Board approves Q2 and H1 FY27 results; Mr. Alan Dias appointed as Senior Management Personnel
Fabtech Technologies' board considered and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
- Consolidated revenue from operations (Q2)
- 9,208.76 lakhs, against 12,148.07 lakhs a year earlier
- Consolidated net profit (Q2)
- 1,502.48 lakhs, against 2,810.61 lakhs a year earlier
- Exceptional item in quarter
- 835.25 lakhs, profit on sale of second and final tranche of equity investment in TSA Process Equipments to Thermax
What the board approved
Fabtech Technologies Limited's board met on Wednesday, October 28, 2026, from 06:05 p.m. to 06:54 p.m. It considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, of Financial Year 2026-27, along with the Limited Review Reports of the statutory auditors, Ajmera & Ajmera, Chartered Accountants.
The auditors' review conclusion is that nothing came to their attention that causes them to believe the statement contains any material misstatement. A review gives moderate, not full audit, assurance.
Management change
- Based on the recommendation of the Nomination and Remuneration Committee, the board considered and approved the appointment of Mr. Alan Dias, Vice President - HR, as Senior Management Personnel of the Company with immediate effect.
How the consolidated numbers moved
All figures below are in INR lakhs, as printed, and compare the quarter and half year ended September 30, 2026 with the same periods a year earlier.
- Revenue from operations for the quarter: 9,208.76, against 12,148.07.
- Net profit for the quarter: 1,502.48, against 2,810.61.
- Revenue from operations for the half year: 16,707.17, against 18,948.75.
- Net profit for the half year: 1,923.51, against 2,198.02.
One-off gain in the quarter
The quarter's profit includes an exceptional item of 835.25, being the profit recognised on the sale of the second and final tranche of the Company's equity investment in TSA Process Equipments Private Limited to Thermax Limited. The Company had held a 33.33% equity investment in TSA; the first tranche of 17% was completed on April 18, 2024 and the second tranche of 16.33% was completed on September 30, 2026. The Company no longer holds any equity investment in TSA after the second tranche. It has described this gain as significant and non-recurring, and presented it separately.
In the prior year, an exceptional item of 177.49 represented the profit on sale of a 51% stake in FABL International Technologies LLP, after which the Company's ownership interest in the LLP reduced to 48.99%.
Other points from the notes
- The board approved an investment of additional funds in Fabtech Technologies LLC, a wholly owned subsidiary, by way of Overseas Direct Investment of up to Rs. 2,400 lakhs; the investment was completed on October 06, 2026. An additional investment of Rs. 249 lakhs in FT Institutions Private Limited, a wholly owned subsidiary, was completed on July 03, 2026.
- Fabtech Technologies LLC has entered into a shareholders' agreement for the proposed incorporation of a step-down subsidiary for specialised contracting activities in the Kingdom of Saudi Arabia, and has proposed incorporation of a step-down subsidiary in the Arab Republic of Egypt for a Turnkey Pharma project. Both are subject to the requisite regulatory approvals and completion of necessary formalities.
- On IPO proceeds, the unutilised amount as at the end of the quarter was 12,574.52, against objects of the issue totalling 23,029.65. The IPO was a fresh issue of 1,20,60,000 equity shares of face value of Rs. 10 each; 1,20,58,555 equity shares were allotted on October 03, 2025 at Rs. 191 per equity share, and the shares were listed on the National Stock Exchange and BSE on October 07, 2025.
What a reader should weigh
The results are unaudited and have only been reviewed, not audited. The reported profit figures include a large one-off gain on the TSA stake sale in the current quarter and a one-off gain on the FABL stake sale in the prior year, so the headline profit numbers of the two periods include items that the Company itself calls significant and non-recurring.
Also from Fabtech Technologies
Fabtech Technologies Q2 FY27: order book ~900 Cr, FY27 operational PAT margin objective 8-9%
28 Oct 2026
No deviation or variation in use of public issue proceeds for Q2 FY27
28 Oct 2026
Consolidated results for the quarter ended September 30, 2026
28 Oct 2026
More numbers
- Revenue from operations, quarter ended Sep 30, 2026 (Rs. in lakhs)9,208.76
- Revenue from operations, quarter ended Sep 30, 2025 (Rs. in lakhs)12,148.07
- Net profit for the quarter ended Sep 30, 2026 (Rs. in lakhs)1,502.48
- Net profit for the quarter ended Sep 30, 2025 (Rs. in lakhs)2,810.61
- Revenue from operations, half year ended Sep 30, 2026 (Rs. in lakhs)16,707.17
- Net profit for the half year ended Sep 30, 2026 (Rs. in lakhs)1,923.51
- Exceptional item: profit on sale of TSA stake (Rs. in lakhs)835.25
- Unutilised IPO proceeds as at quarter end (Rs. in lakhs)12,574.52
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