Financial Performance Highlights
Q2 FY27 Financial Results (Quarter Ended September 30, 2026)
- Revenue from operations: ₹2,900.42 lakh (₹29.00 crore), increased 114.8% YoY from ₹1,350.24 lakh in Q2 FY26
- Total income: ₹3,356.27 lakh (₹33.56 crore), increased 130.3% YoY from ₹1,355.58 lakh in Q2 FY26
- Profit after tax: ₹367.79 lakh (₹3.68 crore), compared to loss of ₹5,914.31 lakh (₹59.14 crore) in Q1 FY27
- Sequential profitability turnaround: ₹62.82 crore improvement from Q1 FY27
- Finance costs: ₹313.06 lakh (₹3.13 crore), decreased 94.7% QoQ from ₹5,959.94 lakh in Q1 FY27 and decreased 98.0% YoY from ₹15,535.72 lakh in Q2 FY26
Significant Milestones Achieved
- First profitable quarter post-implementation of the Composite Scheme
- Composite Scheme completion date: October 31, 2026
- Net worth transition: Moved from negative to positive territory
- Legacy debt resolution: All charges on company's assets released and Promoters' guarantees discharged
Operational and Cash Flow Developments
- Cash collections: Over ₹4 crore recovered from old debtors during July-September 2026 quarter
- Balance sheet strengthening: Completion of financial restructuring provides greater financial flexibility
- Operational focus: Roads, highways, bridges, buildings and other civil infrastructure projects
Management Commentary
Company management stated that Q2 FY27 marks a significant milestone in the turnaround journey, demonstrating progress achieved through financial restructuring initiatives. Focus remains on improving operational efficiency, strengthening cash generation, and building a sustainable growth platform.
Forward Outlook
Company will continue to pursue operational efficiencies, disciplined financial management, stronger cash collections, and growth opportunities across the infrastructure sector, building on the momentum achieved during the quarter.