Eleganz Interiors has reported its business update for Q1 FY27, showcasing a 40.37% year-on-year rise in provisional revenue to ₹74.26 crore. The company secured new orders worth ₹148.96 crore during the quarter, maintaining a robust order book of ₹621.46 crore as of June 30, 2026. This order book position is 1.6 times the revenue recorded in FY26, providing strong revenue visibility for the remainder of the financial year.

Q1 FY27 Performance Highlights

The company’s operational performance in Q1 FY27 was driven by healthy project execution across key engagements. Revenue for the period stood at ₹74.26 crore, compared to ₹52.90 crore in the corresponding period of the previous year. The balance order book of ₹621.46 crore is executable over the balance of FY27 and beyond.

Business Momentum and Outlook

Commenting on the performance, Mr. Sammeer Pakvasa, Chairman and Managing Director, highlighted the addition of new orders from leading Grade-A and Fortune 500 clients. He noted that the strong order book and sustained demand for integrated interior solutions provide confidence in delivering another year of sustainable growth. Eleganz Interiors specializes in corporate offices, R&D facilities, and laboratories, with a focus on sustainable building practices.

Eleganz Interiors has fully utilized the proceeds raised through its Initial Public Offer (IPO) for the objects stated in the prospectus dated February 11, 2025, as of September 30, 2025. The company's statutory auditor, M/s. Jayesh Sanghrajka & Co LLP, certified that the funds were deployed without any deviation from the proposed utilization plans. This disclosure was submitted to the National Stock Exchange of India Limited in response to a query regarding the financial results for the half year ended September 30, 2025.

Utilization of IPO Proceeds

The auditor's certificate confirms that the company deployed the funds across four primary categories: repayment of borrowings, working capital requirements, general corporate purpose, and issue-related expenses. The total amount raised was ₹7,806.50 lakh, out of which ₹7,806.32 lakh was utilized by the specified date. The remaining balance of ₹0.18 lakh is unutilized specifically under the head of issue-related expenses.

Financial Breakdown

The following table details the utilization of funds as certified by the statutory auditor:

Regulatory Disclosure

The company addressed the exchange's query dated February 4, 2026, by providing the auditor's certificate that was inadvertently omitted from the initial financial results submission on November 3, 2025. The certification, signed by designated partner Vijaysinh Jadeja, validates that the deployment of funds aligns strictly with the objectives outlined in the offer document. The company confirmed that all statutory requirements regarding the disclosure of fund utilization have now been fulfilled.