Fabtech Technologies Q2 FY27 results: net profit down 46.6% to ₹15.02 crore, revenue down 24.2%

How did Fabtech Technologies perform in Q2 FY27?

Fabtech Technologies’ consolidated Q2 FY27 revenue was ₹92.09 crore, down ₹29.39 crore or 24.2% from Q2 FY26, while total income fell ₹26.74 crore or 21.5% to ₹97.54 crore. EBITDA was ₹10.11 crore at an 11.0% margin, against ₹30.45 crore and 25.1% a year earlier, with margin lower by 14.1 percentage points.

The company reported a net profit of ₹15.02 crore and basic EPS of ₹3.38, down from ₹28.11 crore and ₹8.68 in Q2 FY26. PBT was ₹21.63 crore, down ₹9.25 crore or 30.0%, and tax was ₹6.70 crore against ₹3.15 crore. Against Q1 FY27, revenue rose ₹17.11 crore or 22.8%, EBITDA rose ₹5.86 crore to ₹10.11 crore, and net profit rose ₹10.81 crore or 256.8%. The standalone basis recorded revenue of ₹56.24 crore and profit of ₹13.40 crore.

What changed in Fabtech Technologies' costs and profit?

Total expenses were ₹84.26 crore in Q2 FY27, down ₹9.14 crore or 9.8% from ₹93.40 crore in Q2 FY26. Employee cost rose ₹2.22 crore or 24.6% to ₹11.25 crore and other expenses rose ₹0.19 crore or 0.7% to ₹26.81 crore, while finance costs fell ₹0.04 crore to ₹1.03 crore and depreciation fell ₹0.05 crore to ₹1.26 crore.

Other income increased ₹2.65 crore or 94.6% to ₹5.45 crore, and the quarter included an exceptional gain of ₹8.35 crore, compared with no exceptional item in Q2 FY26. Tax increased ₹3.55 crore or 112.7% to ₹6.70 crore. The filing does not state a reason for the exceptional gain or the change in other income.

How did the first half of FY27 go?

In H1 FY27, Fabtech Technologies reported revenue of ₹167.07 crore, down ₹22.42 crore or 11.8% from ₹189.49 crore in H1 FY26. Total income was ₹175.69 crore, down ₹17.54 crore or 9.1%, while PBT rose ₹2.24 crore or 9.1% to ₹26.89 crore.

PAT for the first half was ₹19.24 crore, down ₹2.74 crore or 12.5% from ₹21.98 crore in H1 FY26. Basic EPS fell to ₹4.33 from ₹6.79, a decline of ₹2.46 or 36.2%.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹685.76 crore, against ₹653.70 crore at 31 March 2026, while total equity rose to ₹439.08 crore from ₹419.77 crore. Borrowings fell to ₹31.29 crore from ₹42.73 crore and cash increased to ₹169.97 crore from ₹86.88 crore.

Inventories declined to ₹18.48 crore from ₹21.34 crore, while trade receivables increased to ₹226.10 crore from ₹204.34 crore and trade payables fell to ₹83.65 crore from ₹105.37 crore. In H1 FY27, operating cash flow was an outflow of ₹41.14 crore, against an inflow of ₹44.89 crore in H1 FY26; investing cash flow was ₹117.65 crore against ₹12.33 crore, financing cash flow was ₹6.58 crore against an outflow of ₹44.11 crore, and capital expenditure was ₹0.22 crore against ₹2.35 crore.

How has Fabtech Technologies done over the last 6 quarters?

Fabtech Technologies’ results have fluctuated across the last six quarters. Revenue peaked at ₹158.52 crore in Q4 FY26 and was lowest at ₹62.76 crore in Q3 FY26, before rising to ₹74.98 crore in Q1 FY27 and ₹92.09 crore in Q2 FY27. The latest quarter therefore extended the sequential rise from Q1 FY27.

Profit after tax was highest at ₹28.11 crore in Q2 FY26 and bottomed at a loss of ₹6.13 crore in Q1 FY26. EBITDA margin also peaked at 25.1% in Q2 FY26, fell to a negative 18.3% in Q3 FY26, and recovered to 5.7% in Q1 FY27 and 11.0% in Q2 FY27.

Which businesses drove the quarter?

UAE revenue was ₹9.05 crore, down 80.8% from ₹47.18 crore in Q2 FY26. Saudi Arabia recorded revenue of ₹29.09 crore, down 7.9% from ₹31.57 crore, while Rest of the World revenue was ₹37.08 crore, down 25.8% from ₹49.99 crore.

India revenue rose 76.6% to ₹15.09 crore from ₹8.54 crore and Kenya revenue rose 66.8% to ₹4.55 crore from ₹2.73 crore. Morocco reported revenue of ₹5.12 crore; no year-ago comparison was available. Reported EBIT was ₹0 crore for each segment.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, along with the statutory auditors’ limited review reports, on 28 October 2026. The same filing did not report a dividend or fund raise.

The board also approved Alan Dias, Vice President-HR, as Senior Management Personnel with immediate effect, based on the recommendation of the Nomination and Remuneration Committee.

What did Fabtech Technologies' management say?

Management maintained FY27 guidance for 25%-30% revenue growth and an 8%-9% adjusted PAT margin at year-end. It expects revenue and margins to improve in H2 FY27 as project milestones move into execution, with approximately INR800-850 crore of order additions or pipeline conversions over the next 12 months.

Management said more than INR700 crore of orders was commercially cleared for detailed execution and expects a European acquisition to close within six months or by Q1 FY28. It said PEB and civil-work contributions could begin in H2 FY27 or H1 FY28, subject to geopolitical conditions and business incubation. The earnings call also identified slower collections, higher freight and raw-material costs, site-security costs and project-execution timing as risks.

How did Fabtech Technologies shares react?

After the filing appeared after market hours, the stock was down 1.7% after 5 minutes, 2.5% after 15 minutes and 0.8% after 30 minutes. From the pre-results close of ₹126.00, it closed the first session that could trade on the news down 3.2%; by the next day’s close, it was down 0.5% from that pre-results close.

The Medical Equipment & Supplies industry median moved up 0.6% on the reaction day, leaving Fabtech Technologies 3.8 percentage points behind the sector median. The Nifty Microcap 250 rose 0.7% on the reaction day and fell 1.9% by the next day’s close, when Fabtech was 0.5% below its pre-results close.

Earlier results-day reactions were mixed: the stock fell 3.0% on 24 July 2026, rose 6.1% on 27 April 2026, fell 5.9% on 2 February 2026 and rose 9.7% on 27 October 2025.