Powerica Limited – Investor Presentation Summary

Key Operational Highlights

  • Q1 FY27 revenue of ₹780.1 crore, representing 26.7% YoY growth
  • DG Set business grew by 26.2% YoY to ₹635.2 crore despite marginal contribution from MSLG revenues
  • Wind Power Business grew by 28.8% YoY to ₹145.0 crore primarily due to installation of additional 51.3 MW in Feb-26
  • Data Center business contributed 20% of total Generator set business revenue in Q1FY27
  • Current operational wind power portfolio of 330.85 MW across 12 projects
  • DG Set order book as of 31st July 2026 stood at approximately ₹1,700 crore, with data centre-related orders close to ₹900 crore

Key drivers of operational performance: Strong order book in DG sets, addition of 51.3 MW wind capacity in February 2026, diversified customer base across commercial, manufacturing, infrastructure, and data centre segments

Segment-wise Performance

  • Generator Set Business Division: Revenue ₹635.2 crore (81.4% of total), EBITDA margin 5.6%
  • Wind Power Business Division: Revenue ₹145.0 crore (18.6% of total), EBITDA margin 48.6%
  • MSLG business execution impacted by temporary logistical challenges in transporting and installing large engine sets

Explanation of significant changes in segment performance: Wind power margin improvement due to seasonality impact and additional capacity; DG set growth driven by strong market demand despite MSLG challenges

Financial Highlights

Revenue: ₹780.1 crore

EBITDA: ₹106.3 crore

PAT: ₹64.3 crore

EPS: Not Specified

Margins: Gross margin 33.5%, EBITDA margin 13.6%, PAT margin 8.3%

YoY/QoQ comparison: Revenue growth 26.7% YoY, EBITDA growth 20.4% YoY, PAT growth 27.3% YoY

Drivers of financial performance: Revenue growth across both segments, lower finance cost following IPO repayment of borrowings, higher other income

Comparison to market estimates: Not Specified

Key Risks: Commodity price inflation putting pressure on margins, lag in passing on input costs to diverse client base

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Not Specified

Balance Sheet Snapshot

Net Debt/Equity: Net cash of ₹193 crore as of Jun-26

Reserves: Not Specified

Current Assets/Liabilities: Not Specified

Working Capital/Leverage Metrics: Not Specified

Financial Health Insights: Strong cash position following IPO, reduced borrowings, improved liquidity

Capex & Cash Flow Health

Capital Expenditure: Not Specified for current period

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Significant reduction following IPO proceeds utilization for debt repayment

Investment Rationale: Focus on wind power expansion, capacity enhancement in defense and allied businesses

Strategic & R&D Initiatives

Investments in Innovation: Expansion in wind power with visibility to reach 638.35 MW IPP portfolio; development of RECD technology through associate company Platino Automotive; capacity expansion plans for defense applications

Expected impact on growth: Wind power expansion to significantly increase renewable energy contribution; data centre orders (~₹900 crore) to drive future DG set growth

Strategic Rationale: Leveraging strong partnerships with industry leaders (Cummins, Hyundai, GE Vernova, Vestas, Schneider Electric); diversifying into high-growth renewable energy markets; expanding defense sector presence

Industry Trends & Business Environment

Macro/Industry Trends: Growing power demand in India; grid instability driving backup power needs; data centre power demand projected to grow from 1.4 GW in FY2025 to 4.7 GW in FY2030E (27.41% CAGR); EV charging infrastructure to grow from 3.6GW to 10.8GW (24.6% CAGR)

Impact on Company: Strong demand for DG sets across manufacturing, commercial, data centre, and infrastructure sectors; significant opportunity in data centre ecosystem; renewable energy expansion supported by favorable policy environment

Management Commentary & Growth Outlook

Strategic Outlook: Expect H1 FY27 to remain relatively subdued due to commodity price inflation pressure on margins; expect margin pressures to gradually ease as price revisions take effect; long-term growth outlook remains intact

FY Guidance: Commitment to delivering double-digit revenue growth in FY27

Market Share Targets: Not Specified

Risks and Opportunities: Near-term margin challenges due to input cost inflation; strong order book provides visibility; wind power expansion pipeline supports long-term growth

Additional Headings

Manufacturing Facilities
  • Bengaluru: 50,585 sq. m land, 8,956 DG sets annual capacity
  • Silvassa: 39,395 sq. m land, 1,320 DG sets and 3,000 PRISMA panels annual capacity
  • Khopoli: 85,570 sq. m land, 50 EMI-EMC/MIL DG, 110 EMI-EMC Shelter & Containers, 1,800 Canopies annual capacity
IPO Proceeds Utilization
  • Primary Issuance: ₹700 crore; Offer for Sale: ₹400 crore
  • Net Proceeds: ₹662 crore
  • Utilization: ₹525 crore for prepayment/repayment of outstanding borrowings; ₹137 crore for general corporate purposes