Board Meeting Details

The Board of Directors meeting was held on August 12, 2026, commencing at 3:32 PM and concluding at 3:48 PM. The Audit Committee reviewed the financial results in its meeting held on the same date.

Financial Results - Standalone (₹ in Lakhs)

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from operations: ₹12,572.00
  • Other income: ₹206.95
  • Total Income: ₹12,757.95
  • Expenses: ₹10,733.00
  • Cost of sales and services: ₹9,565.07
  • Changes in inventories: ₹491.47
  • Employee benefits expense: ₹844.80
  • Finance costs: ₹347.08
  • Depreciation and amortization: ₹159.18
  • Other expenses: ₹308.35
  • Profit before exceptional items and tax: ₹2,046.37
  • Exceptional items: None
  • Profit before tax: ₹2,046.37
  • Tax expense: ₹553.73
  • Current tax: ₹550.00
  • Deferred tax liability/(assets): ₹10.99
  • Income tax relating to earlier years & firm tax: ₹-4.72
  • Profit for the period: ₹1,502.64
  • Other comprehensive income: ₹-0.10
  • Total comprehensive income: ₹1,502.54
  • Earnings per share (Basic & Diluted): ₹2.71
  • Weighted average number of shares: 55,530,807

Comparative Figures

  • Q4 FY26 (Unaudited): PAT ₹527.97, Revenue ₹8,661.90
  • Q1 FY25 (Unaudited): PAT ₹3,758.14, Revenue ₹11,972.00
  • FY26 (Audited): PAT ₹8,816.90, Revenue ₹19,805.00

Financial Results - Consolidated (₹ in Lakhs)

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from operations: ₹15,723.69
  • Other income: ₹210.81
  • Total Income: ₹15,934.50
  • Expenses: ₹13,826.72
  • Cost of sales and services: ₹12,098.80
  • Changes in inventories: ₹-858.30
  • Employee benefits expense: ₹1,000.75
  • Finance costs: ₹493.05
  • Depreciation and amortization: ₹213.59
  • Other expenses: ₹878.83
  • Profit before exceptional items and tax: ₹2,107.78
  • Exceptional items: None
  • Profit before tax: ₹2,107.78
  • Tax expense: ₹558.67
  • Current tax: ₹569.81
  • Deferred tax liability/(assets): ₹-13.69
  • Income tax relating to earlier years & firm tax: ₹2.56
  • Profit for the period: ₹1,549.11
  • Other comprehensive income: ₹-0.10
  • Total comprehensive income: ₹1,549.01
  • Attributable to shareholders: ₹1,547.99
  • Attributable to non-controlling interest: ₹1.12
  • Earnings per share (Basic & Diluted): ₹2.79
  • Weighted average number of shares: 55,530,807

Comparative Figures

  • Q4 FY26 (Audited): PAT ₹571.12, Revenue ₹12,049.96
  • Q1 FY25 (Unaudited): PAT ₹3,806.35, Revenue ₹23,888.89
  • FY26 (Audited): PAT ₹9,119.03, Revenue ₹73,274.72

Segment Information (Consolidated)

The Group operates in three segments:

1. Construction of Infrastructure Projects (Sewer, STPs, Water Tanks, Roads, Electrification, Building Construction)

2. Manufacture of flex sheets and paper products

3. Manufacture of Ready Mix Concrete (RMC)

Q1 FY27 Segment Revenue

  • Contractor: ₹12,944.73
  • Manufacturing of flex sheets and paper products: ₹2,778.96
  • Manufacturing of RMC: ₹0.00
  • Total: ₹15,723.69

Q1 FY27 Segment Results (Profit before tax, finance cost and exceptional items)

  • Contractor: ₹2,505.56
  • Manufacturing of flex sheets and paper products: ₹15.81
  • Manufacturing of RMC: ₹0.52
  • Total: ₹2,608.83

Subsidiaries and Joint Ventures

Subsidiary Entities:

  • SKUEM Water Projects Private Limited (Wholly owned)
  • EMS Green Energy Private Limited (Wholly owned)
  • EMS-TCP JV Private Limited (74% owned)
  • Mirzapur Ghazipur STPS Private Limited (60% owned)
  • Canary Infrastructure Private Limited (Wholly owned)
  • EMS Industries Private Limited (60% owned)

Partnership Firm/Joint Venture:

  • EMS Constructions (74%)
  • EMS Concrete (75%)
  • EMS NIPL JV (74%)

Auditor's Qualifications

  • The financial results do not include profit/loss of EMS Himal Hydro JV (51% share) and EMS Singh JV (1% share) as financial statements were not provided by management, but deemed to have no material impact.
  • Fair value of Polymatech Electronics Limited (unlisted) could not be assessed due to unavailability of latest financial statements; shares valued at cost price.
  • For consolidated results, did not review interim financial results of Mirzapur Ghazipur STPS Private Limited (subsidiary) which reflected total assets of ₹10,772.75 lakhs, revenue of ₹608.85 lakhs, net loss of ₹3.21 lakhs, and net cash outflow of ₹23.82 lakhs for the quarter.

Order Book and New Contracts

As of June 30, 2026, order book stands at ₹2,328.91 crore. New orders worth ₹316.74 crore received during April-June 2026:

May 2026 Awards:

1. Sewer networks and house connection work in Varanasi (5 wards): ₹143.80 crore (excluding GST), 24-month execution period

2. Sewer networks and house connection work in Varanasi (2 wards): ₹64.85 crore (excluding GST), 18-month execution period

June 2026 Awards:

1. Sewer networks and house connection work in Varanasi (4 wards): ₹102.85 crore (excluding GST), 24-month execution period

2. Sewerage system at Lala Lajpat Rai Medical College, Meerut: ₹5.26 crore (excluding GST)

Credit Rating Update

CRISIL Limited has assigned/reaffirmed credit ratings:

  • Total Bank Loan Facilities Rated: ₹660 crores (enhanced from ₹625 crore)
  • Long Term Ratings: CRISIL A-/Stable (Reaffirmed)
  • Short Term Ratings: CRISIL A2+ (Reaffirmed)

Additional Information

  • EMS Limited commenced consolidation of EMS Concrete (75% partnership firm) from April 1, 2026
  • Subsidiary SKUEM Water Projects uses revaluation model for PPE, adjusted to cost model during consolidation as per Ind AS 110