INTERARCH - Interarch Build.
📢 Recent Corporate Announcements
Interarch Building Solutions Limited has announced its participation in a Non-Deal Roadshow (NDR) scheduled for March 18 and 19, 2026. The event is organized by Avendus Spark and will take place in Chennai, featuring 1x1 and group meetings with institutional investors. The company has clarified that discussions will be based strictly on publicly available information, with no unpublished price sensitive information (UPSI) being shared. This move is part of the company's regular investor engagement and transparency efforts.
- Non-Deal Roadshow (NDR) scheduled for March 18 and 19, 2026, in Chennai.
- Meetings organized by Avendus Spark starting from 10:00 am IST onwards.
- Interaction format includes both 1x1 and group meetings with institutional investors.
- Company confirms no unpublished price sensitive information (UPSI) will be discussed.
Interarch Building Solutions Limited has announced a plant visit for analysts and institutional investors scheduled for March 20, 2026. The visit will take place at the company's Athivaram facility in Andhra Pradesh, allowing stakeholders to observe manufacturing operations. Management has stated that discussions will be based strictly on publicly available information to ensure compliance with SEBI regulations. This event is part of the company's routine investor relations engagement to maintain transparency regarding its infrastructure.
- Plant visit for analysts and institutional investors scheduled for March 20, 2026.
- The interaction will be held at the Athivaram Plant located in Andhra Pradesh.
- Discussions will be limited to publicly available information with no UPSI shared.
- Disclosure made in compliance with Regulation 30(6) of SEBI LODR Regulations 2015.
Interarch Building Solutions has secured a domestic order valued at approximately Rs 44 crore plus taxes for a Pre-Engineered Steel Building System. The scope of work includes design, engineering, manufacturing, supply, and erection, with a completion period of 7 months. The company has secured a 5% advance payment, ensuring initial project funding. This domestic contract reinforces the company's order book and visibility for the upcoming fiscal quarters.
- Order value of approximately Rs 44 Crores plus taxes
- Project completion period set at 7 months
- Includes design, engineering, manufacturing, supply, and erection
- 5% advance payment received along with the order
Interarch Building Solutions Limited has scheduled two virtual group meetings with institutional investors and analysts in March 2026. The first meeting is organized by Arihant Capital for the 'Bharat Connect Conference: Rising Stars' on March 11 from 2:00 PM to 3:00 PM. The second session is organized by Systematix Securities on March 13 from 12:00 PM to 1:00 PM. These interactions will focus on publicly available information and are part of the company's routine investor relations engagement.
- First meeting scheduled for March 11, 2026, between 2:00 PM and 3:00 PM IST
- Second meeting scheduled for March 13, 2026, between 12:00 PM and 1:00 PM IST
- Interactions organized by Arihant Capital and Systematix Securities respectively
- Both meetings will be conducted in virtual mode as group interactions
- Company confirms no unpublished price sensitive information (UPSI) will be shared
Interarch Building Solutions reported Q3 FY26 results that exceeded management expectations, driven by robust demand in the Pre-Engineered Building (PEB) sector. The company has approved a ₹100 crore fundraise via QIP or preferential allotment to prepone its expansion plans in Gujarat and Andhra Pradesh. This strategic move aims to increase heavy structure capacity to 40,000-45,000 tons per year to compete for larger industrial contracts. Management remains optimistic about growth in complex segments like data centers and semiconductor plants.
- Approved raising ₹100 crore to accelerate capital expenditure and capacity expansion by approximately 12 months.
- Targeting a heavy structure capacity of 40,000 to 45,000 tons to handle large-scale orders exceeding 10,000 tons.
- New plants in Gujarat and Andhra Pradesh (AP 2) are scheduled to become operational between June and December.
- Management noted a significant shift in the market toward integrated PEB solutions over traditional civil construction.
- Clarified that Chinese imports pose minimal threat due to the specialized engineering and execution requirements of the PEB model.
