Akash Infra-Projects LimitedQ1 FY27 Results & Financial Update

Akash Infra-Projects Limited: Q1 FY27 consolidated results and company financials – revenue ₹39.27 Cr, PAT ₹0.19 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: AKASHPublished 18 Oct 2026Updated 18 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹39.27 CrReported Q1 FY27
Profit after tax₹0.19 CrReported Q1 FY27
EPS₹0.11Reported Q1 FY27

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Quarterly Results AnalysisExplore Akash Infra-Projects Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Akash Infra-Projects Limited reported consolidated total income of INR 39.27 crore for the quarter ended June 30, 2026, alongside a consolidated net profit (PAT) of INR 0.1912 crore and basic earnings per share of INR 0.11.

02

The construction segment remained the primary revenue driver, contributing INR 30.67 crore to segment revenues, while the fuel and grocery division delivered INR 8.66 crore during the period under review.

03

Material cost pressures surfaced prominently during the quarter, with cost of materials consumed rising sharply to INR 34.04 crore, reflecting higher input prices for raw materials used in road construction projects.

04

Changes in inventories of stock-in-trade and work-in-progress showed a negative adjustment of INR 2.59 crore, driven by a substantial increase in closing work-in-progress resulting from the execution of a high volume of new and ongoing work orders.

05

Employee benefit expenses rose to INR 1.57 crore as the company deployed additional workforce to support accelerated project activities alongside salary increments provided to existing personnel.

06

Statutory auditors highlighted that trade receivables outstanding for more than 180 days reached INR 144.21 crore, with management noting that these overdue balances pertain to matters currently under litigation before courts of law.

07

Finance costs for the consolidated entity stood at INR 0.94 crore, benefiting from specific accounting treatments on unsecured loan liabilities, while statutory tax expenses for the quarter were recorded at INR 0.17 crore.

01 · Business model

What does Akash Infra-Projects do?

Akash Infra-Projects Limited operates primarily in the infrastructure and construction sector, specialising in the building of reliable roads, highways, and civil construction projects. The company executes various engineering and construction assignments, particularly in Gujarat and surrounding regions.

Beyond core construction activities, the group has diversified operations spanning fuel retailing and grocery distribution. This segment operates retail outlets and commercial distribution channels that contribute complementary revenue streams alongside heavy infrastructure works.

The consolidated corporate structure includes subsidiary entities such as Akash Infra Inc. and Akash International LLC, alongside associate companies including Akash Petroleum Private Limited and Akash Residency & Hospitality Private Limited, providing a multi-vertical operating footprint.

02 · Historical context

What shaped the business before this quarter

Auditor transition

Following the resignation of previous statutory auditors M/s. RRS & Associates in September 2025 citing internal commercial and professional considerations, M/s. Arpan & Associates LLP was appointed as the statutory auditor for a five-year term starting from the AGM held on September 30, 2025.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹39.27 Cr
Total income₹39.27 Cr
Profit before tax₹1.57 Cr
Profit after tax₹0.19 Cr
EPS₹0.11

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Construction division output

The construction segment generated gross revenue of INR 30.67 crore for Q1 FY27, reflecting active execution across ongoing infrastructure mandates.

Fuel and grocery segment

The fuel and grocery retail division added INR 8.66 crore in top-line revenue during the quarter.

Other operating income

Other income contributed INR 0.1356 crore to the consolidated total income for the period.

What drove margins

Raw material inflation

The cost of materials consumed increased significantly compared to prior periods due to rising input prices across road construction raw materials.

Work-in-progress valuation impact

Closing work-in-progress expanded substantially due to heavy execution activity, while certain indirect site overheads and employee costs remained unallocated and factored into inventory valuations.

Workforce expansion costs

Employee benefit expenses increased as the company engaged additional personnel for project execution alongside periodic employee increments.

Finance cost dynamics

Consolidated finance expenses of INR 0.94 crore reflected ongoing debt servicing, influenced by the non-recognition of accrued interest on certain unsecured loans.

05 · Demand, customers & order book

Where demand is coming from

Order execution volume

The company executed a significant volume of new and ongoing work orders during the quarter, directly expanding work-in-progress inventories.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Construction segment performance

Generated INR 30.67 crore in segment revenue with a profit before interest and tax (PBIT) of INR 13.93 crore prior to unallocated corporate expenses.

Fuel and grocery segment performance

Contributed INR 8.66 crore in revenue but recorded a segment loss before interest and tax of INR 0.23 crore for the quarter.

Geography and market mix

International subsidiary operations

Subsidiary Akash International LLC reported quarterly revenue of INR 8.655 crore with a net loss of INR 0.2674 crore, while Akash Infra Inc. reported minor negative revenues and expenses.

07 · Reported developments

What changed operationally

Unmodified review opinion

Statutory auditors issued an unmodified conclusion on both the standalone and consolidated financial results for Q1 FY27.

08 · Pressure points & risks

What is not going smoothly

Aged receivables concentration

A substantial portion of receivables exceeding 180 days amounting to INR 144.21 crore remains locked in legal disputes.

09 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Legacy debtors under litigation

Trade receivables outstanding for more than 180 days stood at INR 144.21 crore, which management stated are currently subject to ongoing legal litigation.

Accounts scrutiny

The company initiated formal scrutiny and rectification processes for old debtor and creditor accounts in line with internal audit recommendations.

Capital allocation & funding

Unsecured loan interest accounting

Statutory review reports noted a reduction in recognized finance costs arising from the non-recognition of accrued interest on specific unsecured loans.

10 · Key Q&A

The quarter, answered directly

What does Akash Infra-Projects do?

Akash Infra-Projects Limited operates primarily in the infrastructure and construction sector, specialising in the building of reliable roads, highways, and civil construction projects. The company executes various engineering and construction assignments, particularly in Gujarat and surrounding regions.

What is the clearest takeaway from Q1 FY27?

Akash Infra-Projects Limited reported consolidated total income of INR 39.27 crore for the quarter ended June 30, 2026, alongside a consolidated net profit (PAT) of INR 0.1912 crore and basic earnings per share of INR 0.11.

What drove revenue or demand?

The construction segment generated gross revenue of INR 30.67 crore for Q1 FY27, reflecting active execution across ongoing infrastructure mandates.

What mattered most for margins or profitability?

The cost of materials consumed increased significantly compared to prior periods due to rising input prices across road construction raw materials.

What are the main pressure points disclosed for the quarter?

A substantial portion of receivables exceeding 180 days amounting to INR 144.21 crore remains locked in legal disputes.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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