Financial Results (Quarter Ended September 30, 2026)

Standalone Financials (₹ Crores):

  • Revenue from Operations: ₹764.99 (Q2 FY27) vs ₹664.65 (Q2 FY26) - 15.1% growth
  • Other Income: ₹7.29 (Q2 FY27) vs ₹5.43 (Q2 FY26)
  • Total Income: ₹772.28 (Q2 FY27) vs ₹670.08 (Q2 FY26)
  • Profit Before Tax: ₹88.83 (Q2 FY27) vs ₹53.19 (Q2 FY26) - 67.0% growth
  • Profit After Tax: ₹64.49 (Q2 FY27) vs ₹36.31 (Q2 FY26) - 77.6% growth
  • EPS (Basic & Diluted): ₹5.06 vs ₹3.27 (not annualized)

Consolidated Financials (₹ Crores):

  • Revenue from Operations: ₹847.60 (Q2 FY27) vs ₹831.55 (Q2 FY26) - 1.9% growth
  • Profit Before Tax: ₹96.40 (Q2 FY27) vs ₹104.57 (Q2 FY26) - 7.8% decline
  • Profit After Tax: ₹70.92 (Q2 FY27) vs ₹83.96 (Q2 FY26) - 15.5% decline
  • PAT attributable to owners: ₹69.79 (Q2 FY27) vs ₹79.71 (Q2 FY26)
  • EPS (Basic & Diluted): ₹5.49 vs ₹7.26 (not annualized)

Half-Yearly Performance (H1 FY27, ₹ Crores):

  • Standalone PAT: ₹124.44 (H1 FY27) vs ₹78.00 (H1 FY26) - 59.5% growth
  • Consolidated PAT: ₹135.35 (H1 FY27) vs ₹134.55 (H1 FY26) - 0.6% growth
  • Consolidated PAT attributable to owners: ₹132.86 (H1 FY27) vs ₹128.93 (H1 FY26)

Subsidiary Stake Sale

The Board approved the sale of 1,22,500 equity shares (49% stake) of Windstride Power Private Limited, a wholly-owned subsidiary, to GE Renewable R&D India Private Limited for ₹2,11,54,525 (₹2.12 crore). Post-transaction, Powerica's holding in Windstride will reduce from 100% to 51%, and Windstride will cease to be a wholly-owned subsidiary but will remain a subsidiary. The transaction is expected to be completed within 6 months and is considered a related party transaction conducted at arm's length.

IPO Fund Utilization

As of September 30, 2026, the company utilized:

  • ₹525.00 crore for debt repayment (fully utilized as per object)
  • ₹29.30 crore for general corporate purposes (against ₹136.51 crore allocated)
  • ₹31.37 crore for issue-related expenses (against ₹38.49 crore allocated)

Unutilized amount of ₹107.21 crore is temporarily invested in fixed deposits, with ₹0.01 crore in the monitoring account. Crisil Ratings Limited is the monitoring agency. No deviation or variation in fund utilization was reported.

Other Board Approvals

1. Postal Ballot Notice: For shareholder approval to grant loans to Windstride Power Private Limited

2. Policy Amendments:

  • Amendment to Policy on Code of Conduct for Insider Trading
  • Amendment to Policy on Fair Disclosure of Unpublished Price Sensitive Information
  • Both policies will be available on the company website

3. Authorization of Key Managerial Personnel: Mr. Jai Ram Oberoi (Whole-time Director), Mr. Ritesh Kumar Agrawal (Group CFO), and Ms. Anita Renuse (Company Secretary & Compliance Officer) were authorized for making disclosures and filings with stock exchanges.

Additional Information

The Board meeting commenced at 5:30 PM and concluded at 6:30 PM. The limited review reports were issued by Kapoor & Parekh Associates, Chartered Accountants. The company was listed in April 2026 following its IPO, making quarterly financial reporting requirements applicable from the quarter ended December 31, 2025.