What was Apex Ecotech's revenue in Q4 FY26?

Apex Ecotech reported revenue of ₹149 Cr in Q4 FY26, a +109.5% change year-over-year.

Did Apex Ecotech management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

APEXECOTECH Information Technology 15 May 2026

Apex Ecotech Limited — Q4 FY26

Q: What guidance did Apex Ecotech management give?

30-40% revenue growth target for FY27: Management reiterated a target of at least 30-40% overall growth for FY27, building on the FY26 base.

Apex Ecotech delivered a stellar FY26 with revenue surging 109.5% YoY to ₹148.65 crore and PAT growing 98.85% to ₹17.02 crore, driven by strong execution of marquee orders from Reliance, L&T, and others.

Revenue ₹149 Cr +109.5%

EBITDA ₹22 Cr +96.82%

PAT ₹17 Cr +98.85%

EBITDA Margin 14.64% -90bps

Duration 53 min

Read Time 1 min read

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2-Minute Summary

✦ AI-Generated from Full Transcript

Apex Ecotech delivered a stellar FY26 with revenue surging 109.5% YoY to ₹148.65 crore and PAT growing 98.85% to ₹17.02 crore, driven by strong execution of marquee orders from Reliance, L&T, and others. The order book stood at ₹125 crore as of March 31, 2026, providing high visibility. H2 revenue of ₹116.08 crore (up 135.7% YoY) reflected the bulk of execution. EBITDA margin contracted ~90bps to 14.64% due to raw material cost spikes and large-client pricing pressure, but management expects to protect margins via price pass-through. Guidance implies 30-40% revenue growth for FY27, with the full order book expected to convert. Key risk: margin compression if commodity prices remain elevated and new orders do not fully compensate.

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Raw material cost volatility

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Quarter Snapshot

Order Book ₹125 Cr

+102% YoY

Order book doubled from ~₹62 Cr in FY25, providing strong revenue visibility for FY27.

H2 Revenue ₹116.08 Cr

+135.7% YoY

H2 revenue accounted for 78% of full-year revenue, reflecting backend-loaded execution.

EPS ₹12.91

+63.2% YoY

EPS growth lagged PAT growth due to weighted average share count; no equity dilution.

Cash & Bank Balance ₹35.06 Cr

+142% YoY

Cash used primarily as collateral for bank guarantees to support large project orders.

Fast read

Guidance and risk preview

Top guidance 30-40% revenue growth target for FY27

Management reiterated a target of at least 30-40% overall growth for FY27, building on the FY26 base.

Top risk Raw material cost volatility

Metal prices rose 25-40% in H2, compressing margins.

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