GTV Engineering Q2 FY27 Results (BSE: 539479)
Signal: Steady quarter
The read
The key inflection is sequential: standalone revenue declined 9.6% QoQ and PAT declined 25.3% QoQ after the prior quarter's ₹398.58 lakh PAT; year-on-year revenue still grew 9.3%, but other expenses rose 108.5% and EPS declined 21.3%, indicating weaker earnings conversion and possible dilution.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| EBIT margin | N/A |
P&L walk
The filing includes a consolidated statement, but its quarter-level revenue, profit, EPS and operating-line figures are not legible or disclosed in the supplied text.
Key positives
- Standalone revenue reached ₹2678.28 lakh, up 9.3% YoY despite a 9.6% QoQ decline.
- PPE of ₹1827.09 lakh and CWIP of ₹3585.45 lakh indicate a sizeable disclosed asset and investment base.
- Depreciation rose 31.8% YoY alongside higher disclosed PPE and CWIP, producing a clean depreciation-to-capex cross-check.
Key concerns
- Standalone PAT fell 15.3% YoY to ₹297.58 lakh and 25.3% QoQ, underperforming revenue growth.
- Other expenses rose 108.5% YoY to ₹352.64 lakh and 74.4% QoQ, materially pressuring earnings conversion.
- EPS declined 21.3% YoY to ₹0.59 versus a 15.3% PAT decline, while paid-up equity share capital increased to ₹1015.01 lakh.
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