Profit before tax (PBT) stood at Rs 8.32 crore in the June quarter, down 7.28% from Rs 8.98 crore reported in the same quarter a year ago.

Total expenses inched up 0.11% to Rs 81.64 crore in Q1 FY27 as compared with Rs 81.55 crore in Q1 FY26. The cost of materials consumed declined 62.89% YoY to Rs 24.48 crore, while construction expenses surged 110.53% YoY to Rs 53.32 crore during the period under review.

On a quarter-on-quarter (QoQ) basis, consolidated net profit declined 45.63%, while revenue from operations fell 65.22% in Q1 FY27.

Madhav Infra projects are engaged in the business of infrastructure development & solar power generation.