Vishnusurya Projects and Infra LimitedQ1 FY27 Results & Financial Update
Vishnusurya Projects and Infra Limited: Q1 FY27 consolidated results and company financials – revenue ₹61.87 Cr, PAT ₹5.92 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Vishnusurya Projects and Infra price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Vishnusurya Projects and Infra 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
Vishnusurya Projects and Infra Limited reported consolidated revenue from operations of ₹61.87 crore for the first quarter ended June 30, 2026, marking a 25% year-on-year expansion compared to ₹49 crore in the corresponding quarter of the previous fiscal year, driven by new high-value order wins and their subsequent execution.
Profit After Tax (PAT) for Q1 FY27 reached ₹5.92 crore (reported as ₹6 crore in the earnings release summary), representing a 103% year-on-year increase from ₹3 crore reported in Q1 FY26, which management noted was depressed by a higher tax outgo arising from specific tax adjustments in the prior-year period.
EBITDA (excluding other income) stood at ₹10 crore for the quarter, reflecting an 8% year-on-year decline from ₹11 crore in Q1 FY26, accompanied by an EBITDA margin of 15.8% compared to 21.4% in the year-ago period.
Management attributed the margin moderation and flat absolute EBITDA performance primarily to the Hosur production facility becoming fully operational during the quarter while its capacity utilization was still ramping up, leaving it temporarily short of its full potential contribution.
Operational momentum was partially constrained during the quarter by temporary deferments in certain project awards and fund allocations due to external factors, alongside minor procurement timeline disruptions stemming from ongoing geopolitical developments affecting supply chains.
The company mitigated supply-chain pressures through its diversified supplier base and established vendor relationships, ensuring operational continuity with limited overall impact on project execution schedules.
Total expenses for the quarter amounted to approximately ₹52 crore (exclusive of tax and finance costs), while finance costs moderated to ₹1.06 crore from ₹2 crore in Q1 FY26, reflecting disciplined capital and debt management.
Basic earnings per share (EPS) for Q1 FY27 stood at ₹2.28 (reported as ₹2.14 in investor tables based on weighted variations), up from ₹1.11 in the corresponding period of the previous year.
01 · Business model
What does Vishnusurya Projects and Infra do?
Vishnusurya Projects and Infra Limited is a Chennai-headquartered Indian infrastructure and construction company engaged in Engineering, Procurement, and Construction (EPC) projects, manufacturing of construction aggregates and manufactured sand (M-Sand), solid waste management, and leasing of commercial space.
The company's aggregate and M-Sand division operates three owned quarries located in Aruppukottai, Vandavasi, and Hosur across Tamil Nadu, mining charnockite rock to produce blue metal and M-Sand through crushing and sand washing plants, contributing a high-margin cash-generating segment to the business.
The EPC division executes infrastructure projects across five key sectors—water infrastructure, marine and maritime works, roads and bridges, housing and buildings, and rail infrastructure—serving government bodies, autonomous institutions, and private clients primarily within Tamil Nadu.
Specialized capabilities include large-scale water projects such as desalination plants, transmission pipelines, and sewage systems under public-private partnerships and Hybrid Annuity Models (HAM), alongside urban waste management and bio-mining operations.
02 · Historical context
What shaped the business before this quarter
Established in 1996, the company built a 29-year operating track record in infrastructure development and construction materials, initially focusing on EPC entry in Tamil Nadu.
Expanded into construction aggregates and manufactured sand with the setup of the Aruppukottai unit in 2015, followed by the Vandavasi unit in 2022 and the Hosur unit.
Transitioned to a public listed entity via an initial public offering on the NSE Emerge platform in 2023, strengthening its capital base for larger infrastructure bids.
Expanded into environmental engineering and urban waste management in 2025, securing bio-mining and legacy waste processing contracts such as the Tambaram and SAIL Bokaro projects.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹61.87 Cr |
| Total income | ₹62.18 Cr |
| Profit before tax | ₹7.47 Cr |
| Profit after tax | ₹5.92 Cr |
| EPS | ₹2.28 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations grew 25% year-on-year to ₹61.87 crore, propelled by the steady execution of high-value project wins secured across the water infrastructure and EPC divisions.
