Date: October 30, 2026

Financial Performance Summary

Q2 FY27 Consolidated Results (Year-over-Year Comparison)

Revenue Performance:

  • Revenue from Operations: ₹8,857 million (up 34% from ₹6,613 million in Q2 FY26)

Profitability Metrics:

  • EBITDA: ₹1,369 million (up 46% from ₹938 million in Q2 FY26)
  • EBITDA Margin: 15.5% (expanded from 14.2% in Q2 FY26)
  • EBIT: ₹1,303 million (up 52% from ₹856 million in Q2 FY26)
  • EBIT Margin: 14.6% (expanded from 12.8% in Q2 FY26)
  • PAT: ₹769 million (up 58% from ₹486 million in Q2 FY26)
  • PAT Margin: 8.6% (expanded from 7.3% in Q2 FY26)

H1 FY27 Consolidated Results (Year-over-Year Comparison)

Revenue Performance:

  • Revenue from Operations: ₹16,883 million (up 5% from ₹16,068 million in H1 FY26)

Profitability Metrics:

  • EBITDA: ₹2,564 million (up 16% from ₹2,215 million in H1 FY26)
  • EBITDA Margin: 15.2% (expanded from 13.8% in H1 FY26)
  • EBIT: ₹2,464 million (up 18% from ₹2,087 million in H1 FY26)
  • EBIT Margin: 14.5% (expanded from 12.9% in H1 FY26)
  • PAT: ₹1,427 million (up 13% from ₹1,264 million in H1 FY26)
  • PAT Margin: 8.4% (expanded from 7.8% in H1 FY26)

Balance Sheet and Operational Highlights

Debt Position:

  • Gross Debt as of September 30, 2026: ₹8,845 million
  • Gross Debt to Equity: 0.70x

Order Book Status:

  • Total Order Book as of September 30, 2026: ₹81,466 million
  • Order Book Composition: ~75% public sector, ~25% private sector
  • H1 FY27 Order Booking: ₹22,291 million

Management Commentary

Mr. Arjan Suja Rabari, Chairman and Managing Director, commented on the performance:

  • The company delivered strong performance with healthy growth in project execution and notable improvement in profitability
  • Focus on timely project delivery, efficient resource utilization, and disciplined project management enabled higher execution levels and enhanced operating margins
  • Robust progress across projects reflected strength of execution capabilities and team dedication
  • Improved project mix, better operational efficiencies, and stringent cost controls contributed to margin expansion
  • India's irrigation and water management sector continues to offer significant opportunities supported by government emphasis on water conservation and sustainable irrigation infrastructure
  • Healthy order book provides strong revenue visibility and supports execution momentum
  • Diversified order book with robust pipeline of bid opportunities offers solid foundation for future growth
  • Company continues to evaluate new projects selectively, focusing on opportunities aligning with execution strengths and profitability objectives
  • Remains optimistic about business environment and committed to strengthening market position through operational excellence and prudent financial management

Company Description

LCC Projects Limited is a multidisciplinary EPC company in irrigation and water supply segment with focus on complex projects, having strong track record in project management, execution and timely completion of irrigation and water supply projects across India.