Company Overview

Laser Power & Infra Limited is an integrated manufacturer of power cables, conductors and specialized products for the power transmission and distribution industry in India. The company operates three integrated manufacturing units in West Bengal covering 40.39 acres with aggregate installed capacity of approximately 85,448 MT as of March 31, 2026.

Financial Performance Q2 FY27

Standalone Results

  • Revenue from Operations: ₹6,282 million (Q2 FY27) vs ₹6,150 million (Q2 FY26), up 2.1% YoY
  • Manufacturing Segment Revenue: ₹5,240 million, up 29.9% YoY
  • EPC Revenue: ₹1,042 million, down 50.7% YoY
  • EBITDA: ₹759 million with EBITDA margin of 12.1%
  • PAT: ₹306 million with PAT margin of 4.9%
  • Finance Costs: ₹325 million
  • Tax Expense: ₹103 million

H1 FY27 Standalone Results

  • Revenue from Operations: ₹11,498 million vs ₹10,691 million (H1 FY26), up 7.5% YoY
  • PAT: ₹517 million vs ₹483 million (H1 FY26), up 7.2% YoY

Consolidated Results Q2 FY27

  • PAT: ₹302 million (Q2 FY27) vs ₹318 million (Q2 FY26), down 5.1% YoY
  • Exceptional Items: None in current period vs ₹328 million in H1 FY26

Order Book Position

  • Total Order Book as of FY26 end: ₹32,434 million
  • Manufacturing Business: ₹16,689 million (excluding internal EPC orders)
  • EPC Business: ₹15,745 million (including internally sourced cables)
  • Order Book as of H1 FY27: ₹25,426 million
  • Manufacturing: ₹13,027 million
  • EPC: ₹12,398 million
  • Order Inflow Manufacturing Business: ₹21,232 million (FY26)

Operational Highlights

  • Installed capacity increased by approximately 37.8% from Fiscal 2024 to Fiscal 2026
  • Manufacturing units strategically located near Kolkata & Haldia ports
  • Certified for ISO 9001, ISO 14001, ISO 45001 standards
  • NABL accredited testing labs and R&D capabilities
  • First commercial HTLS conductor order from POWERGRID
  • First 220 kV underground transmission project from CESC

Management Commentary

Deepak Goel, Chairman and Managing Director, stated that Q2 FY27 marked an important milestone with strengthened presence in specialized high-voltage transmission. The company is progressing its proposed integrated manufacturing facility at Kharagpur to expand capacity and broaden portfolio of higher-value transmission products.

Capital Structure

  • Equity Share Capital: ₹702 million (H1 FY27) vs ₹575 million (H1 FY26)
  • Total Equity: ₹12,935 million (Standalone, H1 FY27)
  • Total Borrowings: ₹4,992 million (Current + Non-current, Standalone H1 FY27)

Share Information

  • Shares Outstanding: 14,03,68,342 as of 30th September 2026
  • Market Cap: ₹3,704 crore (BSE)
  • Free-float: 24.70%
  • Free-float market cap: ₹915 crore

Strategic Initiatives

  • Diversifying into specialty and high-performance conductors
  • Expanding into water distribution and solar EPC
  • Leveraging technology and automation through MES, ERP, Power BI systems
  • Expanding presence across India and select international markets
  • Capacity expansion and new client acquisition

Awards and Recognitions

  • Certificate for completion of Har Ghar Bijli - Saubhagya Scheme from Bihar State Power (Holding) Company Limited
  • 'Outstanding Business Commitment' award and 'Company of the Year in Manufacturing' at Dare to Dream Awards
  • Certificate of recognition from India 500 for quality and excellence
  • Excellence in Marketing and Branding award at Rail Analysis Innovation Summit
  • Appreciation for completion of high voltage distribution system project from West Bengal State Electricity Distribution Company Limited (2024)

#Tags: #LaserPower #Q2FY27Results #SEBIRegulation30 #PowerTransmission #FinancialUpdate #Neutral