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Oval Projects Engineering Q2 FY27 results: net profit up 3.5% to ₹6.26 crore, revenue up 21.6%
Oval Projects Engineering Ltd reported consolidated Q2 FY27 revenue of ₹71.44 crore, up 21.6% from ₹58.77 crore in Q2 FY26, while EBITDA rose to ₹13.37 crore and net profit to ₹6.26 crore. EBITDA margin fell to 18.7% from 21.3%, and basic EPS declined to ₹3.01 from ₹3.81.
Key points
- Consolidated revenue was ₹71.44 crore in Q2 FY27, up 21.6% from ₹58.77 crore in Q2 FY26.
- EBITDA rose to ₹13.37 crore from ₹12.50 crore, while EBITDA margin declined to 18.7% from 21.3%.
- Net profit was ₹6.26 crore, up from ₹6.05 crore, and basic EPS fell to ₹3.01 from ₹3.81.
- Total expenses increased to ₹63.28 crore from ₹51.27 crore, with cost of materials up 40.5% to ₹48.79 crore.
- Total assets rose to ₹247.88 crore and borrowings to ₹86.60 crore as of 30 September 2026.
How did Oval Projects Engineering perform in Q2 FY27?
Oval Projects Engineering Ltd reported consolidated revenue of ₹71.44 crore in Q2 FY27, up 21.6% from ₹58.77 crore in Q2 FY26. EBITDA was ₹13.37 crore, up from ₹12.50 crore, while EBITDA margin fell to 18.7% from 21.3%. Profit before tax was ₹8.86 crore, compared with ₹8.78 crore a year earlier.
Net profit was ₹6.26 crore, compared with ₹6.05 crore in Q2 FY26, while basic EPS declined to ₹3.01 from ₹3.81. No previous-quarter consolidated figures were provided. On a standalone basis, revenue was ₹70.72 crore, up 14.9%, and profit was ₹6.25 crore, compared with profit before tax of ₹6.77 crore.
The results were announced on 4 November 2026. The filing states that the board approved the unaudited standalone and consolidated financial results and the related limited review report on 4 November 2026.
| ₹ crore | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
| Revenue from operations | 71.44 | 58.77 | +21.6% |
| Other income | 0.70 | 0.89 | −21.3% |
| Total expenses | 63.28 | 51.27 | +23.4% |
| EBITDA | 13.37 | 12.50 | +7.0% |
| EBITDA margin | 18.7% | 21.3% | −2.6 pp |
| Profit before tax | 8.86 | 8.78 | +0.9% |
| Tax | 2.60 | 2.73 | −4.8% |
| Net profit | 6.26 | 6.05 | +3.5% |
| EPS (₹) | 3.01 | 3.81 | −21.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Oval Projects Engineering's costs and profit?
Total expenses rose to ₹63.28 crore in Q2 FY27 from ₹51.27 crore in Q2 FY26, an increase of ₹12.01 crore. Cost of materials increased by ₹14.06 crore to ₹48.79 crore, employee cost by ₹2.03 crore to ₹4.31 crore, depreciation by ₹0.21 crore to ₹0.68 crore and other expenses by ₹5.42 crore to ₹13.31 crore.
Finance costs were ₹4.53 crore, down ₹0.01 crore from ₹4.54 crore, while other income fell by ₹0.19 crore to ₹0.70 crore from ₹0.89 crore. The Q2 FY27 results had no exceptional item, compared with a ₹0.39 crore gain in Q2 FY26.
Tax expense fell by ₹0.13 crore to ₹2.60 crore from ₹2.73 crore. Profit before tax increased by ₹0.08 crore to ₹8.86 crore, and net profit increased by ₹0.21 crore to ₹6.26 crore. The filing does not state reasons for the changes in cost lines or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 48.79 | 34.73 | +14.06 | +40.5% |
| Employee cost | 4.31 | 2.28 | +2.03 | +89.0% |
| Finance costs | 4.53 | 4.54 | −0.01 | −0.2% |
| Depreciation | 0.68 | 0.47 | +0.21 | +44.7% |
| Other expenses | 13.31 | 7.89 | +5.42 | +68.7% |
| Total expenses | 63.28 | 51.27 | +12.01 | +23.4% |
| Other income | 0.70 | 0.89 | −0.19 | −21.3% |
| Tax | 2.60 | 2.73 | −0.13 | −4.8% |
| Exceptional items | none | +0.39 (gain) |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹247.88 crore, compared with ₹217.09 crore as of 31 March 2026, while total equity was ₹116.43 crore against ₹110.11 crore. Borrowings rose to ₹86.60 crore from ₹74.71 crore, and cash was nil against ₹26.14 crore. Inventories were ₹63.66 crore, trade receivables ₹53.76 crore and trade payables ₹17.89 crore.
For H1 FY27, operating cash flow was negative ₹10.67 crore, compared with negative ₹10.87 crore in H1 FY26. Investing cash flow was ₹0.84 crore against negative ₹5.00 crore, financing cash flow was ₹13.28 crore against ₹43.29 crore, and capital expenditure was ₹2.65 crore against ₹4.14 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 247.88 | 217.09 |
| Total equity | 116.43 | 110.11 |
| Borrowings | 86.60 | 74.71 |
| Cash and equivalents | 0 | 26.14 |
| Inventories | 63.66 | 65.08 |
| Trade receivables | 53.76 | 37.16 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −10.67 | −10.87 |
| Cash from investing | 0.84 | −5 |
| Cash from financing | 13.28 | 43.29 |
| Capital expenditure | 2.65 | 4.14 |
Source: Company's results filing (XBRL).
How did other Civil Construction companies do?
Twenty-five other Civil Construction companies that have filed this quarter had a median revenue growth of 7.6%. Sixteen peers grew more slowly than Oval Projects Engineering, while nine grew faster than Oval Projects Engineering. Eighteen of the 25 peers reported higher profit.
| Oval Projects Engineering revenue growth (YoY) | +21.6% |
|---|---|
| Median of 25 other Civil Construction companies | +7.6% |
| Companies with slower revenue growth than Oval Projects Engineering | 16 of 25 |
| Companies with faster revenue growth than Oval Projects Engineering | 9 of 25 |
| Companies whose net profit rose | 18 of 25 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Oval Projects Engineering's revenue in Q2 FY27?
Revenue from operations was ₹71.44 crore, up 21.6% from ₹58.77 crore in Q2 FY26 (consolidated).
Did Oval Projects Engineering make a profit in Q2 FY27?
Yes. Net profit was ₹6.26 crore, against a net profit of ₹6.05 crore in Q2 FY26.
What was Oval Projects Engineering's EPS in Q2 FY27?
Basic earnings per share were ₹3.01, against ₹3.81 in Q2 FY26.
When did Oval Projects Engineering announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Declaration Of Unaudited Financial Results For The Half Year Ended On 30Th September 2026 And Further Raising Of Fund Through Issue Of Convertible Share Warrants On Preferential Basis. (BSE, 1 November 2026) · PDF
- Financial Results For The Half Year Ended On 30Th September ,2026 (BSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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