LCC Projects Limited announced its financial results for the second quarter (Q2) and first half (H1) of FY27. The company reported a robust 34% year-on-year revenue growth in Q2 FY27, reaching ₹886 crore, and a 58% increase in PAT to ₹77 crore. For H1 FY27, revenue grew by 15.2% to ₹1,688 crore. The company also highlighted a strong order book of ₹8,154 crore and maintained an EBITDA margin of 14%-15%.
LCC Projects Limited Q2 and H1 FY27 Financial Highlights
LCC Projects Limited has announced strong financial performance for the second quarter (Q2) and the first half (H1) of the financial year 2027. The company posted a significant 34% year-on-year increase in revenue for Q2 FY27, amounting to ₹886 crore, compared to ₹661 crore in the same period last year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q2 FY27 grew by 46% to ₹137 crore, with the EBITDA margin expanding to over 15.5% from 14.2% in the previous year. Profit After Tax (PAT) saw a substantial growth of 58%, reaching ₹77 crore, and the PAT margin improved to 8.6% from 7.3%.
Half-Yearly Performance and Order Book Strength
For the consolidated half-yearly period (H1) of FY27, LCC Projects reported revenue of ₹1,688 crore, an increase of 15.2% year-on-year. The EBITDA stood at ₹256 crore with a margin of 15.2%, up from 13.8% in H1 FY26. The PAT for H1 FY27 was ₹143 crore, with a margin of 8.4%. The company’s order book remained robust at ₹8,154 crore as of September 30, 2026, compared to ₹7,953 crore as of March 31, 2026, providing strong revenue visibility for the coming year. During H1 FY27, the company secured new orders worth ₹1,641 crore.
Future Outlook and Strategic Focus
LCC Projects Limited reaffirmed its commitment to its core sector, with 80% of its revenue generated from the water sector, including irrigation and water supply projects. The remaining 20% comes from other sectors like metro, mining, railway, and solar. The company expects to maintain its EBITDA margin in the range of 14% – 15% and targets a revenue growth of 20% or more annually. The company is also exploring opportunities in data centers and nuclear power, focusing on their water requirements. The management indicated a conservative approach to margin management, aiming to achieve better than the projected margins and maintain a stable 14%-15% range for the year.
Balance Sheet and Capital Management
The company successfully raised ₹258 crore via a fresh issue following its IPO. Net worth increased to ₹1,276 crore as of September 13, 2026, from ₹893 crore in March FY26. The debt-to-equity ratio improved to 0.7x from 0.97x, with total debt at ₹885 crore. Cash and bank balances stood strong at ₹535 crore. Annualized ROC is 23.8% and ROE is 23.9%. Working capital days stood at 123 days, with an expectation to normalize to 90-100 days.
Source: BSE
