Results - Unaudited Financial results for Half year ended on 30.09.2025
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Telge Projects Limited reported standalone revenue of ₹950.46 lakhs for H1 FY26, up 56.9% from ₹605.87 lakhs in H1 FY25, driven by stronger execution of international structural detailing projects. Standalone net profit slipped to ₹105.75 lakhs from ₹117.85 lakhs, mainly because the prior-year period included a one-time ₹42.22 lakh gain on sale of property. On a consolidated basis (including US subsidiaries Telge Projects Inc, Midwest Detailing LLC and DraftCo Inc), revenue jumped 119% to ₹1,674.04 lakhs and net profit rose ~82% to ₹193.37 lakhs, with EBITDA at ₹303.34 lakhs versus ₹148.06 lakhs. The company recently completed its IPO on September 30, 2025, raising gross proceeds of ₹2,724.12 lakhs (net ₹2,429.41 lakhs) and was listed on the BSE SME platform on October 3, 2025. The board also appointed KPN & Associates as Secretarial Auditor for FY 2025-26. The statutory auditor R.M. Rajapurkar & Co. issued an unqualified limited review report.
The strong consolidated top-line and profit growth indicate improving scale post-IPO, though standalone EBITDA margin compressed (from ~24.6% to ~17.8%) due to sharply higher employee and overhead costs. Investors should track how IPO proceeds earmarked for office purchase, hiring, and US subsidiary expansion translate into sustained margin recovery.