LCC Projects

H1 FY27 PAT of Rs 142.7 cr is up only 13% YoY versus Q2's ~58% jump — the Q2 margin and revenue surge follows a soft Q1, so annualise the H1 run-rate, not the quarter.

Company-flagged risks centre on time and cost overruns, earnings volatility and managing growth — standard EPC exposures, mitigated only by milestone payments, escalation clauses and pre-tender customer/JV review.

Trade payables rose to Rs 3,882 mn from Rs 1,031 mn in Mar'25 — LCC appears to be stretching suppliers to fund the receivable build-up. That is a working-capital loop that breaks if collections slow.