Consolidated Financial Highlights

Quarter Ended 30th September 2026 (Q2 FY27):

  • Revenue From Operations: ₹2,627 Crore, representing a growth of 60% over the same quarter of the previous year.
  • Operating EBITDA*: ₹127 Crore, representing a growth of 30% over the same quarter of the previous year.
  • Adjusted Loss After Tax#: ₹57 Crore for the quarter.
  • The results include an exceptional loss of ₹9.5 Crore for the quarter.

Half Year Ended 30th September 2026 (H1 FY27):

  • Revenue From Operations: ₹6,515 Crore, representing a growth of 28% over the corresponding period previous year.
  • Operating EBITDA*: ₹464 Crore, representing a growth of 29% over the corresponding period previous year.
  • Adjusted Profit After Tax (PAT)#: ₹69 Crore for the period.
  • The results include an exceptional loss of ₹132.7 Crore for the half year.

*Operating EBITDA is defined as earnings before impact of ESOP expense & other non-operating income and expenses. It is also adjusted for the consumption of inventory that had been fair valued at the time of Purchase Price Allocation (PPA) for the new acquisitions, viz. Power-One, Unitronics and Shogini. This PPA adjustment aggregated to an impact of ~ ₹13.5 Crore in Q2FY27 and ₹28.8 Crore in H1FY27, representing an increase in the raw material consumption in the consolidated financial statements.

#Adjusted PAT is defined as profit after tax before the exceptional loss.

Management Commentary

Mr. Daljit Singh, Managing Director, commented on the results:

He stated the company was pleased to report financial performance for Q2 FY27, highlighting the strong revenue growth of 60% YoY to ₹2,627 Cr and Operating EBITDA growth of 30% YoY to ₹127 Cr.

Divisional Performance for Q2 FY27

  • Consumer Durables Division: Delivered a strong revenue growth of 41% YoY for the quarter.
  • Electronics Division: Delivered revenue growth of 94% YoY for the quarter.
  • Railway Sub-systems & Defence division: Delivered revenue growth of 15% YoY for the quarter.

Other Information

The press release includes a standard Safe Harbor Statement regarding forward-looking statements.

For further information, contacts are provided for the company's Investor Relations team and their advisors, Strategic Growth Advisors Pvt. Ltd.