EPack Prefab Technologies Q2 FY27 results: net profit up 0.4% to ₹29.58 crore, revenue up 15.5%

How did EPack Prefab Technologies perform in Q2 FY27?

EPack Prefab Technologies reported consolidated revenue of ₹501.13 crore for the quarter ended September 30, 2026, against ₹433.94 crore in Q2 FY26 and ₹365.84 crore in Q1 FY27. Total income was ₹504.68 crore, up 15.6% year on year and 36.5% quarter on quarter.

EBITDA was ₹50.57 crore, up 1.2% from ₹49.99 crore a year earlier and 46.6% from ₹34.50 crore in the previous quarter. The EBITDA margin was 10.1%, down 1.4 percentage points from 11.5% a year earlier but up 0.7 percentage points from 9.4% in Q1 FY27.

Profit before tax was ₹38.74 crore against ₹39.05 crore a year earlier, and the net profit was ₹29.58 crore against ₹29.47 crore in Q2 FY26 and ₹18.17 crore in Q1 FY27. Basic EPS was ₹2.94, down 14.5% from ₹3.44 a year earlier and up 62.4% from ₹1.81 in the previous quarter. On the standalone basis, revenue was ₹501.01 crore and profit was ₹29.51 crore.

What changed in EPack Prefab Technologies' costs and profit?

Total expenses were ₹465.94 crore, up 17.2% from ₹397.67 crore in Q2 FY26 and 34.9% from ₹345.42 crore in Q1 FY27. Cost of materials was the largest line at ₹335.54 crore, up 23.2% from ₹272.35 crore a year earlier and 17.9% from ₹284.62 crore in the previous quarter.

Employee cost was ₹45.41 crore, up 12.4% from ₹40.40 crore a year earlier. Finance costs were ₹8.73 crore against ₹8.06 crore, depreciation was ₹6.67 crore against ₹5.67 crore, and other expenses were ₹62.25 crore against ₹58.09 crore. There was no exceptional item in either period.

Other income was ₹3.56 crore, up 27.6% from ₹2.79 crore a year earlier and down 5.3% from ₹3.76 crore in Q1 FY27. Tax was ₹9.16 crore, down 4.4% from ₹9.58 crore a year earlier and up 52.7% from ₹6 crore in the previous quarter. The company said gross margins were compressed because steel price volatility and other input costs rose faster than they could be passed on in orders already being executed.

How did the first half of FY27 go?

In the first half of FY27, consolidated revenue was ₹866.96 crore, up 18.9% from ₹729.28 crore in H1 FY26, while total income was ₹874.28 crore against ₹734.57 crore. The company reported this in its investor presentation as H1 revenue of ₹8,670 Mn, up 18.9% year on year.

What do the balance sheet and cash flow show?

At September 30, 2026, total assets were ₹1,563.96 crore against ₹1,426.90 crore at March 31, 2026, and total equity was ₹783.38 crore against ₹734.53 crore. Borrowings were ₹137.53 crore against ₹108.07 crore, while cash was ₹27.04 crore against ₹66.74 crore.

Inventories rose to ₹362.34 crore from ₹265.75 crore, trade receivables to ₹452.87 crore from ₹308.75 crore, and trade payables to ₹463.53 crore from ₹397.81 crore. The company said working capital increased as it executed large renewable and industrial projects, and that collections were expected to be realised as per contractual milestones.

For H1 FY27, operating cash flow was negative ₹106.92 crore against positive ₹82.78 crore in H1 FY26, investing cash flow was ₹55.22 crore against ₹23.86 crore, and financing cash flow was ₹12.00 crore against ₹281.73 crore. Capital expenditure was ₹45.78 crore against ₹21.22 crore a year earlier.

How has EPack Prefab Technologies done over the last 6 quarters?

Revenue rose year on year in each of the last two quarters, as did profit. Over the six quarters to September 2026, revenue was highest at ₹501.13 crore in Q2 FY27 and lowest at ₹295.34 crore in Q1 FY26. Net profit was highest at ₹30.29 crore in Q4 FY26 and lowest at ₹16.03 crore in Q1 FY26.

The EBITDA margin bottomed at 9.4% in Q1 FY27 after 9.8% in Q4 FY26, and recovered to 10.1% in Q2 FY27. This remained below the 11.5% recorded in Q2 FY26 and the 11.5% in Q2 FY26 and 10.5% in Q1 FY26. Revenue and profit for Q2 FY27 of ₹501.13 crore and ₹29.58 crore were the highest quarterly figures in the series shown, though the margin was not.

Which businesses drove the quarter?

Contracts of Prefabricated Buildings & Building Material was the largest reported segment, with revenue of ₹460.02 crore and EBIT of ₹46.41 crore, giving an EBIT margin of 10.1%. The filing did not provide year-ago revenue or EBIT for this segment, so no growth figure is given.

EPS Beads reported revenue of ₹41.11 crore and EBIT of ₹0.96 crore, with an EBIT margin of 2.3%. The others segment reported no revenue and EBIT of ₹0.10 crore. No year-ago comparison for revenue, EBIT or growth was provided for any of the three segments.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of the statutory auditors, at its meeting on November 2, 2026. The meeting ran from 17:37 hrs to 18:52 hrs IST.

The same filing recorded the appointment of Khushboo Mishra as Company Secretary and Compliance Officer. The company filed an investor presentation on November 3, 2026 under Regulation 30 read with Schedule III of the SEBI Listing Regulations, which was also to be made available on the company website. No dividend or fund raise was reported in these filings.

What did EPack Prefab Technologies' management say?

Management maintained FY27 revenue guidance at ₹1,900 crore and the FY27 EBITDA margin at 10–10.5%, and reiterated an FY27 order-booking target of ₹2,000 crore. It expects Q3 margins above the H1 level and H2 revenue and margin to be better than H1 FY27. The Gujarat plant is expected to be commissioned in Q4 FY27.

On working capital, management expects normalisation toward a 40–45 day operating range in Q3 FY27, against almost 60 days in H1. The company said price revisions on new orders and long-term sourcing arrangements are being implemented, and expects gross margins to recover over the coming quarters with new orders priced to current input prices.

The risks management identified were rising steel and other input costs outpacing pass-through on existing contracts, working capital at almost 60 days, price-escalation clauses not yet standard across large customers, and customer civil-work delays that pushed a large order's handover to end-December. Sanjay Singhania said collections were the single biggest priority for the second half and that he would report working capital every quarter until it normalised.

How did EPack Prefab Technologies shares react?

The results were announced after market on November 2, 2026, from a pre-results close of ₹218.97. In the first half hour after the filing appeared, the stock moved 0.8% at five minutes, 1.3% at 15 minutes and 0.5% at 30 minutes. On the reaction day, the stock fell 8.5%.

Earlier results-day moves were negative in August 2026, when the stock fell 8.5%, and in May 2026, when it fell 7.4%. It fell 10.7% in January 2026 and rose 12.9% in October 2025. No five-day or one-month move was available.

How did other Industrial Products companies do?

Among the 56 Industrial Products companies compared for this quarter, the median revenue growth was 30.4%, above EPack Prefab Technologies' 15.5% revenue growth. Twenty peers grew slower than the company and 36 grew faster than it.

Of the 51 peers for which profit was compared, 38 reported higher profit. The peer data is as of November 6, 2026.