We Shape What Shapes Lives

Our journey ahead is about more than providing solutions — it’s about asking the questions that lead to lasting impact. Because we don’t just shape infrastructure — We Shape What Shapes Lives.

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As your company enters the 'Next 50’ era, I take immense pride in a legacy that not only inspires but empowers us to uphold our resolve—'We Shape What Shapes Lives’ — with purpose and progress guiding the way.

We began FY2025 facing strong headwinds: policy shifts tested our longstanding position in the Quality Assurance vertical, and in our Export business, Yet, we saw these not as setbacks, but as catalysts spurring us on to ADAPT.

The Year That Went By

In the year that went by, your company achieved a consolidated revenue of ₹2324 crore against ₹2539 crore in FY24. The operating revenue, excluding other income, stood at ₹2218 crore against ₹2453 crore in FY24. This decline, primarily due to reduced contributions from the two high-margin business segments—Quality Assurance and Export, impacted overall profitability. Profit Before Tax stood at ₹565 crore (₹470 crore in FY24), while Profit After Tax was ₹424 crore, compared to ₹495 crore in FY24.

Still, this period of challenge became a catalyst for strategic reset—strengthening our consultancy capabilities, improving execution and pursuing big-ticket opportunities. And the outcome...

Project Consultancy emerged as a powerhouse, recording its revenue of ₹1,133 crore, while our Turnkey and Leasing verticals notched up revenue of ₹797 crore and ₹150 crore, respectively. In Quality Assurance, we rebuilt from the ground up—broadening our client base, entering new industrial sectors, and reclaiming ground through tailored strategies.

Your company continued to uphold its position as a ‘One Order a Day’ organisation and added another feather to its cap by securing at least one export order in every quarter— reinforcing its capability to deliver increasingly competitive, multi-sectoral complex mandates.