Gayatri Projects LimitedQ1 FY27 Results & Financial Update
Gayatri Projects Limited: Q1 FY27 consolidated results and company financials – revenue ₹228.77 Cr, PAT ₹37.12 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Gayatri Projects price & chart
Quarter overview
Quarterly earnings analysis
Gayatri Projects Limited reported consolidated revenue from operations of INR 228.77 crore for the quarter ended June 30, 2026.
Total consolidated income for Q1 FY27 reached INR 254.03 crore, supported by INR 25.26 crore in other income.
Profit before tax (PBT) stood at INR 36.77 crore, while profit after tax (PAT) for the quarter was reported at INR 37.11 crore after accounting for a share of profit from joint ventures and associates amounting to INR 0.34 crore.
Basic and diluted earnings per share (EPS) for the quarter were recorded at INR 2.36 on an unannualised basis.
During the quarter, the company successfully completed a preferential allotment of 277,100,315 equity shares of face value INR 2 each at an issue price of INR 10 per share, aggregating to INR 277.10 crore.
The board of directors approved the unaudited financial results for Q1 FY27 during their meeting held on August 12, 2026.
Profit after tax was ₹37.12 Cr for the reported quarter. EPS was ₹2.36 for the reported quarter.
01 · Business model
What does Gayatri Projects do?
Gayatri Projects Limited operates primarily in the infrastructure construction sector, undertaking large-scale civil engineering projects including roads, highways, irrigation, and industrial structures.
The company executes contracts both independently and through various joint ventures and consortium partnerships across India.
Its primary revenue streams are derived from core construction operations, contract execution work, and associated ancillary activities within the infrastructure space.
02 · Historical context
What shaped the business before this quarter
During the previous financial year, the company had recognized INR 154.55 crore as collateral security enforcement under the SARFAESI Act representing reserve prices of immovable properties assigned by a subcontractor; Punjab National Bank subsequently approved a one-time settlement requiring INR 135.06 crore.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹228.77 Cr |
| Total income | ₹254.03 Cr |
| Profit before tax | ₹36.77 Cr |
| Profit after tax | ₹37.12 Cr |
| EPS | ₹2.36 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 16.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 16.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹25.26 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations stood at INR 228.77 crore for Q1 FY27, reflecting ongoing civil construction and project execution activities.
Other income added INR 25.26 crore to total consolidated income of INR 254.03 crore for the quarter.
What drove margins
Cost of materials consumed and work expenditure totaled INR 134.05 crore, while changes in inventories of work-in-progress accounted for an inventory adjustment of INR 34.33 crore.
Employee benefits expense was reported at INR 10.73 crore, and other expenses stood at INR 9.47 crore for the quarter.
Finance costs were contained at INR 2.18 crore, while depreciation and amortisation expenses amounted to INR 4.66 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's operations primarily consist of construction activities, and there are no other reportable segments under Ind AS 108.
06 · Reported developments
What changed operationally
Successful completion of the preferential allotment of equity shares raising INR 277.10 crore strengthened the company's capital base during the quarter.
07 · Pressure points & risks
What is not going smoothly
Statutory auditors highlighted uncertainties regarding the realisability of INR 154.55 crore under SARFAESI collateral security enforcement, partial provisioning on associate company exposures, and delayed subcontractor recoveries.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Recovery of work and other advances amounting to INR 74.83 crore from a subcontractor remained delayed due to cash flow mismatches, prompting a cumulative expected credit loss provision of INR 47.70 crore.
Capital allocation & funding
Exceptional items for the quarter include INR 21.67 crore paid to lenders in respect of Category II arbitration claims pursuant to an approved one-time full and final debt settlement scheme.
Punjab National Bank approved a one-time settlement for secured term loans requiring the company to pay INR 135.06 crore within three months, with an NOC granted to sell mortgaged immovable properties to meet the obligation.
09 · Beyond the numbers
What changed beyond the numbers
Subsidiary and Joint Venture Scope
Consolidated financial results incorporate the accounts of subsidiary Gayatri Energy Ventures Private Limited and 22 joint venture entities, though financial statements for certain joint ventures were compiled on the basis of management-certified accounts.
10 · Key Q&A
The quarter, answered directly
What does Gayatri Projects do?
Gayatri Projects Limited operates primarily in the infrastructure construction sector, undertaking large-scale civil engineering projects including roads, highways, irrigation, and industrial structures.
What is the clearest takeaway from Q1 FY27?
Gayatri Projects Limited reported consolidated revenue from operations of INR 228.77 crore for the quarter ended June 30, 2026.
What drove revenue or demand?
Revenue from operations stood at INR 228.77 crore for Q1 FY27, reflecting ongoing civil construction and project execution activities.
What mattered most for margins or profitability?
Cost of materials consumed and work expenditure totaled INR 134.05 crore, while changes in inventories of work-in-progress accounted for an inventory adjustment of INR 34.33 crore.
What changed operationally beyond the headline numbers?
Consolidated financial results incorporate the accounts of subsidiary Gayatri Energy Ventures Private Limited and 22 joint venture entities, though financial statements for certain joint ventures were compiled on the basis of management-certified accounts.
What are the main pressure points disclosed for the quarter?
Statutory auditors highlighted uncertainties regarding the realisability of INR 154.55 crore under SARFAESI collateral security enforcement, partial provisioning on associate company exposures, and delayed subcontractor recoveries.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
SARFAESI Property Monetisation: Execution of the Punjab National Bank one-time settlement through the sale of mortgaged immovable properties within the stipulated three-month timeline.
- 02
Subcontractor Recovery Progress: Further recovery of delayed advances and receivables from subcontractors under active follow-up.
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