Meghna Infracon Q1 FY27 Revenue Drops 19% YoY

Profit & Loss Statement (Q1 FY27 vs Q1 FY26):

Revenue from Operations: ₹84.32 Mn (decreased 19% from ₹104.71 Mn YoY)
Total Expenses: ₹75.08 Mn (decreased 10.88% from ₹84.25 Mn YoY)
EBITDA: ₹9.30 Mn (decreased 53.63% from ₹20.06 Mn YoY)
EBITDA Margin: 11.02% (decreased 858 bps from 19.15% YoY)
Finance Cost: ₹1.36 Mn (increased significantly from ₹0.32 Mn YoY)
Depreciation: ₹1.28 Mn (increased 12.2% from ₹1.14 Mn YoY)
Other Income: ₹0.07 Mn (decreased 66.66% from ₹0.21 Mn YoY)
PBT: ₹5.67 Mn (decreased 70.4% from ₹19.2 Mn YoY)
Tax: ₹0.99 Mn (decreased 74% from ₹3.8 Mn YoY)
PAT: ₹5.67 Mn (decreased 63% from ₹15.33 Mn YoY)
PAT Margin: 6.72% (decreased 791 bps from 14.65% YoY)
Basic EPS: ₹0.25 (decreased 80.4% from ₹1.28 YoY)

Annual Financial Performance (FY26 vs FY25):

Revenue from Operations: ₹462.0 Mn (increased from ₹398.7 Mn YoY)
Total Expenses: ₹359.77 Mn (increased from ₹285.32 Mn YoY)
EBITDA: ₹102.23 Mn (increased from ₹28.3 Mn YoY)
EBITDA Margin: 22.12% (increased from 7.03% YoY)
Finance Cost: ₹23 Mn (increased from ₹3.1 Mn YoY)
Depreciation: ₹0.54 Mn (decreased from ₹1.8 Mn YoY)
Other Income: ₹1.1 Mn (decreased from ₹3.50 Mn YoY)
PBT: ₹95.6 Mn (decreased from ₹112.01 Mn YoY)
Tax: ₹39.6 Mn (increased from ₹14.1 Mn YoY)
PAT: ₹55.9 Mn (decreased from ₹97.9 Mn YoY)
PAT Margin: 12.10% (decreased from 24.55% YoY)
Basic EPS: ₹24.8 (increased from ₹8.5 YoY)

Balance Sheet (FY26 vs FY25):

Total Equity Funds: ₹268.98 Mn (increased from ₹99.887 Mn YoY)
Long Term Borrowing: ₹12.983 Mn (decreased from ₹31.433 Mn YoY)
Short Term Borrowings: ₹211.474 Mn (increased significantly from ₹1.496 Mn YoY)
Trade Payables: ₹17.394 Mn (decreased from ₹71.683 Mn YoY)
Other Current Liabilities: ₹53.43 Mn (decreased from ₹132.004 Mn YoY)
Total Current Liabilities: ₹295.205 Mn (increased from ₹219.355 Mn YoY)
Total Equity & Liabilities: ₹577.172 Mn (increased from ₹350.675 Mn YoY)
PPE: ₹15.660 Mn (increased from ₹9.547 Mn YoY)
Other Non-current Assets: ₹1.466 Mn (similar to ₹1.46 Mn YoY)
Total Non-current Assets: ₹24.516 Mn (increased from ₹17.716 Mn YoY)
Inventories: ₹343.009 Mn (increased from ₹219.071 Mn YoY)
Other Current Assets: ₹4.241 Mn (decreased from ₹5.452 Mn YoY)
Total Current Assets: ₹552.656 Mn (increased from ₹332.959 Mn YoY)
Total Assets: ₹577.172 Mn (increased from ₹350.675 Mn YoY)

Cash Flow Statement (FY26 vs FY25):

Cash flow from Operating Activities: ₹(247.5) Mn (negative, was ₹182.6 Mn positive YoY)
Cash flow from Financing Activities: ₹(11.20) Mn (negative, was ₹(18.8) Mn YoY)
Cash flow from Investing Activities: ₹302.0 Mn (positive, was ₹(160.8) Mn negative YoY)

| Rivaan | 52 | 40 | 190 | 70% |

| Shree Pranam | 34 | 25 | 20 | 20% |

| Meghna-One | 139 | 81 | 10 | 1% |

| Josville | 1 | 8 | 20 | 10% |

| Manju villa | 20 | 23 | 50 | 70% |

Asset-light redevelopment model targeting high IRR and fast turnaround
Expansion into South Mumbai (Dadar/Prabhadevi) and strengthening core clusters in Goregaon, Andheri, Versova
Targeting 3-5 new projects annually with focus on premium housing segment
Transition to lifestyle-led, aspirational living with smart and sustainable features
Low leverage (D/E ~0.27) enabling growth flexibility