Swastika Infra Q2 Results: Net Profit Surges 80.2% YoY to ₹16.4 Crore

Key numbers

Market Cap	₹831.92 CrSmall Cap
Industry PE	64.69xHeavy Electricals
Promoter Holding	57.41%0% Pledged
1-Year Change	31.79%Price Performance

Key highlights

• Net profit increased by 80.2% year-on-year to reach ₹16.4 crore in Q2 FY27
• Revenue from operations grew to ₹148 crore, compared to ₹104 crore in the year-ago period
• Operating margins improved to 14.7% from 11.6% YoY and 8.3% in the preceding quarter
• Company completed an IPO on September 30, 2026, raising fresh issue proceeds of ₹128.50 crore
• Promoter holding stands at 57.41% as of the latest filing with no pledged shares

Operational Scale and Profitability Growth

Swastika Infra Limited demonstrated strong operational momentum in the second quarter of FY27, reporting revenue from operations of ₹148 crore. This represents a substantial increase from the ₹104 crore recorded in Q2 FY26 and a sequential jump from ₹58.7 crore in Q1 FY27. The company managed to scale its profitability faster than its top-line growth, with net profit reaching ₹16.4 crore for the quarter.

This performance follows the company’s transition to a public entity, with its equity shares listed on both the BSE and NSE on September 30, 2026, marking a significant milestone in its corporate history.

Margin Expansion and Expenditure Trends

• Operating margin reached 14.7% in Q2 FY27, up from 8.3% in the immediate prior quarter.
• Total expenses for the quarter stood at ₹126.60 crore, primarily driven by procurement of goods and services for EPC contracts.
• Other income remained stable at ₹0.6 crore, consistent with the figures reported in Q1 FY27.
• Finance costs for the quarter were recorded at ₹4.93 crore, compared to ₹4.31 crore in the previous quarter.
• The company reported a Profit Before Tax (PBT) of ₹21.9 crore, reflecting a year-on-year increase of approximately 79%.

Post-IPO Capital Utilization and Order Pipeline

Following the completion of its Initial Public Offering, Swastika Infra has detailed the utilization of ₹109.38 crore in net proceeds. The company has allocated ₹90 crore toward funding incremental working capital requirements to support its expanding project portfolio. Notably, on October 7, 2026, the firm secured a major distribution infrastructure project worth ₹615.76 crore from MSEDCL, which is scheduled for execution over a 24-month period.

This project win highlights the company's focus on the heavy electrical equipment and general industrial sectors, where it currently trades at a Price to Book Value Adjusted of 5.08.

Summary of Financial Results Approval

The Board of Directors considered and approved the Unaudited Standalone Financial Results of the Company for the quarter and half year ended on 30TH September, 2026, together with the Limited Review Report issued by the Statutory Auditors of the Company.

What to watch next

• Expiry of the 30-day post-IPO lock-in period for anchor investors on October 27, 2026
• Commencement and mobilization of the ₹615.76 crore MSEDCL distribution infrastructure project
• Utilization of remaining IPO proceeds for general corporate purposes totaling ₹19.38 crore

Swastika Infra · financial snapshot

Share price	₹243.82
Market capitalisation	₹831.92 Cr
Revenue (annual)	₹503.57 Cr
Net profit (annual)	₹41.43 Cr
Promoter holding	57.41%
FII holding	6.04%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.