Shankara Buildpro Q2FY27 Revenue Surges 43% to ₹2,280 Crore, PAT Jumps 57%
Shankara Buildpro reported Q2 FY27 revenue of ₹2,280 Crore, up 43% YoY, and PAT of ₹46.2 Crore, up 57% YoY. H1 FY27 revenue was ₹4,170 Crore, up 32% YoY. Steel volumes grew 27% YoY in Q2 FY27. Mr. Dhananjay Mirlay Srinivas appointed MD.
The strong financial performance, market expansion, and significant leadership changes are material events that will likely impact investor perception and the company's future trajectory.
The company reported strong revenue and profit growth, exceeding previous periods and achieving record quarterly profits. Expansion into new markets and improved financial metrics contribute to a positive sentiment.
Shankara Buildpro Limited announced robust financial results for the second quarter and first half of fiscal year 2027 (Q2 & H1 FY27). The company reported a significant 43% year-on-year (YoY) increase in revenue for Q2 FY27, reaching ₹2,280 Crore, driven by strong volume growth and a recovery in the non-steel segment. For H1 FY27, revenue grew by 32% YoY to ₹4,170 Crore.
Steel volumes in Q2 FY27 reached 3.03 lakh tonnes, a 27% YoY increase, while H1 FY27 volumes were 5.53 lakh tonnes, up 19% YoY. The non-steel segment also showed resilience, with revenue growing 17% YoY in Q2 FY27 to ₹181 Crore, marking the second consecutive quarter of growth.
Profitability saw substantial improvement. Highest-ever quarterly Profit After Tax (PAT) of ₹46.2 Crore was recorded in Q2 FY27, a 57% YoY increase. PAT margin improved by 18 basis points YoY to 2.02%. For H1 FY27, PAT increased by 33% YoY to ₹81.96 Crore, with PAT margin at 1.97%.
The company maintained working capital discipline, with finance costs reduced to 0.52% of revenue in Q2 FY27. Return on Capital Employed (RoCE) stood at 43% in Q2 FY27. Shankara Buildpro also entered the Rajasthan market with its first fulfillment center in Jaipur.
In a significant development, the company announced the passing of its Founder and Managing Director, Mr. Sukumar Srinivas, on October 30, 2026. Following this, Mr. Dhananjay Mirlay Srinivas was appointed as the new Managing Director, effective November 1, 2026, for a term of five years. The company emphasized leadership continuity and commitment to its strategic roadmap.
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