Oval Projects FY27 H1 Revenue Up 16% to ₹70.72 Cr
Oval Projects Engineering Ltd held an earnings call on November 6, 2026, to discuss their financial performance for the half-year ended September 30, 2026. Revenue from operations increased by 16.01% year-on-year to INR 70.72 crores (from INR 60.96 crores in H1 FY26). EBITDA grew by 10.29% to INR 13.60 crores. However, Profit After Tax saw a marginal decline of 1.71% to INR 6.25 crores compared to INR 6.36 crores in the previous year. The company highlighted a strong order book of INR 806.80 crores, with INR 473.86 crores unexecuted, providing good visibility for future revenue. Approximately 90% of revenue is derived from PSU and government customers, with a repeat order rate of around 70%. The company also noted significant opportunities in India's energy infrastructure sector.
Key Highlights
- H1 FY27 revenue increased 16.01% YoY to ₹70.72 Cr.
- EBITDA grew 10.29% to ₹13.60 Cr; PAT declined 1.71% to ₹6.25 Cr.
- Order book stands at ₹806.80 Cr, with ₹473.86 Cr unexecuted.
- 90% of revenue from PSU/government clients; 70% repeat order rate.
- Positive outlook on India's energy infrastructure development.
Price Impact
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