Consolidated Q2 FY27 revenue up 30%, profit after tax up 36%; review qualified

Qualified audit opinionRevenue growth above 20%Profit growth above 25%EBITDA margin compressionResults restatedRelated-party transactionsResults View source PDF Explain this filing

EFCIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.3%Reaction day

₹173.50

prior close

₹170.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-4.6% vs market

Diversified Commercial Services peers, median of 76sector+0.8%-5.1% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 5.1 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.6

15m

-0.5

30m

-4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3+0.3-4.6+0.8-5.1

Next day

-4.9+2.4-7.3+2.3-7.2

-5.1+3.6-8.7+2.3-7.5

-5.2pendingpending+3.4-8.6

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

For the consolidated quarter ended September 30, 2026, revenue from operations was Rs 332.02 crore versus Rs 254.59 crore a year earlier; profit after tax was Rs 77.26 crore versus Rs 56.71 crore. Its earnings margin before interest, depreciation and tax fell from 43.5% to 40.3%. Auditors qualified the review over Rs 76.38 crore of unbilled revenue and Rs 18.95 crore of aged receivables. Comparatives were restated for the Whitehills merger.

Likely market impact

Strong growth supports the stock, but auditor qualification over unbilled revenue and aged receivables could lead to lower reported profit.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹332.0 Cr	₹254.6 Cr	+30.4%
Operating profit	₹100.1 Cr	₹73.32 Cr	+36.6%
Profit after tax	₹77.26 Cr	₹56.71 Cr	+36.2%
EBITDA margin	40.3%	43.5%	−3.2 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.