Investor Presentation for the Quarter and half year ended 30.09.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Expo Engineering reported Q2 FY26 revenue of Rs 15.00 crore, down 52.98% YoY from Rs 31.90 crore, though the company attributed the sharp drop to project execution phasing. Despite the revenue dip, profitability improved significantly: EBITDA grew 11.7% YoY to Rs 2.00 crore with margins expanding 772 basis points to 13.33%, and PAT rose 28.8% YoY to Rs 0.85 crore. For H1 FY26, revenue stood at Rs 32.85 crore (down 33.78% YoY) while PAT more than doubled to Rs 1.95 crore, with EBITDA margins improving to 12.09%. The company disclosed an order book of Rs 125.20 crore, and during the quarter secured new work orders from BPCL worth Rs 9.02 crore (Rs 5.61 cr + Rs 3.41 cr) for tank maintenance and construction. The company also issued 31.45 lakh convertible warrants on a preferential basis to promoters and non-promoters aggregating Rs 22.02 crore, with 25% subscription already received.
Margin expansion and PAT growth despite revenue decline suggest improved operational efficiency and cost discipline, which is positive for profitability. The Rs 125.20 crore order book provides revenue visibility, while the preferential warrant issue signals promoter confidence. The sharp revenue fall may concern investors about execution timelines, though management frames it as temporary project phasing.