Steamhouse India Q1 FY27 Net Profit Climbs 80% to Rs 18.34 Crore

Revenue rose 13.35% to Rs 128.62 crore; EBITDA margins expanded by 702 basis points.

Reader Takeaway: Strong operational leverage and a massive new EPC contract drive growth, though coal price volatility remains key.

What just happened

Steamhouse India Limited (SHIL) reported a strong financial performance for the quarter ended June 30, 2026. The company saw its Profit After Tax (PAT) rise sharply to Rs 18.34 crore, up from Rs 10.18 crore in the corresponding quarter of the previous year. Revenue grew to Rs 128.62 crore, while EBITDA margin improved to 24.05% from 17.03% a year earlier.

Why this matters

The jump in profitability highlights the company's ability to utilize its waste-to-energy assets more efficiently. A major highlight is the new EPC mandate for a 300 TPH community boiler facility at the Bulk Drug Park in Una, Himachal Pradesh. The contract, valued at Rs 311 crore, includes long-term Operation & Maintenance, which secures future recurring revenue.

What changes now

Steamhouse is pursuing an aggressive expansion strategy, aiming to scale its green boiler capacity seven-fold to 105 TPH by the end of FY27. Additionally, the company is advancing a 3.04 MW solar project in Ankleshwar and has expressed interest in a large waste-to-steam project with the Surat Municipal Corporation.

Risks to watch

While management has successfully utilized pass-through clauses to mitigate inflationary pressure from coal, geopolitical tensions remain a risk. Unpredictable coal price spikes could challenge the cost structure if the pass-through mechanism faces delays or operational hurdles.

What to track next

Investors should monitor the execution timeline of the Himachal Pradesh EPC project and the progress of the company's ambitious green boiler capacity expansion, which will be critical for maintaining the current growth trajectory.