This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Consolidated Q2 FY27 revenue up 45%, margins lower; EPC contract ended
GRINFRA · price
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Consolidated for the quarter ended 30 Sep 2026, revenue rose 45.1% to Rs 2,32,541.78 lakh from Rs 1,60,213.96 lakh a year earlier. Profit before tax and associate profit was Rs 32,743.62 lakh versus Rs 23,452.55 lakh, but EBITDA margin fell to 18.6% from 24.2%. Standalone half-year operating cash flow was negative Rs 38,450.85 lakh. A customer ended an EPC contract; Rs 9,086.30 lakh guarantees invoked, no loss booked.
Revenue and pre-tax profit rose, but margin compression, negative operating cash flow and the EPC dispute are concerns for the stock.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹2,325 Cr | ₹1,602 Cr | +45.1% |
| Operating profit | ₹344.6 Cr | ₹236.4 Cr | +45.8% |
| Profit after tax | ₹290.3 Cr | ₹189.6 Cr | +53.1% |
| EBITDA margin | 21.5% | 25.8% | −4.3 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.