Inaugural Q1 FY27 results: PAT up 80.25% YoY, revenue up 13.35%; ₹311 crore EPC mandate at Una

Q1 FY27 (quarter ended 30 June 2026) — first results after listing.

Mon 5 Oct 2026

Revenue

Rs 1,286.21 Million, up 13.35% YoY, down (7.10)% QoQ

EBITDA

Rs 309.32 Million, up 60.08% YoY; margin 24.05%

PAT

Rs 183.42 Million, up 80.25% YoY; margin 14.26%

Steam sales growth

up 46.07% YoY

New EPC mandate

₹311 crore (incl. GST) EPC mandate for a 300 TPH community boiler at Una, Himachal Pradesh, with long-term O&M

Steamhouse India Ltd has shared a press release on its unaudited consolidated financial performance for the quarter ended 30 June 2026 (Q1 FY27), described in the release as its inaugural results following its public listing.

The headline numbers

• Revenue from operations: Rs 1,286.21 Million in Q1 FY27, up 13.35% year-on-year and down (7.10)% quarter-on-quarter (against Q4 FY26).
• EBITDA: Rs 309.32 Million, up 60.08% year-on-year, at an EBITDA margin of 24.05%.
• Profit after tax: Rs 183.42 Million, up 80.25% year-on-year, at a PAT margin of 14.26%.

Drivers given by the company

The release says the revenue growth was primarily driven by a 46.07% year-on-year increase in steam sales. EBITDA performance is attributed to optimal utilisation of waste-to-energy boilers and operating leverage from higher steam sales.

Business updates in the release

• The company says it has been awarded a ₹311 crore (inclusive of GST) EPC mandate for a 300 TPH community boiler facility at Bulk Drug Park, Una, Himachal Pradesh. The project also includes long-term operations and maintenance, which the release describes as creating an opportunity for recurring revenues.
• It says it is strengthening its green energy portfolio with a ground-mounted solar project at Ankleshwar.
• It has submitted an Expression of Interest for a proposed waste-to-steam project with Surat Municipal Corporation and continues to expand its nitrogen business through pipeline infrastructure.

What management says

The Chairman and Managing Director's comments describe the quarter as the strongest performance in the company's journey, delivered despite a challenging macroeconomic and geopolitical environment. On costs, the company says coal prices increased, and this was managed through a pass-through mechanism under which changes in coal costs are passed on to customers as per the terms of its Steam Supply Agreements, which it says provides stability to margins despite fluctuations in fuel prices.

How the release can be read

The numbers show profitability growing faster than revenue on a year-on-year basis, alongside a sequential dip in revenue. The Una mandate and the expansion plans mentioned are forward-looking in nature, and the release carries a safe harbour statement noting that such statements are based on estimates and are subject to risks and uncertainties.

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