Interarch Building Solutions FY26 Revenue Surges 31% to ₹1,898 Cr Beating Guidance

Key numbers

Revenue FY26	₹1,898 Cr31% YoY Growth
Market Cap	₹2,949 CrSmall Cap
PE Ratio	21.92Sector PE: 33.57
Order Book	₹1,700 CrAs of April 2026

Key highlights

• Annual revenue grew 31% YoY to ₹1,898 crore, significantly exceeding the initial management guidance of ₹1,720 crore.
• EBITDA increased by 29% to ₹176 crore, while Net Profit rose 25% to ₹135 crore for the full year.
• The company maintains a strong order book of over ₹1,700 crore as of April 2026, representing roughly nine months of execution visibility.
• Two new manufacturing plants in Gujarat and Andhra Pradesh are scheduled to begin operations by July 2026.
• Management has provided a bullish revenue guidance of ₹2,150-2,200 crore for FY27 and ₹2,500 crore for FY28.

Financial Performance

Interarch Building Solutions reported a robust financial trajectory for the fiscal year ending March 31, 2026. The company’s operating revenue reached ₹1,898 crore, marking a 31% increase compared to the previous year and comfortably surpassing its earlier market guidance. Profitability metrics followed suit, with EBITDA rising 29% to ₹176 crore.

Although the reported EBITDA margin stood at 9.3%, management highlighted that excluding one-time regulatory and certification expenses of ₹5.5 crore, the adjusted margin would have been approximately 9.7%. Net profit for the year grew 25% to reach ₹135 crore, supported by strong execution and consistent capacity utilization across its Pre-Engineered Building segments.

Management Outlook

Looking forward, the leadership team expressed high confidence in sustaining this momentum, projecting revenues of ₹2,150-2,200 crore for FY27 and targeting ₹2,500 crore by FY28. Central to this growth strategy is the commissioning of new facilities in Gujarat and Andhra Pradesh by July 2026, which will enhance the company's geographical footprint and production capacity. Interarch is also pivoting toward high-value structural steel projects and expanding its export reach through a North American joint venture.

To support Phase 2 and 3 of its expansion plans, the company is evaluating various capital-raising options, including a potential Qualified Institutional Placement (QIP) in the near future.

Sector Dynamics

The Pre-Engineered Building (PEB) sector in India is benefiting from a structural shift toward rapid construction and industrial automation. Interarch management noted a healthy demand pipeline exceeding ₹3,500 crore, complemented by immediate near-term opportunities worth ₹800-900 crore. However, the industry remains sensitive to fluctuations in steel prices and potential labor shortages at large-scale construction sites.

While the company utilizes a pass-through pricing model to mitigate raw material volatility, geopolitical risks affecting LPG supply chains remain a monitored concern. Despite these challenges, the entry into specialized segments like 'Open Web Joist' systems for international markets presents a significant diversification opportunity.

What to Watch

• Operational commencement and ramp-up of the new Gujarat and Andhra Pradesh plants in July 2026.
• Progress on the North American export joint venture and its contribution to high-margin revenue.
• Management's decision on the timing and size of the proposed QIP or fundraise for Phase 2/3 expansion.
• Ability to maintain EBITDA margins near the 10% mark as heavy structure projects scale up.

“Revenue guidance of ₹2,150-2,200cr for FY27 and ₹2,500cr for FY28.”

Interarch Building Solutions · financial snapshot

Share price	₹1758.3
Market capitalisation	₹2,949.00 Cr
Revenue (annual)	₹1,898.00 Cr
Net profit (annual)	₹134.52 Cr
Revenue (latest quarter)	₹503.62 Cr-3.62% vs previous quarter
Net profit (latest quarter)	₹36.60 Cr-1.78% vs previous quarter
P/E (TTM)	21.92×Sector 33.57×
Promoter holding	59.43%0.00% QoQ
FII holding	5.29%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.