MITCON Consultancy & Engineering Services LimitedQ1 FY27 Results & Financial Update

MITCON Consultancy & Engineering Services Limited: Q1 FY27 consolidated results and company financials – revenue ₹67.58 Cr, PAT ₹2.75 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: MITCONPublished 17 Oct 2026Updated 17 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹67.58 CrReported Q1 FY27
Profit after tax₹2.75 CrReported Q1 FY27
EPS₹1.56Reported Q1 FY27

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Quarterly Results AnalysisExplore MITCON Consultancy & Engineering Services 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

For the first quarter of fiscal year 2027 (Q1 FY27), MITCON Consultancy & Engineering Services Limited reported consolidated revenue from operations of INR 67.58 crore and a total income of INR 68.47 crore, reflecting broad operational engagement across its core verticals.

02

Consolidated profit before tax (before exceptional items and share of associate) stood at INR 3.82 crore for the quarter ended June 30, 2026. Total profit before tax after accounting for the share of profit or loss of associates came in at INR 3.75 crore.

03

The group posted a consolidated net profit after tax (PAT) of INR 2.75 crore for Q1 FY27. Out of this total profit, INR 2.73 crore was attributable to the owners of the company, while INR 0.0140 crore was attributed to non-controlling interests.

05

Segment-wise performance demonstrated that Project Services contributed INR 47.10 crore to revenue with a segment result (profit before tax and interest) of INR 2.27 crore, whereas Consultancy and Training brought in INR 15.97 crore with a segment result of INR 1.01 crore. Wind and Solar Power Generation added INR 4.52 crore in revenue with a segment result of INR 1.89 crore.

06

Total consolidated expenses for the period aggregated to INR 64.65 crore, driven primarily by operating costs of INR 53.76 crore, employee benefits expense of INR 10.36 crore, finance costs of INR 22.35 crore, depreciation and amortization of INR 25.38 crore, and other expenses of INR 47.37 crore, offset by a positive change in inventory of INR 8.99 crore.

07

Profit after tax was ₹2.75 Cr for the reported quarter. EPS was ₹1.56 for the reported quarter.

01 · Business model

What does MITCON Consultancy & Engineering Services do?

MITCON Consultancy & Engineering Services Limited operates as a diversified professional consultancy and engineering organization, offering specialized services across multiple business segments including advisory, engineering, project execution, and renewable energy generation.

The company's primary operational segments comprise Consultancy and Training, Project Services, and Wind/Solar Power Generation. Through its subsidiaries and associate entities, the group extends its reach into specialized engineering consulting, green chemistry, trusteeship services, and renewable assets.

MITCON derives its revenue from professional fees, advisory assignments, project service contracts, and power generation sales, catering to a diverse institutional and corporate clientele across various industrial and infrastructure sectors.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹67.58 Cr
Total income₹68.47 Cr
Profit before tax₹3.82 Cr
Profit after tax₹2.75 Cr
EPS₹1.56

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 4.1% 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.

Pre-tax earnings

Profit before tax was equivalent to 5.7% 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.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.88 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.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Project Services Segment

Project Services emerged as the largest revenue contributor during Q1 FY27, generating INR 47.09 crore in segment revenue and delivering a segment result of INR 2.26 crore.

Consultancy and Training

The consultancy and training division generated INR 15.97 crore in revenue during the quarter, contributing a segment result of INR 1.01 crore.

Wind and Solar Power Generation

Power generation from wind and solar assets brought in INR 4.52 crore in revenue, yielding a segment result of INR 1.89 crore, though management notes that this business is subject to seasonal variations.

What drove margins

Operating Expenses

Total expenses for the quarter stood at INR 64.65 crore against total income of INR 68.47 crore, resulting in a positive operating buffer before finance costs and tax.

Employee and Finance Costs

Employee benefit expenses accounted for INR 10.36 crore, while finance costs stood at INR 2.24 crore, reflecting ongoing capital and debt servicing overheads.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Consultancy and Training Segment Assets

Segment assets for Consultancy and Training stood at INR 136.77 crore with corresponding liabilities of INR 82.24 crore as of June 30, 2026.

Project Service Segment Assets

Project Service segment assets were recorded at INR 47.10 crore against segment liabilities of INR 32.05 crore.

Wind and Solar Power Generation Assets

Renewable power generation segment assets stood at INR 158.43 crore with segment liabilities of INR 51.22 crore.

05 · Strategy & new businesses

How the company is trying to change its growth mix

Incorporation of MITCON Power Trading Ltd

Wholly-owned subsidiary MITCON Sun Power Limited incorporated a wholly-owned subsidiary named MITCON Power Trading Ltd on June 19, 2026, with a paid-up capital of INR 1 lakh paid on July 17, 2026.

Subsidiary Formations in Trusteeship Services

Subsidiary company MITCON Credentia Trusteeship Services Ltd incorporated wholly-owned subsidiaries MITCON CREDENTIA REPOSITORY SERVICES LIMITED on June 19, 2026, and MITCON CREDENTIA CORPORATE SUPPORT SERVICES LIMITED on July 9, 2026.

Stake Sale in Subsidiary

Wholly-owned subsidiary MITCON Sun Power Ltd sold 26% of its stake in subsidiary MITCON Solar Alliance Ltd to YAXIS Structural Steels Pvt Ltd, leaving MITCON Sun Power's holding at 47.28% as approved by the board.

06 · Reported developments

What changed operationally

Profitable Operations

The company reported a consolidated net profit after tax of INR 2.75 crore for Q1 FY27, underpinned by strong revenue contributions from project services and consultancy.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

The standalone and consolidated financial results for Q1 FY27 were reviewed by statutory auditors J Singh & Associates with an unmodified conclusion.

08 · Key Q&A

The quarter, answered directly

What does MITCON Consultancy & Engineering Services do?

MITCON Consultancy & Engineering Services Limited operates as a diversified professional consultancy and engineering organization, offering specialized services across multiple business segments including advisory, engineering, project execution, and renewable energy generation.

What is the clearest takeaway from Q1 FY27?

For the first quarter of fiscal year 2027 (Q1 FY27), MITCON Consultancy & Engineering Services Limited reported consolidated revenue from operations of INR 67.58 crore and a total income of INR 68.47 crore, reflecting broad operational engagement across its core verticals.

What drove revenue or demand?

Project Services emerged as the largest revenue contributor during Q1 FY27, generating INR 47.09 crore in segment revenue and delivering a segment result of INR 2.26 crore.

What mattered most for margins or profitability?

Total expenses for the quarter stood at INR 64.65 crore against total income of INR 68.47 crore, resulting in a positive operating buffer before finance costs and tax.

What changed operationally beyond the headline numbers?

Wholly-owned subsidiary MITCON Sun Power Limited incorporated a wholly-owned subsidiary named MITCON Power Trading Ltd on June 19, 2026, with a paid-up capital of INR 1 lakh paid on July 17, 2026.

What should the next disclosure help confirm?

Monitor the operational scale-up and revenue generation of newly incorporated subsidiaries such as MITCON Power Trading Ltd and MITCON Credentia Repository Services Limited.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsidiary Operations: Monitor the operational scale-up and revenue generation of newly incorporated subsidiaries such as MITCON Power Trading Ltd and MITCON Credentia Repository Services Limited.

  2. 02

    Renewable Power Seasonality: Track the performance of the wind and solar power generation segment across upcoming quarters given its susceptibility to seasonal variations.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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