Interarch Building Solutions has confirmed that there were no deviations or variations in the utilization of its ₹200 crore IPO proceeds for the quarter ended December 31, 2025. The company has fully utilized funds allocated for incremental working capital (₹55 crore) and general corporate purposes (₹48.70 crore). Significant progress is seen in facility upgradation and IT infrastructure, with ₹22.02 crore and ₹4.93 crore spent respectively. The monitoring agency, CRISIL Ratings, has reviewed the utilization, ensuring transparency in capital deployment.
- Total amount raised via IPO on August 22, 2024, was ₹20,000 Lakhs (₹200 Crores).
- Zero deviation reported in the utilization of funds compared to the objects stated in the offer letter.
- ₹55.00 Crore fully utilized for incremental working capital requirements.
- ₹22.02 Crore spent on upgradation of manufacturing facilities in Kichha, Tamil Nadu, and Pant Nagar.
- ₹9.46 Crore utilized for final payment towards new land acquisition for Manufacturing Facility-II in Andhra Pradesh.
Interarch Building Solutions Limited has released the audio recording of its earnings conference call held on February 3, 2026. The call addressed the company's unaudited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure is part of the mandatory compliance under SEBI Listing Obligations and Disclosure Requirements. Investors can access the recording on the company's website to understand management's perspective on recent operational performance.
- Audio recording of the Q3 FY26 earnings call is now available for public access.
- The conference call was conducted on February 3, 2026, at 4:30 p.m. IST.
- Discussion focused on financial results for the quarter and nine months ended December 31, 2025.
- Filing complies with Regulation 30 and 46(2)(oa) of SEBI LODR Regulations.
Interarch Building Solutions reported a robust Q3 FY26 with revenue crossing the ₹500 Cr milestone for the first time, driven by strong execution in the industrial and manufacturing sectors. The company's PAT grew 32.2% YoY to ₹37.3 Cr, despite a one-time statutory impact of ₹3.2 Cr from new labor codes. The order book remains strong at ₹1,685 Cr, supported by recent wins of ₹559 Cr and a strategic push into exports via a partnership with Mold-Tek Technologies. Capacity expansion in Gujarat and Andhra Pradesh is on track for Q2 FY27, positioning the firm for sustained growth.
- Quarterly revenue hit an all-time high of ₹523 Cr, registering a 44% YoY growth compared to Q3 FY25.
- Order book stands at ₹1,685 Cr as of January 31, 2026, with ₹559 Cr in new orders booked between Nov 2025 and Jan 2026.
- EBITDA grew 43.2% YoY to ₹50.3 Cr, while 9M FY26 PAT increased by 41.1% to ₹97.9 Cr.
- Strategic entry into exports with ₹13 Cr in new orders from Ghana and Myanmar and a new collaboration with Mold-Tek Technologies.
- New manufacturing facilities in Gujarat and Andhra Pradesh are progressing on schedule for commercialization by Q2 FY27.
Interarch Building Solutions delivered a record-breaking performance in Q3 FY26, with quarterly revenue crossing the ₹500 Cr milestone for the first time at ₹522.5 Cr. Profit After Tax (PAT) grew by 32.2% YoY to ₹37.3 Cr, while 9-month PAT saw a robust 41.1% increase to ₹97.9 Cr. The company maintains a strong order book of ₹1,685 Cr as of January 31, 2026, providing high revenue visibility. Expansion projects in Gujarat and Andhra Pradesh are on track for commercialization by Q2 FY27, which is expected to further boost capacity.
- Revenue from operations grew 43.7% YoY to ₹522.5 Cr in Q3 FY26.
- EBITDA (excluding other income) increased 43.2% YoY to ₹50.3 Cr with a 9.6% margin.
- Profit After Tax (PAT) for 9M FY26 rose 41.1% YoY to ₹97.9 Cr.
- Total order book as of January 31, 2026, stands at a healthy ₹1,685 Cr.
- New Gujarat PEB and AP Heavy Steel Structure facilities expected to be commercialized by Q2 FY27.
