Conart Engineers reported a 16% quarter-on-quarter increase in net profit to ₹70.19 lakh for Q1FY27, up from ₹60.75 lakh in Q4FY26, as reported by the company. However, this sequential growth came against a 2.4% year-on-year decline from ₹71.90 lakh in Q1FY26. The Mumbai-based construction engineering firm's earnings per share (basic and diluted) stood at ₹1.12, up from ₹0.97 in the previous quarter but slightly lower than ₹1.14 recorded in Q1FY26.
The company demonstrated robust sequential revenue growth with sales rising 28.6% quarter-on-quarter to ₹20.08 crore in Q1FY27, compared to ₹15.61 crore in Q4FY26, as reported by Conart Engineers. This substantial sequential increase from ₹14.78 crore in the corresponding quarter of the previous year indicates strong business momentum and improved project execution in the initial months of FY27. Total income reached ₹20.27 crore, supported by other income of ₹19.26 lakh.
Total expenses increased 33.6% quarter-on-quarter to ₹19.34 crore in Q1FY27, with construction expenses accounting for ₹11.24 crore and cost of materials consumed at ₹10.36 crore, as reported by Conart Engineers. This expense growth, driven primarily by higher construction expenses and material costs, constrained profitability despite strong revenue gains. Profit Before Tax declined 28.8% quarter-on-quarter to ₹93.06 lakh from ₹130.65 lakh in Q1FY26, highlighting margin pressure from input cost inflation and project-specific complexities.
The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with SEBI regulations, with statutory auditors Govind Prasad & Co. issuing a limited review report confirming results prepared in accordance with Ind AS standards. In a separate resolution during the same meeting, the Board appointed Ms. Gandhali Paluskar as Company Secretary and Compliance Officer effective August 11, 2026. Ms. Paluskar, a member of the Institute of Company Secretaries of India with seven years of experience working with listed and private companies, brings a Bachelor of Laws degree and Commerce graduation from Shivaji University to enhance the company's regulatory compliance and corporate governance standards.
