SRM Contractors Q1 FY27: Revenue +40%, Profit +55%

Key takeaway from the June 2026 quarter

SRM Contractors reported a strong start to FY27, posting sharp year-on-year growth for the quarter ended June 30, 2026. Revenue rose to ₹196 crore, compared with ₹140 crore in the same quarter last year. Consolidated net profit increased to ₹19.70 crore, up from ₹12.70 crore a year ago. The company’s update positions Q1 FY27 as a continuation of the momentum it reported through FY26. Investors tracking small and mid-cap EPC and infrastructure plays typically look for consistency across quarters because execution and working capital cycles can swing numbers sharply. In this case, the company highlighted both topline and bottomline expansion in the June quarter.

Q1 FY27 performance versus Q1 FY26

The company reported revenue growth of about 40% year-on-year in Q1 FY27, from ₹140 crore to ₹196 crore. Consolidated net profit expanded around 55.12% year-on-year, from ₹12.70 crore to ₹19.70 crore. The data points to better profitability alongside higher execution, though the release does not provide segment-wise details for the quarter. A separate quarterly table in the provided data set shows the quarter ended June 2025 (labelled “Jun 25”) with total revenue of ₹142.40 crore and net income of ₹12.75 crore, broadly aligning with the “₹140 crore” and “₹12.70 crore” comparative figures cited for the prior-year quarter. Taken together, the June quarter snapshot indicates the company managed to scale without profit compression in the reported numbers.

Snapshot table: June quarter year-on-year

How the quarterly trend looks in reported datasets

Beyond the Q1 FY27 headline numbers, the supplied quarterly table (noted as QoQ comparison) shows “Mar 26” total revenue at ₹445.75 crore versus “Jun 25” at ₹142.40 crore. It also shows net income at ₹54.09 crore in “Mar 26” versus ₹12.75 crore in “Jun 25”, and diluted normalized EPS at 23.58 for “Mar 26” versus 5.56 for “Jun 25”. Operating income in “Mar 26” is listed at ₹68.86 crore compared with ₹17.93 crore in “Jun 25”. Total operating expense is shown at ₹376.89 crore in “Mar 26” versus ₹124.47 crore in “Jun 25”. While the datasets are presented in different formats, they consistently point to strong profitability in the March 2026 quarter and a materially higher base versus earlier periods.

FY26 recap: revenue, EBITDA and profit

SRM Contractors also reported strong FY26 numbers in the provided data. Consolidated revenue for FY26 stood at ₹1,026 crore, up 94% year-on-year from ₹528 crore in FY25. EBITDA for FY26 was ₹177 crore versus ₹95 crore in FY25, up 86% year-on-year, with an EBITDA margin of 17.3% compared to 18.1% in the prior year. Net profit for FY26 came in at ₹111 crore versus ₹55 crore in FY25, a 102% increase. These FY26 figures provide important context because Q1 FY27 growth is being read against a year of rapid expansion.

Q4 FY26: strong exit quarter into FY27

For the quarter ended March 31, 2026 (Q4 FY26), SRM Contractors reported revenue of ₹446 crore, up 96% from ₹228 crore in Q4 FY25. Net profit was ₹54 crore, up 125% from ₹24 crore in the year-ago quarter. EBITDA for the quarter was ₹80 crore versus ₹41 crore, up 96%, with an EBITDA margin of 17.9% reported for both Q4 FY26 and Q4 FY25. Separately, the data also lists reported consolidated quarterly numbers for March 2026: net sales at ₹445.75 crore (up 95.87% from ₹227.57 crore), net profit at ₹54.10 crore (up 124.68% from ₹24.08 crore), and EBITDA at ₹79.74 crore (up 96.16% from ₹40.65 crore).

Table: FY26 and Q4 FY26 key metrics (as provided)

Valuation and stock data points disclosed

The provided data includes multiple valuation references. One line states SRM Contractors has a TTM P/E ratio of 7.93 compared with a sector P/E of 10.67. Another line states the P/E (price-to-earnings) ratio of SRM Contractors Ltd is 10.33, and the P/B ratio is 4.16. The stock was reported to have closed at 509.35 on June 01, 2026 on NSE. The same snapshot lists “peers” including DLF (0.33%), Lodha Developers (-1.39%), and Indus Towers (-0.01%) along with their moves, as provided.

Order wins and contract value mentioned

A separate headline in the supplied text states: “Srm Contractors Bags Contracts Worth 5.01 Billion Rupees.” Converted to the same base unit used in this article, ₹5.01 billion equals ₹501 crore. The data does not provide a project breakdown for this specific contract headline, but it is a notable figure alongside the company’s quarterly execution run-rate.

Dividend stance and audit status

The supplied data indicates the company’s latest dividend payout ratio is 0%, and its three-year average dividend payout ratio is also 0%. It also states that the Board of Directors approved the standalone and consolidated financial statements, including the balance sheet, statement of profit and loss, and cash flow statement. Audit reports were stated to have unmodified opinions. The board did not recommend any dividend.

Why these numbers matter for investors

The Q1 FY27 year-on-year jump in revenue and profit is significant because it follows an already high-growth FY26, where revenue rose to ₹1,026 crore and net profit reached ₹111 crore. The Q4 FY26 print of about ₹446 crore revenue and ₹54 crore profit suggests the company ended FY26 with a strong run-rate, and the June quarter numbers indicate the company continued to expand year-on-year. From a market perspective, the disclosed valuation comparisons (TTM P/E versus sector P/E, and the separate P/E and P/B figures) show that investors are also tracking whether earnings growth is being reflected in the stock’s multiples. The absence of dividend recommendation and 0% payout ratios confirm that returns, if any, are expected to come primarily through business performance and price movement rather than cash distributions.

Conclusion

SRM Contractors’ Q1 FY27 results show revenue rising to ₹196 crore and consolidated profit increasing to ₹19.70 crore, extending a period of rapid growth reported through FY26. Investors will likely watch subsequent quarterly updates for continued execution and whether profitability trends remain stable alongside expansion.