Interarch Building Solutions has approved a ₹75 crore investment for Phase 2 of its Andhra Pradesh manufacturing facility. This expansion will add 24,000 MT of annual capacity for heavy fabrication and multi-storey pre-engineered steel buildings, effectively doubling the unit's total capacity. Construction is scheduled to begin in April 2026, with commercial production expected by Q4 FY 2026-27. The project aims to meet rising market demand and will be funded through internal accruals and term loans.
- Investment of ₹75 crore for Phase 2 expansion at the Athivaram, Andhra Pradesh plant
- Proposed capacity addition of 24,000 MT, matching the existing Phase 1 capacity
- Commercial production targeted to commence in Q4 FY 2026-2027
- Focus on high-growth segments including heavy fabrication and multi-storey pre-engineered buildings
- Funding strategy involves a mix of internal cash accruals and term loans
Interarch Building Solutions has appointed its current CEO, Mr. Manish Kumar Garg, as an Additional Director in the capacity of Executive Director for a five-year term starting February 2, 2026. Mr. Garg, an alumnus of Harvard Business School with over 30 years of experience in the Pre-Engineered Buildings (PEB) sector, will continue to serve as the CEO. The board noted his instrumental role in driving the company's strategic and financial performance. This appointment aims to integrate operational leadership more closely with the board's strategic oversight.
- Mr. Manish Kumar Garg appointed as Executive Director for a 5-year tenure effective February 2, 2026
- The appointee will concurrently maintain his role as the Chief Executive Officer of the company
- Mr. Garg brings over 30 years of specialized expertise in the metal buildings and PEB domain
- The appointment is subject to the approval of the company's shareholders
- Mr. Garg was previously recognized as an industry doyen at the CIDC Vishwakarma Awards 2025
Interarch Building Solutions reported a robust Q3 FY26 with revenue from operations growing 43.7% YoY to ₹522.52 crore. Net profit increased by 32.1% YoY to ₹37.26 crore, even after accounting for an exceptional cost of ₹3.24 crore related to new labor codes. The board has approved a fresh fundraise of up to ₹100 crore via QIP to support capital expenditure. While the company noted a prior Income Tax search from August 2025, auditors have issued a clean limited review report.
- Revenue from operations surged 43.7% YoY to ₹522.52 crore in Q3 FY26.
- Net Profit (PAT) rose 32.1% YoY to ₹37.26 crore compared to ₹28.20 crore in the previous year.
- Board approved raising up to ₹10,000 lakhs (₹100 crore) through a Qualified Institutional Placement (QIP).
- Recognized an exceptional item of ₹3.24 crore due to the statutory impact of new Labour Codes.
- Utilized ₹158.11 crore of IPO proceeds towards project setup, facility upgrades, and working capital.
Interarch Building Solutions reported a strong performance for Q3 FY26, with revenue from operations growing 43.7% YoY to ₹522.5 crore. Net profit for the quarter rose 32.2% YoY to ₹37.3 crore, despite an exceptional item of ₹3.24 crore related to new labor codes. The company is entering an aggressive growth phase, approving a ₹100 crore fundraise via QIP and announcing a new manufacturing plant in Kheda, Gujarat, alongside Phase 2 of its Andhra Pradesh facility. CEO Manish Kumar Garg has also been elevated to the board as an Executive Director.
- Revenue from operations increased 43.7% YoY to ₹52,252.25 lakhs from ₹36,361.52 lakhs.
- Net Profit (PAT) grew 32.2% YoY to ₹3,726.42 lakhs compared to ₹2,819.66 lakhs in the previous year's quarter.
- Board approved raising up to ₹100 crore through the issuance of securities via Qualified Institutional Placement (QIP).
- Major expansion announced including land purchase for a new plant in Kheda, Gujarat, and Phase 2 of the Andhra Pradesh unit.
- CEO Manish Kumar Garg appointed as Additional Director (Executive) for a 5-year term.
