Shankara Buildpro profit rises 57% as revenue gains 43%

Shankara Buildpro Limited reported consolidated profit after tax of Rs 46.19 crore for the quarter ended September 30, 2026, up 57% from Rs 29.39 crore a year earlier, as revenue from operations rose 43% to Rs 2,280.38 crore. Profit before tax increased 59% to Rs 62 crore.

How did Shankara Buildpro perform in the September 2026 quarter?

Shankara Buildpro increased both revenue and profit in the quarter ended September 30, 2026. Revenue from operations rose by Rs 685.36 crore from Rs 1,595.02 crore in the September 2025 quarter, while total income increased to Rs 2,280.16 crore from Rs 1,595.47 crore. Other income was negative Rs 22 lakh in the latest quarter, compared with positive Rs 45 lakh a year earlier.

Profit after tax increased by Rs 16.80 crore to Rs 46.19 crore, while profit before tax rose by Rs 23.05 crore to Rs 62 crore. Total tax expense was Rs 15.81 crore, compared with Rs 9.56 crore in the year-earlier quarter. Basic and diluted earnings per share, which were not annualised, increased to Rs 3.81 from Rs 2.42.

What changed from the June 2026 quarter?

Shankara Buildpro’s September-quarter revenue was 21% above Rs 1,889.79 crore in the quarter ended June 30, 2026, and profit after tax was 29% above Rs 35.78 crore. Profit before tax increased from Rs 47.89 crore in June to Rs 62 crore in September. The September quarter was therefore ahead of both the preceding quarter and the year-earlier quarter on these reported measures.

Purchases of stock-in-trade rose to Rs 2,233.40 crore from Rs 1,824.96 crore in June and Rs 1,506.32 crore a year earlier. The inventory-change line was negative Rs 68.80 crore, following negative Rs 31.12 crore in June and positive Rs 5.67 crore in September 2025. Employee-benefit expense was Rs 15.23 crore, against Rs 13.18 crore in June.

Finance costs rose to Rs 11.89 crore from Rs 10.32 crore in the June quarter and Rs 9.61 crore a year earlier. Depreciation and amortisation were Rs 3.46 crore, compared with Rs 2.01 crore in September 2025, while other expenses increased to Rs 22.98 crore from Rs 17.88 crore. Total expenses reached Rs 2,218.16 crore, compared with Rs 1,842.37 crore in June.

What do Shankara Buildpro’s half-year results show?

Shankara Buildpro reported revenue from operations of Rs 4,170.17 crore for the half year ended September 30, 2026, up 32% from Rs 3,163.16 crore in the corresponding 2025 period. Profit after tax rose 33% to Rs 81.97 crore from Rs 61.46 crore, and profit before tax increased to Rs 109.89 crore from Rs 80.72 crore.

Half-year tax expense was Rs 27.92 crore, compared with Rs 19.26 crore a year earlier. Basic and diluted earnings per share were Rs 6.76, against Rs 5.07 in the corresponding prior-year period; Shankara Buildpro said these figures were not annualised. Profit attributable to owners of the parent was Rs 81.66 crore, while non-controlling interest accounted for Rs 31 lakh.

For comparison, revenue from operations was Rs 6,825.71 crore and profit after tax was Rs 127.96 crore in the year ended March 31, 2026. The September 2026 half-year revenue equalled about 61% of that full-year revenue, while half-year profit equalled about 64% of the full-year figure. Those comparisons are calculations from reported periods, not a forecast.

How did cash flow and working capital move by September 2026?

Shankara Buildpro generated net cash flow from operating activities of Rs 30 crore in the half year ended September 30, 2026, compared with net cash used of Rs 19.84 crore in the corresponding 2025 period. Cash flow from operations before tax was Rs 55.79 crore, after operating profit before working-capital changes of Rs 140.06 crore and income taxes paid of Rs 25.79 crore.

The cash-flow statement recorded increases of Rs 101.59 crore in inventories, Rs 111.67 crore in trade receivables and Rs 44.98 crore in other current assets. These movements were partly offset by a Rs 179.70 crore increase in trade payables. Inventories stood at Rs 582.56 crore and trade receivables at Rs 1,053.79 crore on September 30, 2026, compared with Rs 480.97 crore and Rs 942.48 crore at March 31, 2026.

Investing activities used Rs 7.09 crore, including Rs 7.97 crore spent on property, plant and equipment, capital work-in-progress and capital advances. Financing activities used Rs 16.83 crore, including Rs 21.92 crore of interest paid and Rs 12.02 crore of dividends paid, partly offset by Rs 17.11 crore from current borrowings. Cash and cash equivalents rose to Rs 68.91 crore from Rs 62.83 crore at the start of the year.

What does Shankara Buildpro’s balance sheet show?

Shankara Buildpro’s total assets were Rs 1,870.36 crore at September 30, 2026, compared with Rs 1,605.20 crore at March 31, 2026. Total equity increased to Rs 615.68 crore from Rs 545.87 crore, including Rs 590.89 crore of other equity. Paid-up equity share capital remained Rs 24.25 crore, with a face value of Rs 2 per share.

Current borrowings rose to Rs 77.92 crore from Rs 60.81 crore at the preceding year-end. Trade payables owed to creditors other than micro and small enterprises increased to Rs 1,117.77 crore from Rs 948.27 crore, while dues to micro and small enterprises rose to Rs 14.82 crore from Rs 4.61 crore. Total current liabilities were Rs 1,254.66 crore, compared with Rs 1,059.31 crore.

Conclusion

Shankara Buildpro reported faster growth in quarterly profit than in revenue for the September 2026 quarter, with profit after tax rising 57% to Rs 46.19 crore and revenue rising 43% to Rs 2,280.38 crore. The six-month results also showed higher revenue and profit, while operating cash flow turned positive at Rs 30 crore from an outflow of Rs 19.84 crore a year earlier.

What to watch in later filings is the movement in working-capital balances that rose during the half year. Trade receivables increased by Rs 111.31 crore to Rs 1,053.79 crore, inventories increased by Rs 101.59 crore to Rs 582.56 crore, and current borrowings increased by Rs 17.11 crore to Rs 77.92 crore between March 31 and September 30, 2026.