HGIEL reported a 77% drop in Q1FY27 profit to Rs 28 Cr, impacted by technical issues and project delays. The company expects a turnaround in H2 FY27.
HGIEL Sees 77% Profit Drop in Q1FY27
Profit After Tax (PAT) falls to Rs 28 Cr from Rs 122 Cr year-on-year.
Net Sales decline by 47% to Rs 907 Cr.
Reader Takeaway: Challenging Q1 performance overshadowed by project delays, but a 'BUY' rating persists on future turnaround hopes.