Interarch Building Solutions has received a notice under Section 158BC of the Income-tax Act, 1961, following previous IT searches in August 2025. The notice requires the company, its Key Managerial Personnel, and Senior Management to file returns for undisclosed income for the block period spanning April 1, 2019, to October 17, 2025. As of January 29, 2026, the company reports that no specific tax demand, penalty, or adverse order has been issued. The company maintains that the notice is procedural and is taking steps to comply with the filing requirements.
- Notice received under Section 158BC of the Income-tax Act on January 29, 2026.
- Covers a block period of over 6 years from April 1, 2019, to October 17, 2025.
- Applies to the Company, Key Managerial Personnel (KMPs), and Senior Management Personnel (SMPs).
- No financial demand or penalty has been quantified or levied against the company as of the current date.
- Follow-up to the Income Tax department searches conducted in August 2025.
Interarch Building Solutions Limited has scheduled its earnings conference call for the third quarter and nine months ended December 31, 2025. The call is slated for February 3, 2026, at 4:30 PM IST, following the release of its unaudited financial results. Senior management, including the Managing Director, CEO, and CFO, will be present to discuss performance and answer questions. This event is a standard regulatory requirement providing a platform for management to interact with institutional investors and analysts.
- Earnings call for Q3 and 9M FY26 scheduled for February 3, 2026, at 4:30 PM IST.
- Management representation includes MD Arvind Nanda, CEO Manish Kumar Garg, and CFO Pushpendra Kumar Bansal.
- The call will be moderated by Ambit Capital and includes international toll-free access for Singapore, HK, USA, and UK.
- The discussion will focus on the unaudited financial results for the period ending December 31, 2025.
Financial Performance
Revenue Growth by Segment
Industrial/Manufacturing Construction contributed 89% of revenue in Q2 FY26, up from 73% in Q2 FY25. Infrastructure Construction decreased to 6% from 25% YoY. Building Construction stood at 5% in Q2 FY26 compared to 2% in Q2 FY25. Overall revenue grew 51.9% YoY to INR 491 Cr in Q2 FY26.
Geographic Revenue Split
Not specifically disclosed by percentage per region, but the company maintains a wide presence across India and is actively investing to develop exports in a bigger way to diversify its geographic footprint.
Profitability Margins
Net Profit Margin improved to 7.0% in H1 FY26 from 6.5% in H1 FY25. Operating profitability improved significantly from 4.3% in FY22 to 9.4% in FY23. Profit After Tax (PAT) for Q2 FY26 was INR 32 Cr, a 56.2% increase from INR 21 Cr in Q2 FY25.
EBITDA Margin
EBITDA margin stood at 8.4% in H1 FY26 compared to 8.3% in H1 FY25. For Q2 FY26, the margin was 8.5%, up from 7.8% in Q2 FY25. The company aims for double-digit EBITDA margins through operating leverage and larger order sizes.
Capital Expenditure
Property, Plant & Equipment (PPE) increased to INR 209.6 Cr as of September 2025 from INR 149.4 Cr in March 2025, representing a capital outlay of approximately INR 60.2 Cr in six months for capacity expansion in Gujarat and Andhra Pradesh.
Credit Rating & Borrowing
CRISIL upgraded the rating to 'CRISIL A/Stable/CRISIL A1' from 'CRISIL A-/Stable/CRISIL A2+'. The company is virtually debt-free with a gearing ratio below 0.02 times and interest coverage estimated above 16 times for FY25.
Operational Drivers
Raw Materials
Steel (including steel coils and plates) is the primary raw material. While the exact percentage of total cost is not specified, the company notes that 75% of contracts are fixed-price, making margins highly sensitive to steel price volatility.
Import Sources
Sourced domestically within India; specific states are not listed, but the company has a strategic partnership with JSPL (Jindal Steel and Power Limited) for heavy steel building segments.
Key Suppliers
JSPL (Jindal Steel and Power Limited) is a key strategic partner for sourcing and joint opportunities in heavy steel structures.
Capacity Expansion
Expanding Pre-engineered Building (PEB) capacity in Gujarat and Heavy Steel Structures (including multistory buildings) in Athivaram, Andhra Pradesh. PPE increased 40% in H1 FY26 to support this expansion.
