SEPC Limited (NSE: SEPC) announced its consolidated financial results for the first quarter (Q1 FY27) ended 30 June 2026, showcasing a strong topline growth of 40% year-on-year to ₹282 Cr, up from ₹202 Cr in Q1 FY26. Despite facing margin headwinds from international projects, the company’s order intake remained robust, anchored by a significant win from SAIL at its IISCO Burnpur Steel Plant.

Key Financial Highlights

The company’s total income stood at ₹282 Cr in Q1 FY27, up 40% year-on-year from ₹202 Cr in Q1 FY26. However, EBITDA stood at ₹26 Cr with an EBITDA margin of 9.2%, compared to ₹30 Cr and 14.9% in Q1 FY26, primarily due to margin pressure on select overseas contracts. The company reported a net loss of ₹11 Cr compared to a profit of ₹17 Cr in Q1 FY26.

Order Book & Business Momentum

Total orders on hand stood at ₹10,670 Cr as at 30 June 2026, with a diversified domestic order book of ₹5,270 Cr and an international order book of ₹5,400 Cr. SEPC won three orders during the quarter at SAIL’s IISCO Burnpur Steel Plant, underscoring the company’s growing traction in the metals and mining EPC space. The company has bids under active evaluation of ₹1,280 Cr in Water & Infrastructure and ₹3,060 Cr in Industrial EPC, providing strong forward visibility on the pipeline.

Strategic & Corporate Developments

The board and shareholder approvals have been completed for the proposed acquisition of Avenir International, expected to strengthen SEPC’s overall delivery capabilities. The company has substantially utilized the proceeds of its recent rights issue, deploying funds towards debt repayment, NCD redemption, and working capital requirements.

Mr. Venkataramani Jaiganesh, Managing Director, SEPC Limited, commented: ‘Q1 FY27 marked a strong start to the year, with revenue growing 40% year-on-year, reflecting continued execution across our diversified order book. While margins remained under pressure in select international projects during the quarter, our focus remains on disciplined execution, cost optimization, and improving project-level profitability as these projects progress. Our order book continues to provide a strong foundation for growth, with a healthy mix across water, mining, industrial EPC, power, construction, roads, and oil & gas. The recent wins from SAIL further strengthen our position in the metals and mining segment and add to the momentum in our domestic business. As we move through FY27, our priorities remain focused on strengthening execution, improving project margins, and converting our growing pipeline of opportunities into sustainable business growth. We remain confident in our ability to build on the current order momentum while maintaining a disciplined approach to project selection and execution.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of SEPC Limited

SEPC Limited belongs to the Industrials › Engineering & Construction sector. Here’s a quick read on where the business and the stock stand today.

SEPC drops 18.0% over three months and trades near its 52-week lows. Thin margins at 5.1% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock sits at 16% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 40.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of SEPC Limited.