Jyoti Structures Q2 Revenue Jumps 60% YoY

Date: November 03, 2026

Financial Performance Summary

Quarterly Performance (Q2 FY 2026-27 vs Q2 FY 2025-26)

| Parameter | Q2 FY 2026-27 | Q2 FY 2025-26 | YoY Change |

| EBITDA Margin | 8.91% | 8.63% | ▲ 28 bps |

Half Yearly Performance (H1 FY 2026-27 vs H1 FY 2025-26)

| Parameter | H1 FY 2026-27 | H1 FY 2025-26 | YoY Change |

Performance Drivers and Operational Highlights

Revenue Growth: Driven by strong order book, improved execution capabilities, and continued operational efficiencies
Margin Expansion: EBITDA margin improved by 28 basis points due to operating efficiencies and better cost control
Investment: Company continued to invest in execution capabilities, manufacturing capacity, and digital project monitoring while maintaining margin discipline

Order Book and Business Metrics

Order Book: Stood at ₹4,219 crore as on September 30, 2026, providing revenue visibility across transmission and infrastructure segments
Order Inflow: New orders aggregating ₹2,322 crore were secured in FY 2026-27 to date
Project Execution: Projects under execution progressed with efficient deployment of manpower, equipment, and fabrication capacity
Manufacturing Capabilities: Enhanced in-house fabrication of towers and structures supporting better quality control, cost competitiveness, and delivery timelines

Company Credentials and Capabilities

Established: 1974
Transmission Lines Constructed: Over 33,000 circuit kilometres
High-voltage Substation Bays Constructed: Over 1,800, ranging from 11 kV to 765 kV
Villages Electrified: Over 37,500
Transmission Tower Manufacturing: Over 1.5 million metric tonnes
Tower Testing Capability: Over 527 towers tested up to 1,200 kV
Transmission Line Expertise: Up to 800 kV AC and HVDC systems
Substation Expertise: Turnkey substations up to 765 kV
International Experience: Project experience across more than 50 countries

Integrated Infrastructure and Technical Capabilities

Engineering, design and route optimisation of transmission lines
Manufacturing and galvanisation of transmission towers and substation structures
Full-scale prototype tower testing up to 1,200 kV
Turnkey construction of high-voltage and extra-high-voltage transmission lines
Design, construction and commissioning of substations
Rural electrification and distribution infrastructure
Execution of complex transmission projects across diverse geographical terrains

Revenue Trajectory

| Financial Year | Revenue (₹ crore) |

| FY 2022-23 | 231.07 |

| FY 2023-24 | 463.02 |

| FY 2024-25 | 504.50 |

| FY 2025-26 | 772.44 |

Management Commentary

Abdul Hameed Khan, Whole Time Director: \"The Company delivered robust growth during Q2 FY 2026-27, driven by a strong order book, improved execution capabilities and continued operational efficiencies. With a promising order pipeline, expanding business opportunities and strong growth prospects in the Transmission & Distribution (T&D) sector, the Company is well positioned to capitalise on emerging market opportunities.\"

Outlook and Strategy

Order Book Growth: Selective bidding in high-growth transmission and distribution segments to build order book visibility
Sector Tailwinds: Sustained investment in power transmission and distribution networks, renewable energy evacuation infrastructure and public capital expenditure expected to support demand
Manufacturing Capacity: Expansion of in-house manufacturing capabilities to support quality, delivery timelines and cost competitiveness
Margin Focus: Improved productivity to protect margins
Financial Discipline: Prudent working capital management, and healthy liquidity
Risk Management: Monitoring of raw material prices, interest rates and regulatory developments, with measures to manage associated risks