Pranav Constructions Q2 FY27 results: net profit ₹16.55 crore

How did Pranav Constructions perform in Q2 FY27?

Pranav Constructions reported consolidated revenue of ₹174.46 crore for Q2 FY27, compared with ₹164.54 crore in Q1 FY27, an increase of ₹9.92 crore or 6.0%. Total income was ₹174.94 crore, up ₹9.98 crore or 6.0% from ₹164.96 crore. EBITDA rose 4.3% to ₹30.57 crore, but the EBITDA margin was 17.5%, compared with 17.8% in Q1 FY27.

Profit before tax increased 15.5% to ₹21.43 crore from ₹18.55 crore, while net profit rose 15.1% to ₹16.55 crore from ₹14.38 crore. Basic EPS increased to ₹1.81 from ₹1.65. Finance costs fell to ₹8.60 crore from ₹10.19 crore, although total expenses rose 4.8% to ₹153.50 crore. On a standalone basis, revenue was ₹174.46 crore and net profit was ₹16.56 crore.

What do the balance sheet and cash flow show?

H1 FY27 operating cash flow was ₹13.31 crore, investing cash flow was ₹0.32 crore and financing cash flow was ₹158.66 crore. The filings also reported capital expenditure of ₹0.38 crore. A comparable year-ago cash-flow figure was not provided in the filing excerpts.

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 statement of assets and liabilities, cash-flow statement and limited review report from the statutory auditors. The Audit Committee reviewed and recommended the results before board approval.

The same-day filings did not announce a dividend, fund raise or appointment. They also stated that there was no default on loans or debt securities, and that the statement on deviation or variation for proceeds of a public issue, rights issue, preferential issue, qualified institutions placement or other issue was not applicable.

What did Pranav Constructions' management say?

Management said the company planned 4 redevelopment launches between October 2026 and March 2027, with 2,43,968 sq. ft. of developable area, 80,996 sq. ft. of sale carpet area and GDV of INR 2,813 Mn. It also planned 14 launches in FY28 and FY29, with 17,20,769 sq. ft. of developable area, 4,84,026 sq. ft. of sale carpet area and GDV of INR 19,787 Mn.

Management said it intended to deepen penetration in other MCGM regions and obtain green-building certification for upcoming redevelopment projects. The investor presentation identified 41 active bids as of 30 September 2026, with total upcoming launches of 18 projects and GDV of INR 22,600 Mn through FY29.

Management said H1 collections were INR 1,592 Mn, up 13% year on year, while H1 pre-sales were INR 1,987 Mn, about 1.4% above H1 FY26. The presentation also stated that finance costs rose 20.5% to INR 188 Mn in H1 FY27 despite reduced borrowings, and that launch timelines and GDV estimates remained subject to regulatory approvals and prevailing prices. No analysts' questions were provided.

How did Pranav Constructions shares react?

The results filing appeared after market hours. From the price when the filing appeared, the stock fell 1.7% after 5 minutes, 1.1% after 15 minutes and 2.0% after 30 minutes. On the reaction day, it closed 4.6% below its previous close.

By the next day's close, the stock was 6.9% below its pre-results close. By the fifth session's close, it was 0.1% above that close. The Nifty Microcap 250 was unchanged on the reaction day, rose 1.3% by the next day's close and fell 0.6% by the fifth session. No industry median comparison or earlier results-day reactions were provided.