Pranav Constructions Q2 FY27 Results: Consolidated Net Profit ₹16.55 Crore on Total Income of ₹175 Crore

Summary

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 faster than income. Net profit rose 53.9% year on year while total income rose 7.4%, and profit before tax rose 55.2%. Tax expense rose 60.1% to ₹4.88 crore, which is 22.8% of profit before tax, against ₹3.05 crore in the year-earlier quarter.

Other income is small. Finance costs of ₹8.61 crore are 4.9% of total income, up 9.0% on the year-earlier quarter but down 15.5% from the June quarter.

The filing names the Initial Public Offer completed in the period, with a fresh issue of 2,54,51,612 equity shares aggregating ₹315.6 crore and an offer for sale of ₹35.43 crore at ₹124 a share. Consolidated paid-up equity capital stood at ₹112.62 crore at quarter end.

The consolidated review report says two subsidiaries were not reviewed by their auditors. Their total assets were ₹0.32 million and their net loss after tax for the half year was ₹0.09 million, which the auditor says are not material to the group.

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 figures are almost the same as consolidated. Total income is ₹174.93 crore and net profit ₹16.56 crore, ₹0.01 crore above consolidated net profit. Net profit rose 53.9% year on year and 15.2% quarter on quarter, the same rates as on a consolidated basis.

The standalone profit before tax of ₹21.44 crore is 55.3% above the year-earlier quarter, and tax expense of ₹4.88 crore is 60.2% higher. The filing gives no separate standalone explanation for these changes.

The statutory auditor, MSKA and Associates LLP, expressed an unmodified conclusion on the limited review of the standalone results, and the company reports no default on loans.

The company operates in a single reportable segment, real estate development, with operations confined to India. The company reports unutilised IPO net proceeds of ₹167.74 crore at 30 Sep 2026 on a net basis, out of ₹279.79 crore of net proceeds, with ₹112.06 crore already used.

Inference

The filing confirms the IPO and the listing on 15 Sep 2026, and the consolidated paid-up equity capital of ₹112.62 crore. The filing states no dividend declaration. It does not say how the unutilised IPO proceeds of ₹167.74 crore will be used or when, and it does not give the reason for the rise in current tax or in other current assets.

Reference: Original filing (PDF)