Behari Lal Engineering Ltd. Q1 FY27 Revenue at ₹151.7 Cr, Up 18% YoY; IPO Lists Successfully
Behari Lal Engineering reported Q1 FY27 revenue of ₹151.7 Cr, up 18% YoY. EBITDA grew 23.4% to ₹29.7 Cr, and PAT increased 24.5% to ₹19.2 Cr. High-value products now form 60.4% of revenue. The company's IPO, subscribed 108.44x, successfully listed on August 19, 2026.
The announcement includes strong financial performance for the quarter, a significant improvement in key financial metrics, and the successful completion and listing of its IPO, which will fund future growth. This combination of strong operational results and capital market success has a high impact.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with an improved EBITDA margin and a favorable shift in product mix. The successful IPO and listing also contribute positively to the sentiment.
Behari Lal Engineering Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a revenue from operations of ₹151.7 Crore, marking an 18.0% year-on-year increase and a 15.6% sequential growth. Sales volume stood at 22,095 MT, up 13.4% YoY.
EBITDA for the quarter was ₹29.7 Crore, with an EBITDA margin of 19.6%, an improvement of 85 basis points YoY. Profit After Tax (PAT) was ₹19.2 Crore, a 24.5% increase YoY, achieving a PAT margin of 12.7%.
The company highlighted a significant shift towards high-value products, which constituted 60.4% of revenue in Q1 FY27, up from 57.78% in FY26 and 55.7% in Q1 FY26. This product mix upgrade contributed to an increase in EBITDA per MT to ₹13,457.
Commenting on the results, Mr. Lovlish Garg, Whole-time Director, noted the robust demand across product lines and the favorable industrial environment in India. He also mentioned the successful Initial Public Offering (IPO), which opened on August 12, 2026, was oversubscribed 108.44 times, and listed on NSE and BSE on August 19, 2026. The fresh issue proceeds of ₹93 Crore are earmarked for capacity and capability expansion.
As of June 30, 2026, the company's order book stood at ₹162 Crore, providing healthy revenue visibility. Behari Lal Engineering Limited remains focused on improving its product mix, scaling exports, and maintaining a strong balance sheet.
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