Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half-Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Audit Opinion:

The Statutory Auditors, Brahmayya & Co, issued an unmodified review report for both the standalone and consolidated financial results. The report is not an audit opinion but a limited review.

Auditor’s Comment:

The auditors noted that the consolidated unaudited financial results include financial information from several subsidiaries, joint ventures, and associates that have not been reviewed by their auditors. Their conclusion is based solely on the interim financial information certified by the Management of the company. The Management has stated that these unreviewed figures are not material to the Group.

Key Financial Highlights [Unit: ₹ Crores]

Standalone Results:

Quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹1,452.38 (Q2 FY26: ₹1,105.35; +31.4% YoY)
  • Total Income: ₹1,494.39
  • Net Profit: ₹117.90 (Q2 FY26: ₹64.36; +83.2% YoY)
  • EPS: ₹37.29 (Q2 FY26: ₹20.36)

Half-Year ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹2,600.09 (H1 FY26: ₹2,010.62; +29.3% YoY)
  • Total Income: ₹2,673.27
  • Net Profit: ₹213.54 (H1 FY26: ₹114.14; +87.1% YoY)
  • EPS: ₹67.55 (H1 FY26: ₹36.11)

Consolidated Results:

Quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹1,609.34 (Q2 FY26: ₹1,237.87; +30.0% YoY)
  • Total Income: ₹1,617.34
  • Net Profit: ₹87.75 (Q2 FY26: ₹78.11; +12.3% YoY)
  • Net Profit Attributable to Equity Shareholders of the Parent: ₹83.84
  • EPS: ₹26.52 (Q2 FY26: ₹23.70)

Half-Year ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹3,233.01 (H1 FY26: ₹2,531.29; +27.7% YoY)
  • Total Income: ₹3,249.69
  • Net Profit: ₹177.07 (H1 FY26: ₹158.63; +11.6% YoY)
  • Net Profit Attributable to Equity Shareholders of the Parent: ₹163.61
  • EPS: ₹51.75 (H1 FY26: ₹40.31)

Statement of Assets and Liabilities as of September 30, 2026 [Unit: ₹ Crores]

Standalone:

  • Total Assets: ₹5,681.98 (Mar 31, 2026: ₹5,077.08)
  • Cash and Cash Equivalents: ₹45.37
  • Other Bank Balances: ₹290.55
  • Total Equity: ₹2,601.25 (Mar 31, 2026: ₹2,394.97)
  • Short-term Borrowings: ₹871.53 (Mar 31, 2026: ₹403.13)
  • Long-term Borrowings: ₹98.18 (Mar 31, 2026: ₹77.38)

Consolidated:

  • Total Assets: ₹6,242.73 (Mar 31, 2026: ₹5,589.36)
  • Cash and Cash Equivalents: ₹101.40
  • Other Bank Balances: ₹320.40
  • Total Equity: ₹2,718.43 (Mar 31, 2026: ₹2,589.05)
  • Non-Controlling Interest: ₹43.12 (Mar 31, 2026: ₹70.66)
  • Short-term Borrowings: ₹1,021.50 (Mar 31, 2026: ₹543.05)
  • Long-term Borrowings: ₹154.98 (Mar 31, 2026: ₹108.25)

Cash Flow Statement for H1 FY27 [Unit: ₹ Crores]

Standalone:

  • Net Cash Used in Operating Activities: (₹58.10)
  • Net Cash Used in Investing Activities: (₹368.54)
  • Net Cash from Financing Activities: ₹438.29
  • Net Increase in Cash and Cash Equivalents: ₹11.65

Consolidated:

  • Net Cash Used in Operating Activities: (₹2.85)
  • Net Cash Used in Investing Activities: (₹422.13)
  • Net Cash from Financing Activities: ₹419.67
  • Net Decrease in Cash and Cash Equivalents: (₹5.31)

Segment-wise Performance:

The company predominantly operates only in construction and maintenance activities. There are no reportable segments under Indian Accounting Standard (Ind AS) 108.

Corporate Actions:

Not Specified

Other Significant Information:

Notes to Accounts:

1. Other Income in the Standalone financial statements includes a share of profit received from an LLP, classified as a subsidiary, amounting to ₹30.15 crores for the quarter and ₹48.57 crores for the half-year ended September 30, 2026.

2. The consolidated entity includes numerous subsidiaries, joint ventures, and associates, as listed in the auditors' report.

3. Figures for previous periods have been regrouped and reclassified wherever necessary to conform to the current period's classification.