Financial Results Highlights

The unaudited consolidated financial results for Q1 FY27 show:

  • Total Income: ₹5,000.84 lakhs
  • Profit Before Tax (PBT): ₹738.59 lakhs
  • Profit After Tax (PAT): ₹592.94 lakhs

Comparative figures:

  • Q4 FY26 (Mar'26): Total Income ₹9,265.39 lakhs, PBT ₹1,855.42 lakhs, PAT ₹2,261.53 lakhs
  • Q1 FY26 (Jun'25): Total Income ₹4,801.73 lakhs, PBT ₹803.11 lakhs, PAT ₹803.11 lakhs
  • Full Year FY26: Total Income ₹24,746.75 lakhs, PBT ₹4,226.40 lakhs, PAT ₹4,632.51 lakhs

Operational Performance and Challenges

The quarter's profitability was impacted by external factors. Global supply disruptions arising from conflict in the Middle East affected transformer oil availability during April 2026, with supplies normalizing through May. This disruption, coupled with a sharp increase in the cost of transformer oil and other key inputs including copper, temporarily affected dispatches and impacted margins on certain firm-price orders executed during this period.

Strategic Business Updates

Order Book Composition: The company maintains a healthy and growing order book diversified across:

  • EHV transformers (132kV and 220kV class)
  • Renewable application transformers (Inverter Duty Transformers and WTG transformers)
  • Medium power transformers
  • Export orders from the United States

Segment Highlights:

  • Renewable energy projects now account for more than 50% of current orders
  • Recent empanelment/approval from NTPC Renewable Energy Limited
  • Recent PGCIL approval strengthening position in 132kV/220kV segment
  • First export orders from United States (~USD 5 million) at significantly higher-than-domestic margins

Capacity and Capabilities:

  • Only EHV transformer manufacturer in Eastern India, including North Eastern Region
  • Installed capacity of 12,000 MVA
  • 70 years of manufacturing legacy
  • 45,000 sq.m. manufacturing facility in Maheshtala, Kolkata
  • Capacity expansion underway to manufacture 500 MVA transformers in the 400kV class

Company History and Turnaround

The company references its turnaround since completing the NCLT resolution process in January 2022, since when it has steadily scaled operations.

Repair Offer Details

The document includes a repair offer to WBSETCL for a Marsons make 630 kVA, 33/0.415 kV Station Service Transformer (Year of Manufacture: 2008, Serial No: 82078) received at factory premises on February 16, 2023. The offer references Joint Inspection Memo No. M/3743/Repair/004/2023 dated April 11, 2023, and includes detailed line items with quoted prices for various repair activities totaling ₹127,500.

Outlook and Forward-looking Statements

The company remains confident of sustaining growth momentum through FY27, supported by its healthy and diversified order pipeline. The document includes standard forward-looking statement disclaimers regarding risks and uncertainties.