Telge Projects Q1 revenue doubles to ₹170.5 cr, profit jumps to ₹28.3 cr
Consolidated revenue more than doubled year-on-year, driven by US acquisitions; net profit attributable to shareholders rose to ₹28.3 crore from ₹11.8 crore.
— 2 earlier stories on Telge Projects Ltd. →What's new
- Revenue more than doubled YoY to ₹170.5 cr from ₹84.9 cr
- Net profit attributable to shareholders rose to ₹28.3 cr from ₹11.8 cr
- ₹7.8 cr of ₹24.5 cr IPO proceeds deployed towards capex & hiring
- Results include US subsidiaries and step-down entities from recent acquisitions
Why this matters
For a nano-cap with a ₹147 cr market cap, generating ₹170.5 cr in a single quarter is a significant shift. The quarter backs management's FY27 guidance of 60-70% revenue growth, but the growth is largely acquisition-driven. Margin sustainability and organic momentum will be the next tests.
What we're watching
- Organic versus acquired revenue contribution in coming quarters
- Margin trajectory as integration costs normalize
- Deployment of remaining ₹24.5 cr IPO proceeds (₹7.8 cr used so far)
The full read
Telge Projects delivered a blockbuster first quarter, doubling revenue to ₹170.5 crore and lifting net profit to ₹28.3 crore from ₹11.8 crore last year. The numbers include the first full contribution from recently acquired US subsidiaries, giving the nano-cap a revenue run-rate that dwarfs its ₹147 crore market cap. Management had guided for 60-70% revenue growth in FY27; this quarter alone already validates that target if momentum holds. Yet the growth is inorganic. The ₹24.5 crore IPO raised in FY26 is only partially deployed, with ₹7.8 crore used for capex and hiring. The open question: can Telge sustain this pace organically? For now, the stock trades at a trailing P/E of 24.7x — one that could shrink rapidly if quarterly earnings stay at this level.
Questions answered
- How much did the US subsidiaries contribute to Q1 revenue?
- The company did not break out the contribution, but consolidated figures include recently acquired US subsidiaries and step-down entities.
- What is the status of the IPO proceeds?
- Of the net issue of ₹24.5 cr, ₹7.8 cr has been deployed, primarily towards capital expenditure and manpower hiring. The balance is unutilized.
- How does this quarter compare to the previous quarter?
- In Q4 FY26 (March 2026), standalone sales were ₹14 cr and net profit ₹4 cr. The current quarter's ₹170.5 cr revenue reflects full consolidation of acquisitions.
- Is this revenue run-rate sustainable?
- The quarter's revenue of ₹170.5 cr is far above the standalone run-rate, but much depends on the durability of acquisition-driven growth and organic order flow.
- What is the company's P/E after this quarter?
- Trailing P/E based on previous four quarters' earnings is 24.7x. If the current profit level sustains, the multiple could compress significantly.
Telge Projects Ltd.
Latest quarter · Jun 2026
Strength & growth
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All notes on TELGE →- 16 Jul 2026 · 12:03 PM IST Telge Projects Q1 revenue doubles to ₹170.5 cr, profit jumps to ₹28.3 cr
- 26d ago Telge promoter relative adds ₹38.58 lakh in shares; stake still tiny
- 67d ago Telge Projects guides for 60-70% revenue growth in FY27