Board approved unaudited Q2 and H1 FY27 results; noted resignation of CFO effective 30 October 2026
Approved unaudited results for the quarter and half-year ended 30 Sep 2026, with the auditors' Limited Review Report — unmodified conclusion.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5,679.72 | 3,323.64 | +70.9% | 7,752.31 | −26.7% |
| Total income | 5,868.78 | 3,750.86 | +56.5% | 8,528.25 | −31.2% |
| Profit before tax | 1,044.24 | 689.22 | +51.5% | 1,961.85 | −46.8% |
| Profit after tax | 783.24 | 535.12 | +46.4% | 1,537.85 | −49.1% |
| Total comprehensive income | 783.24 | 535.12 | +46.4% | 1,537.85 | −49.1% |
| Basic EPS | 13.58 | 9.28 | +46.3% | 26.66 | −49.1% |
- Total Income YoY Change
- +56.5%
- Period
- Quarter Ended 30.09.26
Also decided at the meeting
- Board noted the resignation of Mr. Vishal C. Begwani as Chief Financial Officer and KMP, effective from close of business hours on 30th October, 2026, to pursue another professional opportunity.
Auditor's review
Conclusion: Unmodified
Board meeting held on 13 October 2026: what was decided
- The board considered and approved the unaudited financial results of the company for the quarter and half-year ended 30 September 2026, along with the Limited Review Report of the statutory auditors and a press release on the performance.
- The board noted the resignation of Mr. Vishal C. Begwani as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP).
Auditors' review conclusion
The auditors, K C Mehta & Co LLP, carried out a review and not an audit, and do not express an audit opinion. Their conclusion is unmodified: nothing has come to their attention that causes them to believe the statement has not disclosed the information required, or that it contains any material misstatement.
The numbers (unaudited, company's own results, figures as printed in ₹ lakhs)
- Revenue from operations: 5,679.72
- Total income: 5,868.78
- Net profit for the period after tax: 783.24
The company states it has no subsidiary, associate or joint venture company as on 30 September 2026.
Press release highlights
- Revenue ₹57 crore, up +70.9% year-on-year for the quarter
- EBITDA ₹11 crore, with EBITDA margin at 18.8%
- Order book as on 30 September 2026: ₹133 crore
The Executive Director said the quarter reflected sustained momentum driven by execution of the order book and healthy inflows, that margins are in line with the company's targeted range, and that the open order pipeline supports the growth outlook across mining and infrastructure.
The CFO change
Mr. Vishal C. Begwani's resignation takes effect from the close of business hours on 30 October 2026. The stated reason is to pursue another professional opportunity outside the organisation. From the same date he will also cease to be the KMP authorised for determining materiality of events or information for disclosures to the stock exchanges, and will cease to be a member of the Risk Committee of the company. The company has received his confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter, and has placed on record its appreciation for his services during his tenure.
How to read this
- The results are unaudited but reviewed, and the review conclusion is unmodified; the board has approved them.
- Alongside the results, the announcement carries a change in a key managerial position, effective the close of business hours on 30 October 2026, with the company recording the reason given by the outgoing CFO.
- The company has stated that the resignation is on account of a professional opportunity outside the organisation and that no material reasons apply apart from those in the resignation letter.
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CFO and Key Managerial Personnel Vishal C. Begwani resigns, effective close of business 30th October 2026
13 Oct 2026
More numbers
- Revenue from operations, Q2 FY27 (unaudited)5,679.72 (₹ in lakhs)
- Total income, Q2 FY27 (unaudited)5,868.78 (₹ in lakhs)
- Net profit for the period after tax, Q2 FY27 (unaudited)783.24 (₹ in lakhs)
- Revenue, Q2 FY27 (press release)₹57 crore
- Revenue growth, Q2 FY27 year-on-year+70.9%
- EBITDA, Q2 FY27 (press release)₹11 crore
- EBITDA margin, Q2 FY2718.8%
- Order book as on September 30, 2026₹133 crore
- Total income, latest quarter5,868.78 (₹ in Lakhs)
- Total income, year-ago quarter3,750.86 (₹ in Lakhs)
- Total income, previous quarter8,528.25 (₹ in Lakhs)
- Total comprehensive income, latest quarter783.24 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter535.12 (₹ in Lakhs)
- Total comprehensive income, previous quarter1,537.85 (₹ in Lakhs)
- Profit after tax, latest quarter783.24 (₹ in Lakhs)
- Profit after tax, year-ago quarter535.12 (₹ in Lakhs)
- Profit after tax, previous quarter1,537.85 (₹ in Lakhs)
- Revenue from operations, latest quarter5,679.72 (₹ in Lakhs)
- Revenue from operations, year-ago quarter3,323.64 (₹ in Lakhs)
- Revenue from operations, previous quarter7,752.31 (₹ in Lakhs)
- Profit before tax, latest quarter1,044.24 (₹ in Lakhs)
- Profit before tax, year-ago quarter689.22 (₹ in Lakhs)
- Profit before tax, previous quarter1,961.85 (₹ in Lakhs)
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