Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI LODR Regulations 30 & 33
Date of Board Meeting / Approval: November 06, 2026
Audit Opinion: Unmodified Review Conclusion (Clean)
Auditor’s Comment: The review report is unmodified. However, the auditors, Deloitte Haskins & Sells, noted that they did not review the financials of 6 subsidiaries and 1 joint venture, which are material to the group. They relied on reviews by other auditors for these entities. The financials of 5 other subsidiaries, deemed not material by management, were certified by management and not reviewed by their auditors.
Key Financial Highlights [Unit: INR in millions]
Consolidated Results:
Revenue from Operations:
- Q2 FY27: ₹12,717.18 (vs. Q2 FY26: ₹8,574.76; +48.3% YoY)
- H1 FY27: ₹22,210.07 (vs. H1 FY26: ₹16,547.06; +34.2% YoY)
Total Income:
- Q2 FY27: ₹12,753.93
- H1 FY27: ₹22,300.53
Net Profit (Loss) for the period:
- Q2 FY27: ₹127.25 (Profit)
- H1 FY27: ₹111.44 (Profit)
Net Profit Attributable to Owners of the Company:
- Q2 FY27: ₹139.49 (Profit)
- H1 FY27: ₹134.63 (Profit)
EPS (Basic) (Face value of INR 10.00 per share):
- Q2 FY27: ₹0.93 (not annualised)
- H1 FY27: ₹0.90 (not annualised)
Other Equity (Reserves):
- As at September 30, 2026: ₹5,931.98
- As at March 31, 2026: ₹5,190.88
Cash and Cash Equivalents:
- As at September 30, 2026: ₹2,242.67
- As at March 31, 2026: ₹498.72
Debt:
Borrowings (Non-current + Current):
- As at September 30, 2026: ₹4,976.29 (Non-current: ₹1,917.19; Current: ₹3,059.10)
- As at March 31, 2026: ₹796.03 (all Current)
Standalone Results:
Revenue from Operations:
- Q2 FY27: ₹6,828.21 (vs. Q2 FY26: ₹5,846.12; +16.8% YoY)
- H1 FY27: ₹12,804.19 (vs. H1 FY26: ₹11,249.85; +13.8% YoY)
Total Income:
- Q2 FY27: ₹6,875.37
- H1 FY27: ₹12,886.71
Net Profit for the period:
- Q2 FY27: ₹14.62
- H1 FY27: ₹54.31
EPS (Basic) (Face value of INR 10.00 per share):
- Q2 FY27: ₹0.10 (not annualised)
- H1 FY27: ₹0.36 (not annualised)
Other Equity (Reserves):
- As at September 30, 2026: ₹7,224.54
- As at March 31, 2026: ₹7,200.23
Cash and Cash Equivalents:
- As at September 30, 2026: ₹226.05
- As at March 31, 2026: ₹362.69
Debt:
Borrowings (Current):
- As at September 30, 2026: ₹1,450.00
- As at March 31, 2026: ₹350.00
Segment-wise Performance [Unit: INR in millions]
Segment Revenue for Q2 FY27:
- Facility Management and Food Services: ₹6,005.50
- Smart Infra, Energy and Engineering: ₹4,486.72
- Security Services: ₹2,006.77
- Foundit: ₹218.19
Segment Results (Profit/(Loss)) for Q2 FY27:
- Facility Management and Food Services: ₹285.05 (Profit)
- Smart Infra, Energy and Engineering: ₹488.83 (Profit)
- Security Services: ₹64.05 (Profit)
- Foundit: (₹131.10) (Loss)
Corporate Actions:
Not Specified
Other Significant Information:
Acquisitions:
1. STEAG Energy Services (India) Private Limited (SESI): Acquired on May 20, 2026, by subsidiary Bluspring New Horizon One Private Limited for a consideration of ₹1,803.03 million. Its results are included from May 21, 2026, in the 'Smart Infra, Energy and Engineering' segment.
2. LSG Sky Chefs (India) Private Limited (LSG India): Acquired on August 06, 2026, by subsidiary Bluspring New Horizon Two Private Limited for a consideration of ₹1,598.84 million. Its results are included from August 06, 2026, in the 'Facility Management and Food Services' segment.
Exceptional Items:
The previous year (FY26) included exceptional items related to professional fees for the aforementioned acquisitions (₹67.79 million), demerger-related expenses (₹12.71 million), and an incremental expense of ₹285.84 million (Consolidated) / ₹230.59 million (Standalone) due to the implementation of new Labour Codes.
Entities in Consolidation:
The consolidation includes 14 subsidiaries and 1 joint venture (STEAG O&M Company Private Limited), as listed in the annexures.