Powerica Q1 Revenue Up 27% YoY

Q1 FY27 (Quarter ended June 30, 2026) Financial Highlights:

Revenue From Operations: ₹780.1 Crores (vs. ₹615.9 Crores in Q1 FY26, +26.70% YoY)
Gross Profit: ₹261.3 Crores (vs. ₹226.9 Crores in Q1 FY26, +15.20% YoY)
Gross Margin: 33.50% (vs. 36.80% in Q1 FY26, -330 bps YoY)
Reported EBITDA: ₹106.3 Crores (vs. ₹88.4 Crores in Q1 FY26, +20.40% YoY)
EBITDA Margin: 13.60% (vs. 14.30% in Q1 FY26, -70 bps YoY)
PAT: ₹64.3 Crores (vs. ₹50.7 Crores in Q1 FY26, +27.30% YoY)
PAT Margin: 8.30% (vs. 8.20% in Q1 FY26, +10 bps YoY)

Full Year FY26 Reference:

Segment Revenue Contribution (Q1FY27 vs Q1FY26):

Generator Set Segment: 81.4% (vs. 81.7%)
DG Sets powered by Cummins Engines: 72.0% (vs. 67.8%)
MSLG in association with Hyundai: 0.4% (vs. 3.1%)
Allied Business: 9.0% (vs. 10.8%)
Wind Power Segment: 18.6% (vs. 18.3%)
IPP Business: 11.5% (vs. 11.0%)
EPC and O&M for BoP Business: 7.1% (vs. 7.3%)

Segmental EBITDA Margin (Q1FY27 vs Q1FY26):

Wind Power Project Developments:

Executed Power Purchase Agreement (PPA) for 100MW Wind Project from GUVNL at tariff of ₹3.435 per kWh for 25 years
Secured 100MW Wind Project bid from SECI's Wind Power Tender at discovered tariff of ₹3.85 per unit (LOA received)
Secured 50MW Wind Project bid from GUVNL's Wind Power Tender at discovered tariff of ₹3.51 per unit (LOA awaited)
Signed agreement with GE Vernova to supply 28 units of 3.8 MW–154m onshore wind turbines for 100 MW Botad Wind Farm project in Gujarat

Corporate Developments:

(Both established for development and construction of renewable power projects)

Received board approval for investment of ₹3 Crore in Fuji-Kailash Energy Private Limited representing up to 49% of equity share capital

Order book for DG Sets powered by Cummins: approximately ₹1,700 crores
Within Cummins-powered DG Sets, Data centre order book: approximately ₹900 crores

Mr. Bharat Oberoi, Chairman and Managing Director commented:

Q1 performance showed revenue growth of 26.7% YoY and PAT growth of 27.3% YoY
MSLG business execution impacted by temporary logistical challenges in transporting and installing large engine sets
Pending MSLG installations expected to be completed in subsequent quarters
Wind Power margin improvement due to seasonality impact and addition of 51.3 MW in February 2026
H1 FY27 expected to remain relatively subdued due to commodity price inflation pressure on margins
Margin pressures expected to gradually ease as price revisions take effect
Company committed to delivering double-digit revenue growth in FY27
Strong order book visibility: DG Set order book (Cummins-powered) at ~₹1,700 crore with data center orders at ~₹900 crore
Wind IPP portfolio visibility: Existing portfolio of 330.85 MW with clear path to 638.35 MW including under-construction projects and pipeline

Powerica Limited is an integrated power solutions provider specializing in:

1. Diesel generator sets (DG sets) for primary and standby applications

2. Wind Power business as Independent Power Producer (IPP)

3. EPC including O&M for Balance of plant

Generator Set Business:

Capacity range: 7.5 kVA to 10,000 kVA
OEM relationship with Cummins for over four decades
MSLG segment collaboration with HD Hyundai Heavy Industries Co., Limited (non-exclusive basis)

Wind Power Business:

Operational Wind Power Project portfolio: 12 projects with long-term, fixed-tariff PPAs with GUVNL and SECI (25-year terms)
EPC for BoP experience: 12 wind power projects with aggregate installed capacity of 450.40 MW
O&M services for BoP: 10 wind power projects with aggregate installed capacity of 296.50 MW