EPack PrefabTech Q2 FY27 Results (NSE: EPACKPEB)
Signal: Margin pressure
The read
Topline execution recovered sharply sequentially (+37.0% QoQ) and met EBITDA margin targets at 11.4%, but massive working capital expansion in H1 (-₹107.24 Cr OCF) and EPS dilution from the IPO remain key operational friction points.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹501.13 Cr | +15.5% | +37.0% |
| EBIT | ₹47.46 Cr | +0.8% | |
| Net profit | ₹29.58 Cr | +0.4% | |
| EPS | ₹2.94 | -14.5% | |
| EBIT margin | 9.5% |
P&L walk
Topline grew 15.5% YoY led by prefabricated building contracts, but PAT was flat (+0.4% YoY) due to higher raw material consumption and rising D&A.
Segments
Prefabricated Buildings delivered 91.8% of standalone revenue (₹459.90 Cr, +13.7% YoY) and almost all profit (PBIT ₹37.71 Cr), while EPS Beads grew 40.0% YoY to ₹41.11 Cr but earned a thin PBIT margin of 2.3% (₹0.94 Cr).
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