The aggregates and M-Sand division contributed to revenue through production across three quarries, registering blue metal production of 4,63,318 metric tonnes and M-Sand production of 1,02,555 metric tonnes during Q1 FY27.
Revenue growth was driven by execution on high-value orders across water infrastructure and construction aggregates, where M-Sand demand benefited from ongoing substitution away from river sand.
What drove margins
EBITDA margin softened to 15.8% in Q1 FY27 from 21.4% in Q1 FY26 as the newly operational Hosur facility ran below full capacity utilization during its initial stabilization phase.
PAT margin improved to 9.56% (reported as 8.9% in summary tables) compared to 5.5% in Q1 FY26, largely assisted by a lower tax outgo relative to the previous year's tax adjustments.
Finance costs declined to ₹1.06 crore in Q1 FY27 from ₹2 crore in Q1 FY26, supporting bottom-line expansion despite flat operating earnings.
EBITDA margin stood at 15.81% for Q1 FY27, moderating from 21.4% in Q1 FY26 as the newly operational Hosur facility continued to ramp up utilization toward its full capacity potential.
PAT margin improved to 9.56% from 5.50% in the year-ago quarter, supported by normalization in tax expenses following adjustments recorded in Q1 FY26.
05 · Demand, customers & order book
Where demand is coming from
The company closed Q1 FY27 with a total order book of ₹358.03 crore, dominated by water infrastructure projects accounting for 89.55% of the backlog.
Order book breakdown includes Water Infrastructure projects at 89.55%, Waste Management at 4.86%, Civil Infra Projects at 3.82%, Railways Infra Projects at 1.23%, and Storm Water Drains at 0.55%.
Active bid pipeline stood at ₹263.93 crore as of June 30, 2026.
Total order book stood at ₹358.03 crore as of June 30, 2026, heavily weighted toward water infrastructure projects at 89.55%, alongside waste management (4.86%), civil infrastructure (3.82%), railway infrastructure (1.23%), and storm water drains (0.55%).
The active bid pipeline stood at ₹263.93 crore as of June 30, 2026, representing prospective municipal and industrial opportunities.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Water infrastructure projects constitute the core of the business and the largest order book share, encompassing participation in TWAD, SIPCOT industrial water supply, Jal Jeevan Mission, and AMRUT 2.0 schemes.
High-margin aggregates and M-Sand operations across Aruppukottai, Vandavasi, and Hosur quarries maintain a combined crusher capacity of approximately 3.7 million metric tonnes per year, targeted to reach ₹160 crore+ in revenue for FY27.
Environmental engineering division focusing on bio-mining, legacy waste processing, and industrial waste handling, targeting revenue growth from ₹5 crore toward ₹30 crore+.
Water infrastructure and construction aggregates continue to form the core of the business, anchored by owned quarries in Aruppukottai, Vandavasi, and Hosur, alongside large water pipeline and desalination execution mandates.
Geography and market mix
Operations remain predominantly concentrated in Tamil Nadu, supported by owned production facilities in Virudhunagar, Tiruvannamalai, and Krishnagiri districts, alongside execution of state-level government and municipal contracts.
Operations remain centered in Tamil Nadu, serving municipal and industrial hubs including SIPCOT estates across districts such as Virudhunagar, Tiruvannamalai, and Krishnagiri.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Three operational units comprise Aruppukottai (110 acres; crusher capacity 9,80,000 MT/yr; M-Sand capacity 2,60,000 MT/yr), Vandavasi (42 acres; crusher capacity 13,75,000 MT/yr; M-Sand capacity 3,93,000 MT/yr), and Hosur (79 acres; crusher capacity 13,25,000 MT/yr; M-Sand capacity 3,60,000 MT/yr).
Total production during the quarter across all units reached 4,63,318 metric tonnes of blue metal aggregates and 1,02,555 metric tonnes of M-Sand.
The company operates three quarry units in Tamil Nadu: Aruppukottai (110 acres), Vandavasi (42 acres), and Hosur (79 acres), with combined aggregate crusher capacity of approximately 3.7 million metric tonnes per year.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Leveraging strategic partnerships with entities such as JWIL Infra and IDE Technologies (Israel) to execute large-scale consortium projects, including the ₹2,217 crore Tuticorin desalination plant where the company holds a ₹220 crore share (10% stake).
