A B Infrabuild Q2 FY27: standalone PAT up 134% YoY to ₹4.99 Cr as revenue nearly doubles
PAT +134.21% YoY · revenue +98.99% · margins expanding
₹74.23 Cr
+98.99% YoY
₹4.99 Cr
+134.21% YoY
6.6%
+1pp YoY
₹0.08
A B Infrabuild's standalone revenue from operations nearly doubled YoY to ₹74.23 Cr (+98.99%) and PAT rose 134.2% YoY to ₹4.99 Cr for the quarter ended September 30, 2026, against ₹37.30 Cr revenue and ₹2.13 Cr PAT in Q2 FY26. There is no management guidance or prior concall commentary on record for this company, and no broker consensus or preview was found for this quarter — a web search turned up no verified street estimate for A B Infrabuild, consistent with it being a recently-listed micro-cap with no visible analyst coverage; vsStreet is accordingly unknown rather than assumed. Sequentially, the print cooled off Q1 FY27 (revenue -2.65% QoQ, PAT -6.59% QoQ against ₹76.25 Cr revenue and ₹5.34 Cr PAT), so the YoY strength is the real signal, not the quarter-on-quarter dip.
Q2 FY-2027 vs prior quarters
Margins moved in different directions depending on the base: operating margin (EBITDA/revenue from ops) expanded to ~15.0% from 14.73% a year ago and 13.91% last quarter, aided by cost of construction easing as a share of revenue. But net margin slipped to 6.60% from 6.89% in Q1 FY27 as financing cost jumped 36% QoQ to ₹4.37 Cr, tracking a sharp rise in current borrowings — up 57% in H1 to ₹138.82 Cr from ₹88.25 Cr at March-26-end — used to fund a working-capital build (trade receivables up 24% in H1 to ₹129.20 Cr, inventories up 8% to ₹119.34 Cr). H1 operating cash flow was negative ₹23.49 Cr as a result, the one unusual balance-sheet item in an otherwise clean quarter. No management press release accompanied this filing (only the board-outcome letter and financial statements), so there is no company framing to reconcile against the numbers. Among the quarter's corporate developments, the ₹48.1 Cr Chhattisgarh project win (October 5, 2026) falls just after quarter-end and feeds the order pipeline into Q3 rather than this print; the AGM, dividend record date, and trading-window closure were routine and unrelated to the results.
What the summary numbers don't show
EPS ₹0.08 (basic & diluted) vs ₹0.33 a year ago — not directly comparable due to a ~10:1 stock split (face value ₹10→₹1) between the two periods; paid-up capital unchanged at ₹63.88 Cr
Exceptional items negligible in both periods (current ₹0.06L loss, year-ago ₹3.45L gain) — no adjustment needed to the YoY PAT comparison
W1
Financing cost trend — ₹4.37 Cr in Q2 vs ₹3.20 Cr in Q1 on ₹138.82 Cr current borrowings; watch for continued NPM pressure if borrowings keep rising
W2
Working-capital conversion — H1 operating cash outflow of ₹23.49 Cr on receivables/inventory build; watch for reversal as execution on the ₹48.1 Cr Chhattisgarh order (won Oct 2026) ramps
W3
No formal guidance on record — watch the Q3 FY27 print to confirm whether the +98.99% revenue / +134.2% PAT YoY pace holds
Standalone only (auditor report titled 'Standalone'); tiny exceptional items both periods (current ₹0.06L loss, year-ago ₹3.45L gain) are <1% of PBT and immaterial to growth read; EPS not YoY-comparable — face value cut ₹10→₹1 (~10:1 split) between Sep-25 and Sep-26 while paid-up capital held flat at ₹63.88 Cr.
Informational and educational content only. Not investment advice.