3 weeks ago
SEPC Posts 40% Revenue Growth in Q1 Despite Margin Headwinds
SEPC is a company that builds big things like water plants, roads, factories, and power stations.
Every few months, it tells people how its business is going.
This time, SEPC said it made a lot more money from its work than it did at the same time last year.
Its income went up by 40 percent.
But even though it earned more money, it still lost a small amount because some projects in faraway countries cost more than planned.
The company is working to fix that problem.
SEPC still has a big pile of work to do, worth more than 10,000 crore rupees.
It is building projects in India and also in countries like Uzbekistan and Saudi Arabia.
It also just won new work at a big steel plant in India.
The company's leaders say they will keep working hard to finish projects and earn profits again.
SEPC Limited reported Q1 FY27 total income of ₹282 crore, up 40% year-on-year from ₹202 crore in Q1 FY26.
EBITDA declined to ₹26 crore with a 9.2% margin, from ₹30 crore and 14.9% a year earlier, due to margin pressure on overseas contracts.
The company recorded a net loss of ₹11 crore, compared with a net profit of ₹17 crore in the same quarter last year.
Total orders on hand stood at ₹10,670 crore as of 30 June 2026, with a ₹5,400 crore international order book spanning Uzbekistan and Saudi Arabia.
SEPC won three orders at SAIL's IISCO Burnpur Steel Plant, including a fresh ₹952 crore Pellet Plant package in August 2026, and completed approvals for the acquisition of Avenir International.
- Who
- SEPC Limited (formerly Shriram EPC Limited), an Indian EPC company, and its Managing Director Venkataramani Jaiganesh.
- What
- Announced Q1 FY27 results showing 40% year-on-year revenue growth but a ₹11 crore net loss amid margin pressure on overseas contracts.
- Where
- India, with international projects in the Middle East, Uzbekistan, and Saudi Arabia.
- When
- For the quarter ended 30 June 2026, reported on 12 August 2026.
- Why
- Strong execution across the order book drove revenue growth, but select overseas contracts experienced execution-phase margin pressure, while new SAIL orders strengthened its domestic pipeline.
Key facts
- Company
- SEPC Limited (NSE: SEPC | BSE: 532945)
- Period
- Q1 FY27 (quarter ended 30 June 2026)
- Total Income
- ₹282 crore, up 40% YoY from ₹202 crore
- EBITDA
- ₹26 crore (9.2% margin), down from ₹30 crore (14.9%)
- Net Result
- ₹11 crore loss vs ₹17 crore profit in Q1 FY26
- Orders on Hand
- ₹10,670 crore as of 30 June 2026
- New Order
- ₹952 crore SAIL 4.2 MTPA Pellet Plant BOP package (August 2026)
- Pending Acquisition
- Avenir International, awaiting exchange and lender approvals
Quotes
Mr. Venkataramani Jaiganesh
Managing Director of SEPC Limited
“"Q1 FY27 marked a strong start to the year, with revenue growing 40% year-on-year, reflecting continued execution across our diversified order book."”
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