Behari Lal Engineering Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a profit before tax of ₹234.02 million for the quarter and ₹491.56 million for the half-year. Additionally, a statement on the utilization of Initial Public Offering (IPO) proceeds confirms no deviation or variation from the objects stated in the prospectus, with ₹930.00 million raised through the fresh issue.
Behari Lal Engineering Announces Q2 FY27 Financials and IPO Update
Behari Lal Engineering Limited has formally disclosed its financial performance for the second quarter and the first half of the fiscal year ending September 30, 2026. The company’s Board of Directors convened on November 14, 2026, to consider and approve these unaudited standalone financial results.
Financial Highlights
For the quarter ended September 30, 2026, Behari Lal Engineering reported a profit before tax of ₹234.02 million. The total income for the quarter stood at ₹1,578.72 million, with total expenses amounting to ₹1,344.70 million. The net profit after tax for the quarter was ₹174.00 million.
During the half-year ended September 30, 2026, the profit before tax reached ₹491.56 million. Total income for the period was ₹3,117.20 million, while total expenses were ₹2,625.64 million. The net profit after tax for the half-year was ₹365.94 million.
IPO Proceeds Utilization
In line with regulatory requirements, Behari Lal Engineering also submitted a statement detailing the utilization of proceeds from its Initial Public Offering (IPO). The company raised ₹930.00 million through the fresh issue component of the IPO, which was completed on August 17, 2026. The Audit Committee reviewed this statement on November 14, 2026.
The statement indicates that there has been no deviation or variation from the objects stated in the Prospectus dated August 16, 2026. The IPO proceeds were allocated to various purposes including funding capital expenditure requirements (₹23.75 million utilized), repayment of borrowings (₹5.70 million utilized), general corporate purposes (₹190.60 million utilized), and issue-related expenses (₹83.51 million utilized). A total of ₹303.56 million has been utilized from the IPO funds.
The company’s equity shares were listed on the BSE Limited and National Stock Exchange of India Limited on August 19, 2026.
Source: BSE
