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The Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and earnings normalize after a Q4 FY26 peak, while margin compression and sharp order book drops in core segments point to near-term execution pressure.
Consolidated order book stabilizes from ₹2,005 Cr in Q2 FY26 to ₹1,754 Cr in Q1 FY27, ensuring steady execution.
EBITDA margin contracts from 14.6% in Q4 FY26 to 8.1% in Q1 FY27, signaling pricing pressure.
Integrated Oil & Gas revenue holds from ₹256.0 Cr in Q4 FY26 to ₹244.8 Cr in Q1 FY27, confirming sustained demand.
PAT margin falls from 9.6% in Q4 FY26 to 4.7% in Q1 FY27, indicating margin compression.
Exceptional items normalize from -₹6.5 Cr in Q2 FY26 to ₹0.0 Cr in Q1 FY27, removing one-off drag.
Integrated Oil & Gas order book crashes from ₹1,184 Cr in Q4 FY26 to ₹60 Cr in Q1 FY27, signaling severe pipeline depletion.
Depreciation settles from ₹4.7 Cr in Q1 FY26 to ₹4.4 Cr in Q1 FY27, reflecting stable asset utilization.
Other expenses rise from ₹4.3 Cr in Q1 FY26 to ₹12.6 Cr in Q1 FY27, signaling rising operational overheads.