Era Infra Engineering Q2 FY27: PAT ₹-144.49 Cr & Rev ₹2,445.01 Cr

Investor Takeaways

Revenue surged to ₹2,445 crores from ₹262 crores YoY, marking a significant increase.

Net loss narrowed to ₹144.49 crores from an unverified prior-year loss, indicating some improvement.

OPM stood at -64.66% in Q1FY27, reflecting ongoing margin pressures despite revenue growth.

Debt/Equity ratio is low at 0.28, suggesting a relatively conservative capital structure.

Promoter holding is stable at 71.43%, indicating sustained stakeholder confidence.

The company remains loss-making, with negative EPS of ₹-31.92 in the latest quarter.

Overall Tone: Cautious

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹2,445.01 Cr	↑ from ₹262 crores
Net Profit	₹-144.49 Cr	Narrowing loss from prior year (amount not verified)
EBITDA	Not available	N/A
EPS	₹-31.92	N/A
OPM	-64.66%	N/A

What Changed

Era Infra Engineering reported a dramatic year-on-year revenue increase to ₹2,445 crores in Q1 FY26, up from ₹262 crores, primarily attributed to other income. Despite this growth, the company posted a net loss of ₹144.49 crores, though this represents a narrowing of losses compared to the previous year, which could not be verified from the provided data. The filing notes that prior quarter results were unaudited and that future performance is contingent on project execution in a volatile infrastructure sector. The company’s financials show mixed signals: while revenue growth is substantial, operational profitability remains weak, with operating profit margin (OPM) at -64.66% in the latest quarter. Cost management and project execution efficiency appear to be ongoing challenges. The low Debt/Equity ratio of 0.28 suggests limited financial leverage, but the persistently negative net profit and margins indicate that the business has not yet reached sustainable profitability. The promoter holding of 71.43% remains stable, which may support long-term strategic vision, but the lack of audited prior results introduces uncertainty around historical performance accuracy.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
ERAINFRA	Not available	1.08%	1.89%	Not available
Larsen & Toubro Ltd (LT)	31.93	18.13%	17.79%	₹5,29,655.73
Altius Telecom Infrastructure Trust	41.39	8.61%	9.65%	₹55,895.22
Rail Vikas Nigam Ltd (RVNL)	46.15	9.12%	11.15%	₹41,471.05

Era Infra Engineering’s ROE and ROCE are significantly lower than its peers, reflecting weaker capital efficiency. Its P/E ratio cannot be calculated due to negative earnings, unlike peers which trade at elevated multiples, indicating market expectations of future profitability.

Risks & Concerns

The company reported a net loss of ₹144.49 crores and negative OPM of -64.66%, indicating ongoing operational un profitability.

Prior quarter results were not audited, raising concerns about financial reporting reliability.

Revenue growth was driven largely by other income, which may not be sustainable or reflective of core business performance.

The infrastructure sector is subject to project delays, regulatory changes, and macroeconomic volatility, which could impact future execution.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q1FY27	21.73	-7.82	-64.66
Q4FY26	6.53	11.17	-86.83
Q1FY26	0.62	-9.04	-591.94
Q4FY07	401.7	44.44	18.88

The recent quarters show volatile performance, with alternating periods of profit and loss. The latest quarter’s loss, while smaller in magnitude than previous losses, still reflects significant operational challenges. The sharp improvement in revenue from Q1FY26 to Q1FY27 is notable but appears to stem from non-core income, as core operational margins remain deeply negative. The company returned to profitability in Q4FY26 before reverting to a loss in Q1FY27, suggesting instability in earnings quality. Long-term trends are unclear due to limited historical data, but the recent pattern underscores execution risks and inconsistent financial outcomes.

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About Era Infra Engineering Ltd (ERAINFRA)

Construction · Infrastructure Developers & Operators · Listed on BSE

ROE: 1.1% ROCE: 1.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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