Oval Projects Engineering Q1 FY27 Revenue Surges 114% to ₹18 Cr

Oval Projects Engineering Limited reported a significant financial performance for Q1 FY27, with revenue soaring 114.29% year-on-year to ₹18.00 Crore, up from ₹8.40 Crore in the same period last year. The company's total order book stands at ₹818.68 Crore, of which ₹514.27 Crore is unexecuted, providing strong revenue visibility. Oval Projects Engineering, a specialized infrastructure services and O&M provider for the Oil & Gas sector, also highlighted a new business pipeline of ₹100.00 Crore in tenders. The management emphasized a selective approach to new orders, prioritizing cash flow discipline and order book quality over sheer growth.