Financial Performance (Consolidated)

Q2FY27 Performance (₹ Crores)

  • Revenue from Operations: ₹77.14 (vs. ₹70.27 in Q2FY26, +9.78% YoY)
  • EBITDA: ₹9.52 (vs. ₹6.57 in Q2FY26, +44.76% YoY)
  • EBITDA Margin: 12.34% (vs. 9.36% in Q2FY26)
  • Profit After Tax: ₹6.21 (vs. ₹4.74 in Q2FY26, +31.91% YoY)
  • PAT Margin: 8.06% (vs. 6.71% in Q2FY26)
  • EPS: ₹2.80 (vs. ₹2.66 in Q2FY26)

H1FY27 Performance (₹ Crores)

  • Revenue from Operations: ₹126.04 (vs. ₹111.58 in H1FY26, +12.96% YoY)
  • EBITDA: ₹14.53 (vs. ₹10.64 in H1FY26, +36.58% YoY)
  • EBITDA Margin: 11.54% (vs. 9.53% in H1FY26)
  • Profit After Tax: ₹9.26 (vs. ₹7.32 in H1FY26, +26.36% YoY)
  • PAT Margin: 7.35% (vs. 6.57% in H1FY26)
  • EPS: ₹4.17 (vs. ₹4.16 in H1FY26)

Standalone Financial Highlights

Standalone performance also showed growth driven by execution across segments, backward integration, and operational efficiency improvements.

Operational Metrics and Business Overview

  • Experience: Five decades of electrical EPC execution since 1975
  • Projects: 310+ projects delivered pan-India
  • Client Base: 100+ clients across utilities, airports, PSUs, defense, and private industry
  • Specializations: 35+ airport projects completed, 1,00,000+ BPL households electrified, 20,000+ km of HT/LT lines installed
  • Business Segments: Power Distribution & Utilities, Infrastructure, Critical & Institutional Facilities, Renewable Energy, Industrial, and Telecom

Order Book and Pipeline

  • Order Book: ₹320+ Crores as of September 30, 2026
  • Active Bid Pipeline: ₹500+ Crores
  • Execution Timeline: Orders executable over next 12-15 months

Strategic Developments

  • Backward Integration: Stake in subsidiary Peaton Electrical (PECL) raised to 60% in March 2026
  • Value Chain Movement: Entry into 400 kV EHV segment for larger-ticket transmission opportunities
  • Manufacturing Capability: PECL provides in-house supply of panels, busducts, and compact substations

Management Commentary

Mr. Padmaraj Padmanabhan Pillai, Chairman & Managing Director, commented:

  • Revenue growth attributable to execution and diversification across different segments
  • FY27 Outlook: Targeting 30% revenue growth with margin expansion driven by backward integration
  • Order visibility remains strong with active bid pipeline of ₹500+ Cr

Industry Outlook

Company positioned to benefit from:

  • RDSS (Revamped Distribution Sector Scheme) with ₹3.04 lakh crore outlay
  • Record peak power demand and DISCOM reforms driving substation and HT/LT network spending
  • India's airport and renewables build-out sustaining demand for electrical infrastructure

Capital Structure

Consolidated Balance Sheet (Sep-26 vs Mar-26, ₹ Crores)

  • Total Assets: ₹286.22 (vs. ₹260.98)
  • Equity Share Capital: ₹21.17 (unchanged)
  • Total Equity: ₹176.23 (vs. ₹167.35)
  • Long-term Borrowings: ₹5.35 (vs. ₹11.63)
  • Short-term Borrowings: ₹31.21 (vs. ₹20.66)
  • Trade Payables: ₹46.71 (vs. ₹42.17)
  • Cash & Cash Equivalents: ₹1.11 (vs. ₹3.77)