Targeting aggressive expansion in bio-mining and industrial waste management across multiple states, building on wins such as the ₹23.6 crore SAIL Bokaro benzol recovery project.
Strategic focus centers on scaling up water infrastructure EPC through consortium partnerships such as JWIL and IDE Technologies, targeting large desalination and municipal water projects.
09 · Reported developments
What changed operationally
Delivered 25% year-on-year growth in operating revenue to ₹61.87 crore in Q1 FY27, backed by new order execution.
PAT more than doubled year-on-year to ₹5.92 crore, benefiting from normalized tax outflows.
Delivered 25% year-on-year growth in quarterly revenue from operations, supported by active project execution.
Net profit increased significantly year-on-year, aided by lower tax outgo relative to the base quarter.
10 · Pressure points & risks
What is not going smoothly
Experienced temporary deferment of certain project awards and fund allocations due to external factors, slowing the near-term pace of order inflows and execution.
Witnessed supply chain disruptions from ongoing geopolitical developments that impacted procurement timelines, though managed through a diversified vendor base.
11 · Items worth noticing
The line items that can distort a quick read
PAT comparison was influenced by a higher tax outgo in the comparative Q1 FY26 period resulting from specific tax adjustments, which contributed to the 103% year-on-year surge in Q1 FY27 net profit.
12 · Management guidance & targets
What management is targeting from here
Management expressed confidence in achieving full-year FY27 objectives, anticipating that deferred project awards will translate into order inflows and that increasing capacity utilization across operations will support performance in coming quarters.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
Hosur Operational Status
The Hosur manufacturing facility became fully operational during Q1 FY27, though utilization levels remain in a ramp-up phase.
14 · Key Q&A
The quarter, answered directly
What does Vishnusurya Projects and Infra do?
Vishnusurya Projects and Infra Limited is a Chennai-headquartered Indian infrastructure and construction company engaged in Engineering, Procurement, and Construction (EPC) projects, manufacturing of construction aggregates and manufactured sand (M-Sand), solid waste management, and leasing of commercial space.
What is the clearest takeaway from Q1 FY27?
Vishnusurya Projects and Infra Limited reported consolidated revenue from operations of ₹61.87 crore for the first quarter ended June 30, 2026, marking a 25% year-on-year expansion compared to ₹49 crore in the corresponding quarter of the previous fiscal year, driven by new high-value order wins and their subsequent execution.
What drove revenue or demand?
Revenue from operations grew 25% year-on-year to ₹61.87 crore, propelled by the steady execution of high-value project wins secured across the water infrastructure and EPC divisions.
What mattered most for margins or profitability?
EBITDA margin softened to 15.8% in Q1 FY27 from 21.4% in Q1 FY26 as the newly operational Hosur facility ran below full capacity utilization during its initial stabilization phase.
What changed operationally beyond the headline numbers?
Three operational units comprise Aruppukottai (110 acres; crusher capacity 9,80,000 MT/yr; M-Sand capacity 2,60,000 MT/yr), Vandavasi (42 acres; crusher capacity 13,75,000 MT/yr; M-Sand capacity 3,93,000 MT/yr), and Hosur (79 acres; crusher capacity 13,25,000 MT/yr; M-Sand capacity 3,60,000 MT/yr).
What is management guiding or targeting from here?
Management expressed confidence in achieving full-year FY27 objectives, anticipating that deferred project awards will translate into order inflows and that increasing capacity utilization across operations will support performance in coming quarters.
15 · 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.
16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Order Inflows and Deferments: Monitor the conversion of deferred project awards and fund allocations into actual order inflows and execution momentum over subsequent quarters.
- 02
Hosur Facility Utilization: Track capacity utilization ramp-up at the newly operational Hosur aggregates and M-Sand facility and its impact on operating margins.
- 03
Order Book Conversion: Monitor the conversion of the ₹263.93 crore bid pipeline and the translation of deferred project awards into order inflows.
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.