Disclosure Context

Powerica Limited submitted an investor presentation to BSE Limited (Scrip Code: 544744) and National Stock Exchange of India Limited (Symbol: POWERICA) on May 28, 2026, pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The presentation covers Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026.

Management Commentary

Bharat Oberoi, Chairman and Managing Director, stated that FY26 represented the company's highest-ever annual performance with revenues crossing ₹3,000 crore for the first time. He noted that geopolitical uncertainties, rising energy prices, and supply chain pressures are beginning to weigh on near-term demand, especially from Q1FY27 onwards. However, the company remains well positioned to navigate these challenges and is targeting double-digit topline growth in FY27, supported by structural megatrends including increasing electrification, renewable integration, EV ecosystem expansion, and data center investments.

Financial Performance - Quarterly (Q4 FY26)

  • Revenue from Operations: ₹801.15 crore (10.9% YoY growth from ₹722.19 crore in Q4FY25)
  • Gross Profit: ₹246.05 crore (26.5% YoY growth) with margin of 30.7% (vs 26.9% in Q4FY25)
  • EBITDA before share of associates: ₹84.07 crore (23.9% YoY growth) with margin of 10.5% (vs 9.4%)
  • Reported EBITDA: ₹86.22 crore (20.2% YoY growth) with margin of 10.8% (vs 9.9%)
  • PAT: ₹45.11 crore (20.4% YoY growth) with margin of 5.6% (vs 5.2%)
  • EPS (Basic & Diluted): ₹3.82 (vs ₹3.39 in Q4FY25)

Financial Performance - Annual (FY26)

  • Revenue from Operations: ₹3,011.52 crore (13.5% YoY growth from ₹2,653.27 crore in FY25)
  • Gross Profit: ₹1,046.24 crore (24.7% YoY growth) with margin of 34.7% (vs 31.6% in FY25)
  • EBITDA before share of associates: ₹375.80 crore (11.7% YoY growth) with margin of 12.5% (vs 12.7%)
  • Reported EBITDA: ₹386.32 crore (11.8% YoY growth) with margin of 12.8% (vs 13.0%)
  • PAT: ₹277.31 crore (61.0% YoY growth) with margin of 9.2% (vs 6.5%)
  • EPS (Basic & Diluted): ₹24.40 (vs ₹14.93 in FY25)
  • Lower tax expense in FY26 due to deferred tax credit of ₹51.03 crore on account of adoption of new tax regime

Segmental Performance

  • Generator Set Business: Contributed 83.1% of total revenues in FY26, registering 10.9% YoY growth with EBITDA margin of 9.1%
  • Wind Power Business: Contributed 16.9% of total revenues in FY26, registering 28.6% YoY growth with EBITDA margin of 31.3%

Balance Sheet Highlights (FY26 vs FY25)

  • Property, Plant and Equipment: ₹1,183.00 crore (vs ₹839.93 crore)
  • Capital Work-in-Progress: ₹179.28 crore (vs ₹352.23 crore)
  • Investments: ₹403.38 crore (₹167.18 crore non-current + ₹236.20 crore current) (vs ₹395.09 crore)
  • Inventories: ₹321.04 crore (vs ₹206.85 crore)
  • Trade Receivables: ₹338.67 crore (vs ₹399.26 crore)
  • Cash and Cash Equivalents: ₹80.92 crore (vs ₹21.40 crore)
  • Other Bank Balances: ₹880.13 crore (vs ₹21.68 crore)
  • Total Assets: ₹3,931.20 crore (vs ₹2,414.83 crore)
  • Borrowings: ₹558.28 crore (₹488.17 crore non-current + ₹70.11 crore current) (vs ₹300.80 crore)
  • Total Equity: ₹2,006.86 crore (vs ₹1,093.76 crore)

Cash Flow Statement (FY26 vs FY25)

  • Net cash generated from operating activities: ₹452.88 crore (vs ₹248.64 crore)
  • Net cash used in investing activities: ₹(1,394.10) crore (vs ₹(336.75) crore)
  • Net cash from financing activities: ₹1,000.74 crore (vs ₹84.34 crore)
  • Net decrease in cash and cash equivalents: ₹59.52 crore (vs ₹(3.77) crore)

IPO Details

  • Successfully listed on NSE and BSE in April 2026
  • Total IPO proceeds: ₹1,100 crore (₹700 crore primary issuance + ₹400 crore offer for sale)
  • Net proceeds: ₹662 crore
  • Utilization: ₹525 crore for prepayment/repayment of outstanding borrowings; ₹137 crore for general corporate purposes
  • Following IPO, company repaid ₹525 crore of borrowings in Q1FY27 and holds cash & investments close to ₹450 crore as on May 26, 2026

Business Overview

Generator Set Business

  • Diesel Generator Sets powered by Cummins Engines (7.5 KVA - 3,750 KVA)
  • Medium Speed Large Generators (3,000KVA - 10,000 KVA Single Unit) in association with Hyundai
  • 63 MW prime power project for NPCIL amounting to ₹283.56 crore and USD 52.41 million
  • 10 MW emergency diesel generator installation at fertilizer plant in Australia
  • 19 sales/marketing offices with 122 sales & marketing team members and 40 authorized dealers

Wind Power Business

  • IPP Portfolio: 12 operational projects aggregating to 330.85MW with tariff range of ₹2.4 - 4.19/kWh
  • Pipeline: 50.00MW under construction @ ₹3.81/kWh; 250MW pipeline; won 100MW of GUVNL project
  • EPC for BoP: Completed EPC for 12 projects with aggregate capacity of 450.40 MW; providing O&M at 10 wind power projects (296.50 MW)
  • Received letter of award for BoP works of additional 150 MW project

Allied Businesses

  • EMI Shelters and MIL DG Sets for Defense Applications with in-house design and manufacturing facilities
  • Schneider PRISMA control panels and switchboards as EcoXpert LV Panel Partner
  • RECD business through associate company Platino Automotive Private Limited

Manufacturing Facilities

Located at Bengaluru, Silvassa, and Khopoli with land parcel available at Khopoli plant for future expansion

Strategic Partnerships

  • Cummins India Limited: Leading engine manufacturer
  • Hyundai Heavy Industries: Expanded product range and geographical reach
  • GE Vernova: 3 projects commissioned (153.90MW); JDA to develop & own RE projects in India
  • Vestas Wind Technology: 8 projects implemented (172.15 MW); agreement for WTG spare parts
  • Schneider Electric: Manufacture and service PRISMA control panels

Board of Directors

  • Bharat Oberoi: Chairman and Managing Director (30+ years experience)
  • Pradeep Omprakash Gupta: Whole-Time Director (34+ years experience)
  • Renu Naresh Oberoi: Whole-Time Director (12+ years experience)
  • Jai Ram Oberoi: Whole-Time Director
  • Udaya Shankar Jena: Independent Director
  • Sowmya Chaturvedi: Independent Director
  • Sunil Godwin Lobo: Independent Director
  • Tapan Ray: Independent Director
  • Rabindra Nath Nayak: Additional Director (Independent)

Growth Strategies

  • Capitalize on continued demand for generator sets driven by power demand, grid instability, and EV infrastructure expansion
  • Evaluate expansion opportunities in renewable energy projects
  • Leverage strong partnerships with industry leaders
  • Continue developing Wind Power Business & diversify into Solar Hybrid Projects
  • Expand Allied & RECD Business through associate Platino Automotive Private Limited
  • Expand manufacturing facilities and presence in defense sector