Atlanta Electricals Limited – Investor Presentation Summary
Key Operational Highlights
- Total transformers supplied: 1,25,599 MVA capacity across 5,048 transformers as of Q2 FY27
- Manufacturing area: 3,21,451.39 sq. ft across 5 manufacturing facilities
- Installed capacity: 63,060 MVA combined capacity
- Order book: ₹3,196.97 crore as on 30th September 2026
- First order secured from United States market during the quarter
Key drivers of operational performance: Expansion into international markets, investments in higher-voltage transformer capabilities, and catering to renewable energy projects.
Financial Highlights
Revenue: Rs. 390.1 crore (Q2 FY27)
EBITDA: Rs. 59.6 crore
PAT: Rs. 32.1 crore
EPS: Rs. 4.18
Margins: Gross Profit Margin 26.6%, EBITDA Margin 15.3%, PAT Margin 8.2%
YoY comparison: Revenue grew 23.1% from ₹317.0 crore in Q2 FY26, PAT increased 28.0% from ₹25.1 crore in Q2 FY26
H1 FY27 Performance: Revenue ₹856.4 crore (35.5% YoY growth), PAT ₹79.0 crore (40.4% YoY growth)
Drivers of financial performance: Sustained demand across key end markets, despite impact from elevated commodity prices and operational disruptions from heavy rainfall.
Key Risks: Elevated commodity prices affecting margins, particularly on firm-price contracts; operational disruptions from weather conditions.
Balance Sheet Snapshot
Net Debt/Equity: Not explicitly specified
Reserves: Other Equity of ₹992.4 crore (H1 FY27)
Current Assets: ₹1,195.4 crore (H1 FY27)
Current Liabilities: ₹780.1 crore (H1 FY27)
Working Capital: Strong inventory position at ₹632.9 crore (H1 FY27)
Financial Health Insights: Healthy equity position of ₹1,007.8 crore, increased inventory reflecting work in progress for order book.
Capex & Cash Flow Health
Capital Expenditure: Capital work-in-progress of ₹68.0 crore (H1 FY27)
Free Cash Flow: Not specified
Operating Cash Flow: Not specified
Net Debt Movement: Not specified
Investment Rationale: Focus on capacity expansion through acquisition of Atlanta Trafo Limited, development of higher-voltage transformer capabilities, and dedicated inverter duty transformer facility.
Strategic & R&D Initiatives
Investments in Innovation: Developing 400 kV and 765 kV transformer capabilities; upcoming commissioning of dedicated Inverter Duty Transformer facility.
Expected impact on growth: Expansion of addressable market to include higher-voltage transmission projects and renewable energy applications.
Strategic Rationale: Strengthening competitive positioning in power transmission and distribution sector, expanding international presence, and capitalizing on renewable energy integration trends.
Industry Trends & Business Environment
Macro/Industry Trends: Investments in renewable energy integration, battery energy storage systems, and grid infrastructure development across India.
Impact on Company: Creating opportunities for transformer demand from power transmission upgrades, renewable energy projects, and grid modernization initiatives.
Management Commentary & Growth Outlook
Strategic Outlook: "We remain confident in the structural growth opportunities across India's power transmission and distribution sector, supported by investments in renewable energy integration, battery energy storage systems and grid infrastructure."
FY Guidance: Not explicitly provided, but management expects execution momentum to improve in second half of financial year with operations normalized and customer dispatches resuming.
Risks and Opportunities: Challenges from commodity prices and weather disruptions are considered temporary; robust order pipeline provides strong revenue visibility.
Additional Business Overview
- 30 years experience in transformer manufacturing
- Product range: 5 MVA/11 kV up to 500 MVA/765 kV power, auto, inverter duty, generator, and furnace transformers
- Customer base: Various state and national electricity grids, private sector players, renewable energy generation projects, and EPC companies
- Quality certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- 8 NABL accredited transformer testing labs
Acquisition Update
Atlanta Trafo Limited (100% subsidiary) acquisition adds capability to manufacture transformers up to 765/1,200 kV with 15,780 MVA capacity spread across 20,000 sq. mts. facility originally built by Baoding Tianwei Baobian Electric Co.