Summary of Key Information:

Reporting Period: Quarter ended September 30, 2026 and half year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Clean opinion - Limited Review Report issued by M/s. S. R. Batliboi & Associates LLP confirmed no material misstatements

Key Financial Highlights [Amount in Rs Crores]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹2,996.51 (QoQ: +20.2% from ₹2,493.69; YoY: +63.5% from ₹1,832.55)
  • Total Income: ₹3,053.34
  • Profit Before Tax: ₹430.40 (QoQ: +10.5% from ₹389.51; YoY: +22.0% from ₹352.91)
  • Profit After Tax: ₹318.49 (QoQ: +8.3% from ₹294.15; YoY: +20.5% from ₹264.36)
  • EPS: ₹71.46 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,490.20 (YoY: +65.8% from ₹3,311.45)
  • Total Income: ₹5,604.77
  • Profit Before Tax: ₹819.91 (YoY: +54.8% from ₹529.79)
  • Profit After Tax: ₹612.64 (YoY: +54.7% from ₹395.96)
  • EPS: ₹137.45 (Basic and Diluted)

Balance Sheet Position as at September 30, 2026:

  • Paid-up Equity Share Capital: ₹8.92 crore (Face value: ₹2 per share)
  • Other Equity: ₹5,746.67 crore
  • Cash and Cash Equivalents: ₹4,472.66 crore
  • Total Assets: ₹14,126.52 crore
  • Total Debt: Not Specified

Operational Performance Metrics:

  • Operational EBITDA Q2 FY27: ₹494.4 crore (YoY: +69.5%)
  • Operational EBITDA Margin: 16.5% (vs 15.9% in Q2 FY26)
  • Order Backlog: ₹33,335.4 crore (record high)

Segment-wise Performance:

The Company operates as one segment "Power Grids" as the Chief Operating Decision Maker reviews business performance at overall company level. Segment-wise disclosure as per Ind AS 108 is not applicable.

Corporate Actions:

Not Specified

Other Significant Information:

Orders Performance:

  • Q2 FY27 Orders: ₹4,120.8 crore (YoY: +85.9%)
  • H1 FY27 Orders: ₹9,217.3 crore
  • Export orders grew 41% YoY in Q2 and 184% in H1
  • Service business grew 77% YoY in Q2
  • Major orders from transmission utilities for power transformers, STATCOM, AIS & GIS

Market Context:

  • India's electricity generation in Q2 FY27: 536 BU (up 11% YoY)
  • Peak demand met: 270 GW (up 18% from 230 GW in Q2 FY26)
  • Over 3,000 circuit km of high-voltage transmission lines added during July-September 2026

Sustainability:

  • ESG rating improved from 61 (FY2024-25) to 69 (FY2025-26) in CRISIL Sustainability ESG Rating

Outlook:

  • Positive market outlook with electricity demand expected to surpass overall energy demand by 2035
  • Focus on grid modernization, flexibility, and resilience technologies
  • PM-DHARA scheme supporting energy transition with focus on Battery Energy Storage Systems