Date: August 05, 2026

Financial Results (Consolidated)

The unaudited consolidated financial results for Q1 FY2027 (Quarter ended June 30, 2026) show:

  • Revenue from operations: ₹5,554 Million, representing a 51.3% increase Year-over-Year (YoY).
  • EBITDA: ₹861 Million, a 7.5% increase YoY, with a margin of 15.5%.
  • Profit After Tax (PAT): ₹625 Million, a 14.3% increase YoY, with a margin of 11.3%.

Financial Results (Standalone)

The unaudited standalone financial results for Q1 FY2027 show:

  • Revenue from operations: ₹2,642 Million, a decrease of 22.2% YoY from Q1 FY2026 (₹3,397 Mn) and a decrease of 45.7% Quarter-over-Quarter (QoQ) from Q4 FY2026 (₹4,870 Mn).
  • Gross profit: ₹865 Million, a decrease of 14.1% YoY.
  • Employee expenses: ₹250 Million, an increase of 60.7% YoY.
  • Other expenses: ₹120 Million, a decrease of 0.9% YoY.
  • EBITDA: ₹494 Million, a decrease of 32.2% YoY.
  • Depreciation & amortisation: ₹32 Million, an increase of 193.7% YoY.
  • Finance costs: ₹79 Million, a decrease of 11.0% YoY.
  • Other income: ₹189 Million.
  • Profit Before Tax (PBT): ₹572 Million, a decrease of 16.9% YoY.
  • Taxes: ₹147 Million, a decrease of 17.6% YoY.
  • Profit After Tax (PAT): ₹425 Million, a decrease of 16.7% YoY but an increase of 4.7% QoQ.
  • Gross standalone revenue (before intercompany eliminations) was ₹5,151 Million. After eliminating inter-company sales of ₹2,509 million, standalone revenue from operations was ₹2,642 million. This adjusted standalone revenue (before eliminations) increased by 52% YoY.

Order Book Update

New Orders in Q1 FY2027

  • The company secured 3 new orders worth ₹16,766 Million across Energy and ICT segments.

Energy Order Book (as of June 30, 2026)

The total Energy order book stands at ₹84,530 Million, diversified across various projects:

BOO (Build-Own-Operate) Projects (₹40,740 Mn):

  • MSEDCL: Standalone BESS (0.80 GWh) - ₹8,990 Mn
  • SECI: Solar + BESS (0.10 GWh) - ₹7,000 Mn
  • KPTCL: Standalone BESS (0.50 GWh) - ₹7,000 Mn
  • KREDL: Solar + BESS (1.10 GWh) - ₹17,750 Mn

EPC (Engineering, Procurement, Construction) Projects (₹43,667 Mn):

  • SECI: Standalone BESS EPC (1.20 GWh) - ₹11,593 Mn
  • MAHAGENCO: Solar EPC - ₹9,200 Mn
  • NLC India: Standalone BESS EPC (0.50 GWh) - ₹7,099 Mn
  • DVC: Standalone BESS EPC (0.50 GWh) - ₹7,020 Mn
  • NTPC: Standalone BESS EPC (0.40 GWh) - ₹5,836 Mn
  • Bondada: Solar BOS EPC - ₹2,920 Mn

Supply Order:

  • Yaqin Chem: Standalone BESS Supply (0.0037 GWh) - ₹123 Mn

Telecom & ICT Order Book (as of June 30, 2026)

The total Telecom order book stands at ₹23,503 Million:

EPC + O&M (₹20,691 Mn):

  • RNS TANFINET: Telecom Infra OFC Network EPC + O&M - ₹1,149 Mn
  • RNS TANFINET: OFC Network EPC + O&M - ₹444 Mn
  • RNS TANFINET: OFC Network EPC + O&M - ₹15,703 Mn
  • BSNL: OFC Network EPC - ₹2,647 Mn
  • Railtel: ICT EPC - ₹515 Mn
  • Indian Railways: Railway Kavach EPC - ₹226 Mn

Supply (₹2,389 Mn):

  • BSNL: Power Management Supply - ₹389 Mn
  • Reliance: Power Management Supply - ₹1,200 Mn
  • BSNL: Power Management Supply - ₹800 Mn

O&M (₹1,923 Mn):

  • Tata Teleservices: Telecom O&M - ₹1,923 Mn

Others (₹101 Mn)

Operational Performance

BESS Commissioning

  • 375 MWh of BESS Capacity was commissioned at the MSEDCL Standalone BESS BOO Project in Q1 FY27, bringing the cumulative total to 975 MWh. Execution is reported to be ahead of completion targets.
  • O&M support for this project includes Centralized C-NOC monitoring, specialized mobile service vehicles, 24x7 field support, rapid response deployment, and scheduled preventive maintenance.

New Project Execution

Energy Projects:

  • SECI (Solar + BESS BOO): 100 MW Solar + 50 MW/100 MWh BESS. PPA executed. Engineering and major project layouts completed. Site development and civil works are progressing.
  • KPTCL (Standalone BESS BOO): 250 MW / 500 MWh. BESPA executed. Land allotted and layouts approved. Civil works, including foundations, have commenced.
  • Bondada (Solar EPC): 300 MW. Land identified. Technical feasibility report completed; awaiting grid connectivity.
  • MAHAGENCO (Solar EPC): 200 MW. Preliminary engineering work completed. Sourcing of solar panels underway.

Telecom & ICT Projects:

  • BSNL BharatNet and Indian Railways Kavach projects are under the survey phase.

Manufacturing

  • 90 BESS containers were delivered in Q1 FY27.
  • An additional 2.5 GWh BESS production line is now operational.
  • A container fabrication facility is nearing completion.

Corporate Development

  • Capacity Expansion: BESS manufacturing capacity is being scaled from 2.5 GWh to 5 GWh and a plan to 10 GWh.
  • Innovation & R&D: Established an R&D facility in Pune focused on Advanced Chemistry Cell (ACC) research, in collaboration with IISER Pune.
  • Cell Supply: Signed a 3 GWh lithium-ion cell supply agreement with RJE Tech.
  • New Business Segment: Partnered with Megmeet to enter the AI data center power infrastructure segment.
  • Global Expansion: Signed an OEM partnership with NEC XON to market grid-scale BESS solutions across five African countries.
  • Market Development: Signed three Memoranda of Understanding (MoUs) for the supply of BESS.

Strategy Going Forward

1. Manufacturing Scale & Integration: Expand BESS manufacturing to 10 GWh, backward integrate container fabrication, develop indigenous cell manufacturing, and enhance integrated delivery capabilities.

2. Renewable Energy Platform: Create an asset-holding and project development company for renewable projects and strengthen AI data center power infrastructure.

3. Telecom Business Expansion: Enhance execution scale and increase participation in telecom EPC opportunities.

4. International Market Presence: Expand presence in Saudi Arabia, Kenya, and other African markets for telecom and BESS solutions.

Other Operational / Strategic Disclosures

  • The company's registered office is at Plot No. V-12, Industrial Estate, Kumbalgodu, Mysore Highway, Bangalore - 560 074.

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified