SRM Contractors LimitedQ1 FY27 Results & Financial Update
SRM Contractors Limited: Q1 FY27 consolidated results and company financials – revenue ₹196.26 Cr, PAT ₹19.71 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.
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Quarterly Results AnalysisExplore SRM Contractors 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
During the quarter ended 30 June 2026 (Q1 FY27), SRM Contractors Limited reported consolidated revenue from operations of INR 196.26 crore, accompanied by other income of INR 0.92 crore, bringing total consolidated income to INR 197.19 crore.
Total consolidated expenses for the period stood at INR 172.91 crore, led by material consumption costs of INR 118.99 crore and direct project expenses of INR 20.73 crore.
The company delivered a consolidated profit before tax (PBT) of INR 24.27 crore for the quarter, reflecting robust project execution output across active civil engineering and construction sites.
Consolidated net profit after tax (PAT) for Q1 FY27 was recorded at INR 19.71 crore, after accounting for tax expenses consisting of INR 6.19 crore in current tax offset by a deferred tax credit of INR 1.63 crore, alongside a minor loss from joint ventures amounting to INR 0.07 crore.
Basic and diluted consolidated earnings per share (EPS) for the quarter stood at INR 8.59, based on the company's equity capital structure.
Statutory auditors Rohit KC Jain & Co. carried out a limited review of the standalone and consolidated financial results and issued an unmodified audit opinion.
In accordance with Indian Accounting Standard (Ind AS) 108, the company operates within a single primary business segment representing construction and infrastructure activities.
01 · Business model
What does SRM Contractors do?
SRM Contractors Limited is an engineering and construction company primarily engaged in infrastructure development, specializing in road, tunnel, slope stabilization, and allied civil construction works predominantly in difficult hilly terrains.
The company executes projects through direct contracts as well as through various subsidiary companies and joint venture arrangements, allowing it to scale operations across specialized civil engineering verticals.
Revenue generation is driven by project execution milestones and construction contract billings, supported by direct project expenses and material consumption relative to active site progress.
The operating model relies heavily on efficient deployment of construction materials, specialized equipment, direct field expenses, and managing subcontracting or joint venture partnerships for large-scale infrastructure projects.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹196.26 Cr |
| Total income | ₹197.19 Cr |
| Profit before tax | ₹24.27 Cr |
| Profit after tax | ₹19.71 Cr |
| EPS | ₹8.59 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.0% 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 12.4% 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 ₹0.92 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
Revenue from operations of INR 196.26 crore was driven by active execution of infrastructure projects, roads, and civil works during the quarter.
Other income contributed INR 0.92 crore to the total consolidated top line for Q1 FY27.
What drove margins
Cost of materials consumed formed the largest expense component at INR 118.99 crore, while direct project expenses amounted to INR 20.73 crore.
Employee benefit expenses stood at INR 13.82 crore, finance costs were INR 4.57 crore, depreciation and amortization expenses reached INR 10.29 crore, and other expenses totaled INR 4.51 crore.
04 · Strategy & new businesses
How the company is trying to change its growth mix
The consolidated financial results incorporate operations from multiple subsidiaries and joint ventures, including SP Mangal Murti Enterprises Private Limited, Loran Valley Power Projects Private Limited, Maccaferri Infrastructure Private Limited, ECI SRM Projects, SRM Rajinder Projects, Kapahi SRM Projects, SRM RSB Projects, and SAI SRM Projects.
05 · Reported developments
What changed operationally
The statutory auditors issued an unmodified review opinion on both the standalone and consolidated financial results for Q1 FY27.
06 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated finance costs for the quarter were recorded at INR 4.57 crore, supporting ongoing project financing and funding requirements.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Subsidiary Financial Contributions
The consolidated results include minor unreviewed/audited contributions from subsidiaries and joint ventures, such as total revenues of INR 34.47 lakh and net profit after tax of INR 1.18 lakh from specified entities.
08 · Key Q&A
The quarter, answered directly
What does SRM Contractors do?
SRM Contractors Limited is an engineering and construction company primarily engaged in infrastructure development, specializing in road, tunnel, slope stabilization, and allied civil construction works predominantly in difficult hilly terrains.
What is the clearest takeaway from Q1 FY27?
During the quarter ended 30 June 2026 (Q1 FY27), SRM Contractors Limited reported consolidated revenue from operations of INR 196.26 crore, accompanied by other income of INR 0.92 crore, bringing total consolidated income to INR 197.19 crore.
What drove revenue or demand?
Revenue from operations of INR 196.26 crore was driven by active execution of infrastructure projects, roads, and civil works during the quarter.
What mattered most for margins or profitability?
Cost of materials consumed formed the largest expense component at INR 118.99 crore, while direct project expenses amounted to INR 20.73 crore.
What changed operationally beyond the headline numbers?
The consolidated financial results incorporate operations from multiple subsidiaries and joint ventures, including SP Mangal Murti Enterprises Private Limited, Loran Valley Power Projects Private Limited, Maccaferri Infrastructure Private Limited, ECI SRM Projects, SRM Rajinder Projects, Kapahi SRM Projects, SRM RSB Projects, and SAI SRM Projects.
What should the next disclosure help confirm?
Monitor subsequent quarterly filings for progression in project execution revenue, cost trends, and subsidiary performance.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Disclosures: Monitor subsequent quarterly filings for progression in project execution revenue, cost trends, and subsidiary performance.
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