SRM Contractors has announced impressive Q1 FY26 financial results with significant year-on-year growth. Revenue from operations increased by 159.70% to Rs. 142.40 crore, while profit after tax grew by 167.30% to Rs. 12.75 crore. The company has effectively utilized Rs. 91.26 crore of its Rs. 130.20 crore IPO proceeds, with no deviations from disclosed objectives. Unutilized funds of Rs. 38.94 crore are deployed in fixed deposits. The IPO proceeds are allocated for capital expenditure, debt repayment, working capital, joint venture investment, and corporate purposes.
SRM Contractors Limited, a construction sector company, reported strong Q1 results. Standalone profit increased by 179% year-over-year to ₹1,305.96 crore, while revenue rose 164% to ₹14,309.34 crore. Consolidated profit grew 167.3% to ₹1,274.81 crore, with revenue up 159.5% to ₹14,239.66 crore. The company's operational efficiency improved, with cost of materials consumed decreasing as a percentage of total revenue. SRM Contractors operates in a single business segment and includes various subsidiaries and joint ventures.