Vishnu Prakash R Punglia FY26 Revenue Declines Amidst Cyclical Downturn

Vishnu Prakash R Punglia Ltd has released its Annual Report for FY2025-26, highlighting a challenging year due to the cyclical nature of the infrastructure business. Central funding for Jal Jeevan Mission saw a significant drop, impacting work certification and payment cycles, leading to extended collection and inventory days. Consequently, revenue from operations decreased to ₹8,511.95 Million, and the company reported a loss after tax of ₹1,501.16 Million. Despite these headwinds, the company maintained its order book at ₹43,910.9 Million across water supply, railways, and road projects. Operations generated positive net cash of ₹1,417.74 Million, enabling the repayment of approximately ₹3,400 Million in debt and a reduction in total borrowings. Promoters provided interest-free unsecured loans of ₹2,996.33 Million. The company is focused on converting its order book into billed revenue and collections, anticipating a recovery with the approval of Jal Jeevan Mission 2.0.