Financial Performance Highlights (₹ crore, Consolidated)

Quarterly Comparison:

  • Revenue from Operations: ₹466.33 crore in Q1 FY27 vs ₹315.11 crore in Q1 FY26, showing 48.0% YoY growth
  • EBITDA (excluding other income): ₹77.10 crore in Q1 FY27 vs ₹48.78 crore in Q1 FY26, showing 58.1% YoY growth
  • EBITDA Margin: 16.5% in Q1 FY27 vs 15.5% in Q1 FY26, expansion of 105 basis points
  • PAT: ₹46.84 crore in Q1 FY27 vs ₹31.14 crore in Q1 FY26, showing 50.4% YoY growth
  • PAT Margin: 10.0% in Q1 FY27 vs 9.9% in Q1 FY26, expansion of 16 basis points

Full Year Reference:

  • FY26 Revenue from Operations: ₹747.62 crore
  • FY26 EBITDA: ₹149.56 crore
  • FY26 EBITDA Margin: 20.0%
  • FY26 PAT: ₹102.19 crore
  • FY26 PAT Margin: 13.7%

Business Updates & Operational Performance

Order Book Position:

  • Order book as of 30th June 2026: ₹3,116.63 crore
  • Quarter-over-quarter growth: 25.0%
  • Q1 FY27 order inflows: ₹972.42 crore

Major Order Win:

  • Received order worth ₹291.68 crore from Rajashthan Rajya Vidhyut Prasaran Nigam Ltd. (RRVPNL)
  • Order comprises: 4 units of 160 MVA, 220/132 kV transformers; 63 units of 50 MVA, 132/33 kV transformers; 12 units of 31.5 MVA, 132/33 kV Power Transformers

Product Mix Evolution:

  • Over 55% of order book comprises 220 kV transformers
  • 400 kV transformers and reactors contribute nearly ₹275 crore to order book
  • Business mix shifting toward higher-capacity transformers

Capacity Expansion & Development:

  • Successfully commissioned new capacities in FY26
  • Manufacturing operations scaling up with increased capacity utilization
  • Inverter Duty Transformer facility commissioning in progress
  • Tank & Radiator backward integration progressing
  • 400 kV transformer development at Vadod facility on track
  • 765 kV transformer development at Atlanta Trafo facility on track
  • PGCIL approval obtained for manufacturing up to 400 kV class transformers at Vadod facility

Management Commentary

Mr. Niral Patel, Chairman and Managing Director, commented on the strong Q1 performance driven by:

  • Expanded manufacturing capacity
  • Disciplined execution
  • Improving operating leverage
  • Robust demand environment across transmission & distribution, renewable energy and industrial applications

He highlighted confidence in long-term opportunities from India's expanding power infrastructure driven by:

  • Transmission network expansion
  • Renewable energy integration
  • Battery energy storage systems (BESS)
  • Industrial electrification
  • Data centre development

Company Background

Atlanta Electricals Limited manufactures and supplies power transformers ranging from 5 MVA/11 kV up to 500 MVA/765 kV, including auto transformers, inverter duty transformers, furnace transformers, generator transformers and special duty transformers. The company operates five facilities in Gujarat and Karnataka. As of 31st March 2026, the company has supplied over 4,800 transformers totaling more than 1,16,000 MVA across India.