Desco Infratech Posts Strong Growth And Expands Internationally

08 May 2026 CW Team

Desco Infratech Limited reported results for the period ended 31 March 2026, with revenue from operations of Rs 1,187.93 million (mn), up 99.28 per cent year on year. EBIT rose to Rs 234.35 mn and profit after tax to Rs 163.81 mn, increases of 76.30 per cent and 80.87 per cent respectively. Net worth increased to Rs 708.46 mn, up 20.32 per cent.

The City Gas Distribution (CGD) segment remained the main growth engine, generating Rs 832.40 mn of revenue and Rs 128.42 mn of profit, with a PAT margin of 15.42 per cent. The Power and Renewable engineering, procurement and construction segment contributed Rs 353.72 mn of revenue and Rs 35.39 mn of profit, with a PAT margin of 10.01 per cent. Management said margin moderation reflected the shift into the lower margin EPC business while CGD margins stayed stable.

The company completed the acquisition of Shri Green Agro Energies Private Limited to secure government approvals and shorten project gestation, and incorporated a wholly owned entity, Desco Global FZ-LLC, in Ras Al Khaimah to support international operations. It said the moves would accelerate project mobilisation, broaden geographic reach and facilitate cross border opportunities. The group also continues to scale its renewable activities through its wholly owned subsidiary Desco Bio Green Limited.

Order book stood at about Rs 3.45 billion (bn) and the tender pipeline at roughly Rs 6.50 bn, underpinning near term opportunity visibility. Net cash flow from operations was negative Rs 179.60 mn versus negative Rs 121.07 mn in the prior year as working capital rose with project mobilisation. Management said it will focus on collection efficiencies and optimisation of working capital cycles to support growth.

With a strengthened pipeline, strategic acquisitions and international expansion the company signalled confidence in sustaining growth and long term value creation. The disclosure was filed from Surat on five May 2026.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..