Samay Project Services reported a 62.4% increase in net profit to ₹687.44 lakh for the financial year ended March 31, 2026, compared to ₹423.24 lakh in the previous year. Revenue from operations rose 35% to ₹5,015.77 lakh from ₹3,714.08 lakh in FY25, driven by the company's EPC and turnkey contracting operations. The Board of Directors approved the audited standalone and consolidated financial results on May 11, 2026.

Financial Performance

The company’s total revenue for FY26 stood at ₹5,189.34 lakh, up from ₹3,772.17 lakh in the prior year. Total expenses increased to ₹4,320.63 lakh from ₹3,199.30 lakh. Earnings per share (EPS) for the year improved to ₹4.77 from ₹3.84 in the previous year. The statutory auditors, M/s. Krishaan & Co., issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Standalone Financial Results (₹ in Lakhs)

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹676.79 lakh for FY26, compared to ₹423.24 lakh in FY25. Total consolidated revenue increased to ₹5,189.66 lakh from ₹3,772.17 lakh. The results include the financials of subsidiary Samay BioCNG Chittoor Private Limited. The auditors noted that they did not audit the subsidiary's financial statements, which reflected total assets of ₹57.03 lakh and total revenues of nil for the year.

IPO Proceeds Utilisation

The company issued 43,20,000 shares at a premium of ₹24 per share via an Initial Public Offer (IPO) that listed on the NSE Emerge platform on June 23, 2025. Net proceeds from the IPO amounted to ₹1,227.72 lakh. As of March 31, 2026, the company utilised ₹727.72 lakh for working capital, while ₹500 lakh remained unutilised and were kept in short-term fixed deposits.

Statement of Utilisation of Funds (₹ in Lakhs)

The Board also granted omnibus approval for related party transactions for the financial year 2026-27 and approved the Samay Employees Stock Option Scheme Plan 2026, which will be presented to shareholders for approval at the ensuing Annual General Meeting.

Samay Project Services Limited, a Chennai-based EPC operator and turnkey contractor, reported robust financial results for the year ended March 31, 2026, with its Board of Directors approving the audited standalone and consolidated financial statements at a meeting held on May 11, 2026. The company delivered strong growth across key financial metrics on both standalone and consolidated bases, reflecting continued business momentum.

Standalone Financial Performance

The company's standalone revenue from operations rose to ₹5,015.77 lakhs in FY26, compared to ₹3,714.08 lakhs in FY25. Including other income of ₹173.57 lakhs, total standalone revenue stood at ₹5,189.34 lakhs against ₹3,772.17 lakhs in the prior year. The following table summarises the key standalone financial results:

Standalone total expenses for FY26 were ₹4,320.63 lakhs, compared to ₹3,199.30 lakhs in FY25. Employee benefit expenses stood at ₹1,086.24 lakhs, while purchase of materials amounted to ₹2,813.84 lakhs. Finance costs were ₹44.48 lakhs and depreciation and amortisation expenses were ₹20.32 lakhs for the year.

Consolidated Financial Performance

On a consolidated basis—which includes subsidiary Samay BioCNG Chittoor Private Limited—the company reported revenue from operations of ₹5,015.77 lakhs and total revenue of ₹5,189.66 lakhs for FY26. Consolidated net profit for the year stood at ₹676.79 lakhs, compared to ₹423.24 lakhs in FY25.

Standalone Balance Sheet Highlights

The standalone total assets as at March 31, 2026 stood at ₹5,082.25 lakhs, up from ₹3,299.48 lakhs as at March 31, 2025. Shareholders' funds increased to ₹3,994.36 lakhs from ₹2,079.20 lakhs. Trade receivables rose to ₹1,787.83 lakhs from ₹1,326.20 lakhs, while cash and cash equivalents stood at ₹1,120.71 lakhs compared to ₹431.33 lakhs in the prior year. Paid-up equity share capital as at March 31, 2026 was ₹1,534.93 lakhs, with a face value of Rs. 10/- per share.

IPO Proceeds Utilisation

The company raised funds through its Initial Public Offer, listing on the Emerge Platform of the National Stock Exchange of India Limited on June 23, 2025, issuing 43,20,000 shares of Rs. 10 each at a premium of Rs. 24/- per share. The utilisation of IPO proceeds as at March 31, 2026 is detailed below:

The auditors, Krishaan & Co., Chartered Accountants (Firm Regn. No. 001453S), certified that there has been no deviation or variation in the use of IPO proceeds as per Regulation 32 of SEBI (LODR) Regulations, 2015. Unutilised funds of ₹500.00 lakhs are kept in short-term fixed deposits separately.

Key Board Decisions

Beyond the financial results, the Board approved several significant resolutions at the May 11, 2026 meeting:

• Related Party Transactions: Omnibus approval granted for related party transactions for the financial year 2026-27.
• ESOP Scheme: The Nomination and Remuneration Committee recommended the Samay Employees Stock Option Scheme Plan 2026 to the Board. The Board approved the scheme and directed that it be placed before shareholders for approval at the ensuing Annual General Meeting.

The audited standalone and consolidated financial results, along with the Auditors' Report dated May 11, 2026 issued by Krishaan & Co., were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The company operates in a single business segment as an EPC operator and turnkey contractor, as per AS 17 – Segment Reporting.