SSEGL

Sathlokhar financials

Market cap: ₹924 Cr
Sector: Construction
Calls analysed: 5

Latest concall · Q1 FY27 · call held 03 Aug 2026

Sathlokhar Q1 FY27

EBITDA ₹31.35 cr +131%EBITDA Margin 15.2% PAT ₹21.41 cr +133%Total Income ₹206.19 cr +68%

What went well

Total Income grew 67.76% YoY to ₹206.19 crores, demonstrating strong revenue growth.
EBITDA increased 131.4% YoY to ₹31.35 crores, with EBITDA margin expanding 418 basis points to 15.2% due to operating efficiencies and lower material costs.
PAT surged 132.59% YoY to ₹21.41 crores, and diluted EPS rose to ₹8.21 from ₹3.70 in Q1 FY26.

What to watch

Analyst noted a decline in order book over the last two quarters (Q1 FY27 at ₹231 cr vs Q1 FY26 at ₹421 cr), though management disputed the interpretation.
Land purchase for the PEB factory from a related party raised questions about fair valuation and transparency.

Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 2 delivered 2 missed 14 open

Number of Clients at risk said Q2 FY26 Promised: aiming to have 300 clients before 2027 Q1 FY27: No specific update on the number of clients this quarter.
FY27 Revenue revised up said Q2 FY26 Promised: INR 1,700 crores Q1 FY27: Guided for INR 2000+ crores, a significant upward revision from the prior 'above 70%' growth target and the original INR 1700 cr target.
FY26 Revenue delivered, diluted said Q4 FY25 Promised: 50% to 60% or above YoY growth Q4 FY26: Achieved INR 823.56 crore (121.3% YoY growth), exceeding the revised-down target of INR 800 crore.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 66.7%, net profit up 133.3% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	142	38	186	123	195 +37%	272 +616%	277 +49%	205 +67%
Expenses	120	32	166	109	165	232	235	175
EBITDA	22	6	20	13	30 +36%	40 +567%	43 +115%	30 +131%
Margin	16%	15%	11%	11%	15%	15%	15%	15%
Other income	1	0	2	0	1	1	1	1
Interest	1	1	1	1	1	2	3	2
Depreciation	0	0	0	0	0	0	1	0
Profit before tax	22	5	21	12	29 +32%	39 +680%	41 +95%	29 +142%
Tax rate	25%	15%	11%	26%	25%	25%	25%	25%
Net profit	16	4	18	9	22 +38%	29 +625%	30 +67%	21 +133%
EPS	6.81	1.86	7.61	3.81	9.11	11.16	11.65	8.24

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −7.7% 1Y

1Y: ₹464.15 on 10 Sept 2025 → ₹428.35. High ₹558.35 (31 Oct 2025), low ₹286.95 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: +5.6%; 3 Aug
Q4 FY26: −4.6%; 29 May
Q3 FY26: −3.2%; 10 Feb
Q2 FY26: −2.7%; 11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year ending	FY26
Revenue	₹867 Cr
Operating profit	₹126 Cr
Operating margin	14.5%
Interest	₹7 Cr
Depreciation	₹1 Cr
Net profit	₹90 Cr
Net margin	10.4%
Cash from operations	₹-163 Cr
Free cash flow	₹-164 Cr
ROCE	37.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹2 Cr	₹2 Cr	₹2 Cr	₹2 Cr	₹24 Cr	₹26 Cr
Reserves	₹6 Cr	₹7 Cr	₹12 Cr	₹39 Cr	₹176 Cr	₹333 Cr
Borrowings	₹4 Cr	₹7 Cr	₹6 Cr	₹0 Cr	₹37 Cr	₹90 Cr
Other liabilities	₹17 Cr	₹31 Cr	₹27 Cr	₹64 Cr	₹121 Cr	₹223 Cr
Total liabilities	₹29 Cr	₹46 Cr	₹48 Cr	₹105 Cr	₹358 Cr	₹672 Cr
Fixed assets	₹1 Cr	₹1 Cr	₹1 Cr	₹4 Cr	₹9 Cr	₹10 Cr
Capital work in progress	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr
Investments	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹28 Cr	₹46 Cr	₹47 Cr	₹101 Cr	₹349 Cr	₹661 Cr
Total assets	₹29 Cr	₹46 Cr	₹48 Cr	₹105 Cr	₹358 Cr	₹672 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

All earnings calls (5)

Read the Q1 FY27 call →

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