Cemindia Projects Q2 FY27 Results: Consolidated Net Profit ₹131 Crore on Total Income of ₹2,761 Crore
- Earnings
- Engineering and construction
Reviewed byRachit TripathiBlacklitt Research
Cemindia Projects (NSE: CEMPRO) reported consolidated total income of ₹2,760.91 crore and net profit of ₹130.59 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹2,694.31 crore and standalone net profit ₹127.57 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,760.91 crore, up 23.7% YoY and 1.1% QoQ
- Net profit and EPS: ₹130.59 crore, up 21.3% YoY; basic EPS ₹7.60
- Finance costs: ₹57.69 crore, up 8.0% YoY and 15.4% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,694.31 crore, up 20.7% YoY and 1.1% QoQ
- Net profit and EPS: ₹127.57 crore, up 18.5% YoY; basic EPS ₹7.43
- Finance costs: ₹57.69 crore, up 8.0% YoY and 15.4% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,760.91 | 2,231.53 | +23.7% | 2,731.35 | +1.1% | |
| Revenue from operations | 2,748.65 | 2,195.21 | +25.2% | 2,720.92 | +1.0% |
| Other income | 12.26 | 36.32 | -66.2% | 10.43 | +17.5% |
| 130.59 | 107.66 | +21.3% | 140.83 | -7.3% | |
| Profit before tax | 179.89 | 146.40 | +22.9% | 192.37 | -6.5% |
| Finance costs | 57.69 | 53.40 | +8.0% | 49.98 | +15.4% |
| Depreciation | 42.10 | 43.29 | -2.7% | 42.74 | -1.5% |
| Tax expense | 49.30 | 38.74 | +27.3% | 51.54 | -4.3% |
| Net profit margin | 4.73% | 4.82% | -0.09 pp | 5.16% | -0.43 pp |
| EPS, basic (₹) | 7.60 | 6.27 | +21.2% | 8.20 | -7.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew more slowly than income this quarter. Total income rose 23.7% YoY and profit before tax rose 22.9%, while net profit rose 21.3%, as tax expense went up 27.3% to ₹49.30 crore.
Other income fell to ₹12.26 crore from ₹36.32 crore a year earlier, so it is 0.4% of total income this quarter. Revenue from operations of ₹2,748.65 crore, up 25.2%, carries the growth.
Finance costs of ₹57.69 crore are 2.1% of total income, up from ₹53.40 crore a year earlier. The notes do not give a reason for the change.
Compared with the June quarter, net profit fell 7.3% while total income rose 1.1%. Profit before tax fell 6.5% and tax fell 4.3%.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,694.31 | 2,231.53 | +20.7% | 2,664.54 | +1.1% | |
| Revenue from operations | 2,582.65 | 2,195.21 | +17.6% | 2,554.13 | +1.1% |
| Other income | 11.66 | 36.32 | -67.9% | 10.41 | +12.0% |
| 127.57 | 107.66 | +18.5% | 137.55 | -7.3% | |
| Profit before tax | 175.77 | 146.40 | +20.1% | 187.98 | -6.5% |
| Finance costs | 57.69 | 53.40 | +8.0% | 49.98 | +15.4% |
| Depreciation | 42.10 | 43.29 | -2.7% | 42.74 | -1.5% |
| Tax expense | 48.20 | 38.74 | +24.4% | 50.43 | -4.4% |
| Net profit margin | 4.73% | 4.82% | -0.09 pp | 5.16% | -0.43 pp |
| EPS, basic (₹) | 7.43 | 5.27 | +41.0% | 8.01 | -7.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 20.7% YoY to ₹2,694.31 crore, and net profit rose 18.5% to ₹127.57 crore. Standalone revenue from operations rose 17.6%, and other income fell 67.9% to ₹11.66 crore.
The consolidated net profit of ₹130.59 crore is ₹3.02 crore above the standalone figure. The consolidated result includes Ceminfra Construction Limited and joint operations, and an associate loss of ₹0.26 crore.
Standalone basic EPS of ₹7.43 is up 41.0% from ₹5.27 in the year-ago quarter, against a 18.5% rise in net profit. The consolidated year-ago EPS in the same statement is ₹6.27, so the two comparatives differ.
Cemindia Projects reports an order book of ₹32,715 crore as on 30 Sep 2026, and secured about ₹3,485 crore of new orders in Q2 FY27, taking H1 FY27 inflow to about ₹12,005 crore, according to the press release.
The company had a consolidated net worth of ₹2,619 crore and net debt of ₹773 crore at 30 Sep 2026, a net debt-to-equity ratio of 0.30x. Paid-up equity capital rose from ₹17.18 crore to ₹18.44 crore after the QIP allotment.
Inference
The filing says the company completed a QIP of 1,26,35,379 equity shares at ₹1,108 each, aggregating ₹1,400 crore, and that net proceeds will be used for the objects in the placement document dated 19 Oct 2026. The press release lists capital expenditure, repayment of borrowings, working capital and general corporate purposes as possible uses. The amount for each use is not stated, and the filing does not give the dividend policy.
Filed with BSE on . Reference: Original filing (PDF)
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