Bondada Engineering Q4 FY26: Sales ₹852 Cr, PAT ₹52 Cr

Bondada Engineering Ltd (BEL), a Hyderabad-based solar EPC and infrastructure company, has reported another quarter of higher revenue and steady profitability in the March 2026 quarter. Company data for the quarter shows net sales rising from ₹666 crore in December 2025 to ₹852.13 crore in March 2026, while profit after tax (PAT) increased from ₹49.85 crore to ₹51.9 crore.

Separately, the company has also communicated strong consolidated performance for the first half of FY2025-26 ended September 30, 2025, including a large contribution from renewable energy. Investors are also watching the scheduled board meeting on April 27, 2026, where audited results for Q4 FY2025-26 and the year ended March 31, 2026 are on the agenda.

Q4 FY26 performance at a glance

March 2026 quarter data shows BEL’s net sales at ₹852.13 crore, up from ₹666 crore in the December 2025 quarter. Total expenditure also rose, from ₹587.78 crore to ₹774.49 crore, reflecting higher activity levels. Operating profit was broadly flat, moving from ₹78.22 crore to ₹77.64 crore even as sales increased.

Other income increased from ₹2.96 crore to ₹4.36 crore. Interest cost declined from ₹12.22 crore to ₹9.75 crore, which supported profitability. Profit before tax (PBT) rose to ₹70.97 crore from ₹67.83 crore. PAT increased to ₹51.9 crore from ₹49.85 crore, while adjusted EPS moved up from ₹4.47 to ₹4.65.

Key quarterly numbers: Dec 2025 vs Mar 2026

Another quarterly dataset shows higher March revenue

A separate quarterly statement dataset in the provided information shows different reported figures for the March 2026 quarter, including revenue of ₹916 crore, operating profit of ₹96 crore, and net profit of ₹63 crore. For December 2025, the same dataset lists revenue of ₹717 crore and net profit of ₹54 crore. These numbers are presented alongside operating profit margin percentages in the 11-12% range.

Because the datasets are presented in different formats, readers should treat them as separate published summaries and avoid mixing them without the company’s full audited financial statements. What is consistent across both sets is that revenue and profits are shown at materially higher levels than earlier periods.

How costs and financing played into Q4 profitability

The March 2026 quarter shows a sharp rise in total expenditure in absolute terms, broadly tracking the rise in net sales. Operating profit stayed almost flat at about ₹78 crore, indicating limited operating leverage in this specific quarter’s snapshot.

However, the interest line improved meaningfully, dropping from ₹12.22 crore to ₹9.75 crore. Even with slightly higher depreciation, the combination of higher revenue, higher other income, and lower interest helped lift PBT and PAT. No exceptional items were recorded in either quarter in the provided quarterly table.

FY2021 to FY2025: revenue scale-up is visible

BEL’s annual profit and loss summary (₹ crore) highlights a step-change in scale in recent years. Net sales were ₹287.1 crore in FY2021 and ₹330.84 crore in FY2023, before rising to ₹741.42 crore in FY2024 and ₹1,407.55 crore in FY2025. Over the same period, operating profit rose from ₹13.74 crore in FY2021 to ₹152.58 crore in FY2025.

Adjusted EPS also increased over the period, from ₹0.87 in FY2021 to ₹9.39 in FY2025, as per the annual table shared in the input. The FY2025 consolidated profit and loss snippet included in the data shows profit for the period at ₹103.13 crore, with total tax expenses of ₹35.95 crore.

H1 FY26: consolidated growth and segment mix

For the half year ended September 30, 2025, the company reported consolidated revenue of ₹1,216 crore and PAT of ₹92.56 crore. It also disclosed an EBITDA of ₹143.03 crore and said operating margins expanded to 11.8%.

Segment-wise, renewable energy contributed ₹955 crore, accounting for 78% of total revenue. Telecom contributed ₹170 crore (14%), while products contributed ₹91 crore (8%). The company also disclosed an order book of ₹5,989 crore for business visibility.

H1 FY26 comparison points disclosed by the company

The company’s release also compared H1 FY2025-26 with H2 FY2024-25. It reported H1 FY26 revenue of ₹1,216.67 crore versus ₹1,090.36 crore in H2 FY25, and PBT of ₹124.65 crore versus ₹103.22 crore. PAT was reported at ₹92.56 crore versus ₹76.38 crore, while basic EPS was ₹8.08 versus ₹6.79.

On a year-on-year basis, it reported revenue of ₹1,216.67 crore versus ₹480.60 crore in H1 FY25, alongside net profit of ₹89.75 crore versus ₹36.24 crore and basic EPS of ₹8.08 versus ₹3.36.

Full-year FY2025-26 headline numbers (lakhs converted to ₹ crore)

In another summary, BEL reported consolidated revenue of ₹2,842.81 crore for FY2025-26 (₹2,84,280.50 lakhs), up from ₹1,570.96 crore for FY2024-25 (₹1,57,095.68 lakhs). Consolidated net profit after tax was reported at ₹211.08 crore (₹21,107.91 lakhs), compared with ₹113.17 crore (₹11,317.13 lakhs) in the previous year.

These figures provide a broader context for the quarterly numbers, but investors typically look for the audited annual report and detailed schedules to assess sustainability, margins, working capital movement, and segment profitability.

Key facts table: H1 FY26 performance and mix

Market snapshot: share price, EPS and upcoming date

The provided information states BEL’s current share price at ₹342.5. It also notes an EPS (TTM) of 18.25 in a market data summary.

On the corporate calendar, a board meeting is scheduled for April 27, 2026 at the corporate office in Hyderabad, with approval of audited financial results (standalone and consolidated) for Q4 FY2025-26 and the year ended March 31, 2026 listed in the agenda. The same date is also referenced as the upcoming earnings date, following the last earnings date cited as January 27, 2026.

Why this set of updates matters

The March 2026 quarter numbers show revenue growth with stable reported profit, while the half-year disclosures indicate that renewable energy continues to be the dominant contributor to consolidated revenue. The order book figure of ₹5,989 crore is also a key operational data point cited by the company, as it signals near-term execution pipeline.

The April 27, 2026 board meeting matters because audited full-year results typically provide a more complete picture than snapshots, including notes on segment reporting, cash flows, related-party transactions, and working capital. For investors tracking BEL, the audited FY26 statements will be the next major checkpoint for reconciling multiple summary datasets circulating in the market.

Conclusion

Bondada Engineering’s reported March 2026 quarter shows net sales of ₹852.13 crore and PAT of ₹51.9 crore, alongside disclosures of strong consolidated H1 FY26 performance and a large renewable-energy-led revenue mix. The next confirmed event is the April 27, 2026 board meeting to consider audited Q4 and full-year FY26 results, which should provide the most standardized view of performance.