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Home News Business

Binastra posts strong Q1 FY27 earnings on construction, solar push

by thesun
June 19, 2026
in Business
Reading Time: 2 mins read
Summarize with ChatGPTSummarize with Perplexity

Binastra posts strong Q1 FY27 earnings on construction, solar push

KUALA LUMPUR: Binastra Corporation Bhd delivered a strong performance for its Q1 ended April 30, 2026 (FY27), posting a revenue of RM605.6 million, representing a 135.8% increase in the same quarter last year.

Profit before tax rose 54.0% to RM50.8 million, while profit after tax and minority interests surged 40.3% to RM35.3 million.

The outstanding performance was supported by contributions from its core construction segment, particularly in new construction services such as solar installation projects, as well as higher contributions from conventional construction and data centre projects.

Commenting on the group’s performance, managing director Datuk Jackson Tan Kak Seng said the group is encouraged by the strong start to FY27, reflecting the resilience of its diversified project portfolio and the successful execution of its growth strategy.

“The expansion into solar installation projects has enhanced our earnings base, while our core construction and data centre projects continue to deliver steady contributions.

“While the operating environment remains dynamic amid fluctuations in material prices, we remain focused on disciplined project execution, prudent cost management and operational efficiency.

“These priorities will enable us to navigate challenges effectively while continuing to deliver value to our clients and shareholders,” he said.

With a total outstanding order book of approximately RM6.8 billion and new contract wins amounting to RM819.5 million secured to date in FY27, Binastra remains well-positioned to sustain earnings visibility and support long-term growth.

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