Construction & Engineering company SEPC announced Q1FY27 results Consolidated Financial Highlights: Total Income from Operations (Net) for Q1FY27 stood at Rs 28,247.96 lakh, representing a YoY growth of 38.61% compared to Rs 20,379.45 lakh in Q1FY26, and a marginal QoQ decline of 2.24% from Rs 28,895.26 lakh in Q4FY26. Profit before tax (after Exceptional items) was Rs 1,316.90 lakh in Q1FY27, declining by 11.43% QoQ from Rs 1,486.86 lakh and 30.86% YoY from Rs 1,904.72 lakh. Net Loss for the period for Q1FY27 was Rs 1,105.09 lakh, a swing from a profit of Rs 1,373.34 lakh in Q4FY26 and a profit of Rs 1,654.72 lakh in Q1FY26. This loss was primarily due to a deferred tax charge of Rs 2,421.99 lakh during the quarter. Total Comprehensive Loss for Q1FY27 reached Rs 970.27 lakh, compared to a Total Comprehensive Income of Rs 1,592.16 lakh in Q4FY26 and Rs 1,607.91 lakh in Q1FY26. Earnings Per Share (EPS) (Basic & Diluted) for Q1FY27 was negative Rs 0.06, as against Rs 0.07 in Q4FY26 and Rs 0.11 in Q1FY26. Standalone Financial Highlights: Total Income from Operations for Q1FY27 was Rs 12,752.36 lakh, marking a significant YoY growth of 58.30% from Rs 8,055.90 lakh, but a QoQ decrease of 24.45% from Rs 16,879.54 lakh in Q4FY26. Profit before tax stood at Rs 605.39 lakh in Q1FY27, showing a decline of 29.83% QoQ from Rs 862.81 lakh and a YoY decrease of 35.32% from Rs 935.99 lakh. Net Loss for the period was Rs 1,816.60 lakh for Q1FY27, compared to a profit of Rs 749.29 lakh in Q4FY26 and a profit of Rs 685.99 lakh in Q1FY26. Total Comprehensive Loss for the quarter was Rs 1,734.85 lakh, versus an income of Rs 770.17 lakh in Q4FY26 and Rs 635.23 lakh in Q1FY26. Earnings Per Share (EPS) was negative Rs 0.09 for Q1FY27. Business Highlights: Segment Performance: The Company’s Chief Operating Decision maker (CODM) reviews business operations as a single segment, namely Engineering, Procurement and Construction (EPC). Major operations are conducted within India, with no revenue or non-current operating assets located outside the country. Proposed Acquisition: The Board of Directors approved the acquisition of 90% of the equity share capital of Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap. Shareholder approval was obtained on August 5, 2026, and approvals from lenders and stock exchanges are currently in process. Resolution and Funding: The company is implementing a resolution plan involving equity infusion by the investor and completion of a Rights Issue. The investor is providing additional funding for working capital to meet future financial obligations through order execution and sanctioned non-fund-based facilities. DTA Write-off: As a matter of prudence, the company charged off Deferred Tax Assets (DTA) of Rs 2,421.99 lakh due to expire by the end of the current financial year. This is a non-cash accounting adjustment and does not impact cash flows or liquidity. Rights Issue Allotment: During FY26, the company allotted 35,00,00,000 equity shares of Rs 10 each on a rights basis. In Q1FY27, the conversion of 2,49,62,789 partly paid-up shares into fully paid-up shares was approved. Contract Assets and Receivables: Non-Current Contract Assets include overdue balances of Rs 9,037.98 lakh, and Non-Current Trade Receivables include overdue balances of Rs 5,742.57 lakh (both net of provisions). These pertain to projects stalled due to regulatory delays and disputes. Venkataramani Jaiganesh, Managing Director, SEPC, said: “Q1FY27 marked a strong start to the year, with revenue growing 40% year-on-year, reflecting continued execution across our diversified order book. While margins remained under pressure in select international projects during the quarter, our focus remains on disciplined execution, cost optimisation and improving project-level profitability as these projects progress. Our order book continues to provide a strong foundation for growth, with a healthy mix across water, mining, industrial EPC, power, construction, roads and oil & gas. The recent wins from SAIL, including the 4.2 MTPA Pellet Plant BOP project, further strengthen our position in the metals and mining segment and add to the momentum in our domestic business. As we move through FY27, our priorities remain focused on strengthening execution, improving project margins and converting our growing pipeline of opportunities into sustainable business growth. We remain confident in our ability to build on the current order momentum while maintaining a disciplined approach to project selection and execution.” Result PDF