diluted EPS (₹) 2.23 1.52 46.7% 3.86 2.19 76.3%
OPERATIONAL HIGHLIGHTS
CREDIT RATING
ORDER BOOK H1FY27 ORDER INTAKE
BOOK-TO-BILL (TTM) Long Term
₹ 19,094 Cr ₹ 10,334 Cr
29X ACUITE A | Stable
[as of Sep 30, 2026]
ACUITE A1
Key Highlights of H1FY27
Leadership Strengthening
Appointment of Mr. Salim Yahoo as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October
22, 2026. He brings over 30 years of experience in financial management, fundraising (Equity (IPO, QIP) & Debt), capital
structuring, treasury management, Structured finance – Green Bonds, project finance and investor relations.
Global Expansion
Wholly owned US subsidiary approved for incorporation in Ohio with GHV Infra Inc. incorporated in the US by early May
LOI for Cameroon tyres-factory EPC order - largest order to date, a major international win show a growing international
order pipeline
Order Book and Key Order Wins
Secured orders worth ₹10,334 crore during H1FY 27 taking the outstanding order book to ₹19,094 crore.
Key wins include two Maharashtra Road projects worth ₹1,250 crore and ₹815 crore, the ₹840 crore DUCTOR RNG
and Fertilizer Project in the US, and railway infrastructure orders worth ₹429 crore.
Execution and Revenue Outlook
Seasonality Impact: Rainfall affected EPC execution during H1FY27, particularly in Q2. With improved execution
conditions expected in Q3 and Q4, the Company anticipates booking a substantial share of revenue in the second half.
Order Book Conversion: The Company expects the majority of its strong order book to convert into revenue over the
next couple of years, supporting sustained growth.
Strategic Outlook for FY 2026–27
We remain focused on sustaining our growth momentum by capitalising on India’s infrastructure growth, expanding our
international presence and strengthening GHV Infra as a diversified and scalable EPC platform.
Infrastructure Growth Tailwinds: Continued investments across roads, railways, urban infrastructure, energy, water
and industrial development provide a strong opportunity pipeline for the Company.
Diversified Capabilities: Our presence across roads, buildings, rail and metro, energy, water, coastal works and industrial
projects enables us to pursue opportunities across multiple infrastructure segments.
Building GHV Infra’s Independent Track Record: GHV India Private Limited, with a six-decade legacy, holds the
technical and financial qualifications for several major projects. Accordingly, orders are often secured through GHV India
and transferred to GHV Infra Projects Limited for execution. We are steadily building GHV Infra’s credentials to enable
it to secure more orders directly in its own name.
International Expansion and Growth: Our three international projects, valued at approximately ₹10,485 crore, account
for around 55% of the order book and are at an early stage of execution or yet to commence. As execution gathers
momentum, these projects are expected to drive significant topline growth over the coming quarters.
Margin Expansion: With the ramp-up of international projects and improved execution, we expect overall Operating
margins to improve towards 14–15%, subject to project execution and the planned ramp-up.
Healthy Opportunity Pipeline: We continue to evaluate new opportunities aligned with our execution capabilities, risk
framework and long-term growth objectives to support sustainable growth.
Building for Sustainable Growth
As the Company scales, GHV remains focused on strengthening the organisational foundation required to support its growing
project portfolio.
Operational Excellence: Leveraging the GHV Group's captive equipment fleet to keep execution costs competitive and
strengthen margin resilience across projects.
Capital Allocation Discipline: Directing investments toward strategically aligned, margin-accretive projects, supported
by our asset-light model, to ensure efficient capital deployment and superior risk-adjusted returns.
MANAGEMENT COMMENTARY
“GHV Infra is entering an important phase of its growth journey. Over the years, we have built capabilities across diverse
infrastructure segments and are now focused on translating this breadth into a scalable and sustainable growth platform.
Our priority is to grow with discipline while strengthening the organisation behind the projects. We remain focused on
execution quality, prudent project selection and building the capabilities required to take on larger and more complex
opportunities.
We are confident about the opportunities ahead and remain committed to creating a stronger GHV, with a clear focus on long-
term value creation for all our stakeholders.”
Jahid Vijapura
- Promoter, GHV Infra Projects Ltd.
FOR FURTHER INFORMATION, PLEASE CONTACT
Salim Yahoo - CFO Saloni Ajmera / Selina Sheikh
GHV Infra Projects Limited Go India Advisors
Salim.yahoo@ghvinfra.com saloni@goindiaadvisors.com
selina@goindiaadvisors.com
Disclaimer
Certain statements in this press release are forward-looking in nature and are subject to risks and uncertainties that could cause actual results
to differ materially. GHV Infra Projects Limited undertakes no obligation to update these statements. Financial figures have been rounded off
to the nearest digit.