Raw Material Costs
Raw material costs are a major component of the cost structure; the company faces risk because only 25% of contracts are variable-price, meaning 75% of the portfolio cannot pass on sudden steel price spikes to customers.
Manufacturing Efficiency
Operating leverage is improving as scale increases; revenue per employee and overhead absorption are expected to improve as production volumes rise at new facilities.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Achieving growth through expansion into new-age industries (semiconductors, EVs, data centers), increasing capacity in Gujarat and Andhra Pradesh, and strategic partnerships with JSPL for heavy steel and Mold-Tek for global exports. The company is leveraging its INR 1,634 Cr order book to sustain momentum.
Products & Services
Pre-engineered Buildings (PEB), Heavy Steel Structures, Multistory Buildings, and industrial/manufacturing construction solutions.
Brand Portfolio
Interarch, Interarch Building Solutions.
New Products/Services
Expansion into Heavy Steel Structures and Multistory Buildings through the new Athivaram plant; targeting high-growth sectors like Renewables and Semiconductors.
Market Expansion
Increasing presence in Southern and Western India through new plants and exploring international markets via a collaboration with Mold-Tek Technologies to enhance export capabilities.
Market Share & Ranking
The company claims a 'pretty high market share' in the organized PEB sector in India, though specific percentage ranking is not provided.
Strategic Alliances
Partnership with JSPL for multistory and heavy steel segments; collaboration with Mold-Tek Technologies for global export expansion.
External Factors
Industry Trends
The global PEB market is projected to grow from USD 19-21 Bn in 2023 to USD 32-34 Bn by 2028. The industry is shifting toward complex, multistory steel buildings and serving new-age sectors like data centers and EV plants.
Competitive Landscape
Competitors are increasing capacity from lower bases; Interarch focuses on the organized sector where it maintains high market share and targets double-digit margins through complexity and scale.
Competitive Moat
Moat is built on a 25-year track record, established relationships with blue-chip industrial clients (79% repeat orders in FY23), and the technical capacity to execute complex, large-scale heavy steel projects.
Macro Economic Sensitivity
Highly sensitive to the industrial capex cycle and GDP growth, as 89% of revenue is derived from the Industrial/Manufacturing sector.
Consumer Behavior
Industrial customers are increasingly shifting toward PEB over traditional construction for faster turnaround times in sectors like logistics and electronics manufacturing.
Geopolitical Risks
Global steel price fluctuations driven by international trade dynamics directly impact input costs and profitability.
Regulatory & Governance
Industry Regulations
Operations must comply with Section 134(3)(n) of the Companies Act, 2013 and Regulation 21 of SEBI Listing Regulations regarding risk management and internal controls.
Environmental Compliance
The Risk Management Committee is responsible for sustainability and ESG-related risks as per the 2024-25 Annual Report.
Taxation Policy Impact
Effective tax rate is approximately 25.3% based on H1 FY26 figures (INR 20.6 Cr tax on INR 81.3 Cr PBT).
Legal Contingencies
Not disclosed in available documents; the company reported 0 pending investor complaints at the end of FY25.
Risk Analysis
Key Uncertainties
Volatility in steel prices poses a significant risk to the 75% of the order book that is fixed-price. A sustained downturn in industrial capex could impact the INR 1,634 Cr order book execution.
Geographic Concentration Risk
Historically concentrated in India, but diversifying with new plants in Andhra Pradesh and Gujarat to reduce regional dependency.
Third Party Dependencies
Dependency on steel producers like JSPL for raw material supply and joint project execution in the heavy steel segment.
Technology Obsolescence Risk
Low risk; the company is upgrading to 'new age' construction for data centers and semiconductors to stay ahead of traditional construction methods.
Credit & Counterparty Risk
Trade receivables stood at INR 177.3 Cr in Sept-25, down from INR 211.0 Cr in Mar-25, indicating improving collection efficiency despite higher revenue.