Financial Performance Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹1,415.86 lakhs (compared to ₹1,641.81 lakhs in Q2 FY26, down 13.8% YoY)
  • Other Income: ₹54.36 lakhs (compared to ₹148.53 lakhs in Q2 FY26)
  • Total Revenue: ₹1,470.22 lakhs
  • Profit Before Tax: ₹106.74 lakhs (compared to ₹436.70 lakhs in Q2 FY26, down 75.6% YoY)
  • Tax Expense: ₹35.63 lakhs
  • Net Profit: ₹71.11 lakhs (compared to ₹293.75 lakhs in Q2 FY26, down 75.8% YoY)
  • Basic and Diluted EPS: ₹0.46

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹2,697.83 lakhs (compared to ₹4,736.13 lakhs in H1 FY26, down 43.0% YoY)
  • Other Income: ₹55.88 lakhs
  • Total Revenue: ₹2,753.71 lakhs
  • Profit Before Tax: ₹208.55 lakhs (compared to ₹660.94 lakhs in H1 FY26, down 68.4% YoY)
  • Tax Expense: ₹69.55 lakhs
  • Net Profit: ₹139.00 lakhs (compared to ₹475.02 lakhs in H1 FY26, down 70.7% YoY)
  • Basic and Diluted EPS: ₹0.90

Expense Breakdown (Quarter Ended September 30, 2026)

  • Operating Costs: ₹921.90 lakhs
  • Employee benefits expense: ₹200.10 lakhs
  • Finance Costs: ₹91.59 lakhs
  • Depreciation & Amortization expense: ₹48.68 lakhs
  • Other expenses: ₹101.22 lakhs
  • Total Expenses: ₹1,363.48 lakhs

Joint Operations Details

The financial results include three joint operations:

1. MEPIDL-MCL-JV: For construction of roads, contributed revenue of ₹1,651.67 lakhs and profit before tax of ₹474.47 lakhs for H1 FY27 (without intercompany elimination)

2. Aquatech-MEPL-JV (Khopoli): For "Khopoli Underground Sewerage Scheme", contributed revenue of ₹118.71 lakhs and profit before tax of ₹4.66 lakhs for H1 FY27 (without intercompany elimination)

3. Aquatech-MEPL Nashik JV: For "Design, Construction, Supply, Erection, Testing and Commissioning of 11.5 MLD STP, 29.5 MLD TTP & allied works", contributed revenue of ₹247.75 lakhs and profit before tax of ₹114.30 lakhs for H1 FY27 (without intercompany elimination)

The joint ventures collectively represent total assets of ₹1,257.78 lakhs, total revenue of ₹239.33 lakhs and ₹366.46 lakhs, and total net profit after tax of ₹130.55 lakhs and ₹117.78 lakhs for the respective periods.

Management Change

The Chief Financial Officer of the Company resigned on September 30, 2026. As per Regulation 26A(2) of SEBI Listing Regulations, the casual vacancy needs to be filled within 3 months from the date of vacancy. The company is taking necessary steps to fill this position.

Balance Sheet Highlights (as at September 30, 2026)

  • Total Assets: ₹16,182.36 lakhs (compared to ₹17,206.20 lakhs as at March 31, 2026)
  • Equity Share Capital: ₹1,545.00 lakhs (unchanged)
  • Other Equity: ₹4,999.76 lakhs (increased from ₹4,902.14 lakhs)
  • Total Equity: ₹6,544.76 lakhs
  • Non-current Borrowings: ₹1,213.18 lakhs
  • Current Borrowings: ₹2,396.57 lakhs
  • Cash and cash equivalents: ₹71.52 lakhs (decreased from ₹278.37 lakhs)

Cash Flow Highlights (Half Year Ended September 30, 2026)

  • Net cashflow from operating activities: (₹94.56) lakhs
  • Net cashflow from investing activities: (₹228.23) lakhs
  • Net cashflow from financing activities: ₹115.94 lakhs
  • Net decrease in cash and cash equivalents: (₹206.85) lakhs

Additional Information

The results are available on the company's website (www.mep.ltd) and on BSE website (www.bseindia.com). Previous period figures have been regrouped/reclassified/rearranged/recast wherever necessary.