Key Quantitative Figures
Standalone Financial Results (Q1 FY27):
- Total Income: ₹693.15 million
- Total Expenses: ₹359.53 million
- Profit Before Tax: ₹333.62 million
- Tax Expense: ₹87.97 million (Current tax: ₹82.20 million, Deferred tax: ₹5.77 million)
- Profit After Tax: ₹245.65 million
- EPS (Basic & Diluted): ₹3.17 (not annualized)
- Paid-up Share Capital: ₹774.44 million (77,444,100 shares of ₹10 face value)
Consolidated Financial Results (Q1 FY27):
- Revenue from Operations: ₹2,326.65 million
- Other Income: ₹237.14 million
- Total Income: ₹2,563.79 million
- Total Expenses: ₹1,969.57 million
- Profit Before Tax: ₹594.22 million
- Tax Expense: ₹137.94 million (Current tax: ₹123.05 million, Deferred tax: ₹14.89 million)
- Share of Profit from Associates: ₹10.96 million
- Profit After Tax: ₹467.24 million
- EPS (Basic & Diluted): ₹4.66 (not annualized)
- Profit Attributable to Owners: ₹361.13 million
- Profit Attributable to Non-Controlling Interest: ₹106.11 million
Order Book Position: Approximately ₹1,900 crore
Dividend Declaration: Interim dividend of ₹0.25 per equity share (2.5% of face value of ₹10)
Dates of Action
- Board Meeting: 9th August 2026 (commenced at 08:35 AM, concluded at 09:40 AM)
- Record Date for Dividend: 14th August 2026
- New CTO Appointment Effective: 17th August 2026
Parties Involved
- Statutory Auditors: M/s. Kishor Gujar & Associates, Chartered Accountants (Firm Registration No. 116747W)
- Merchant Bankers for Fundraising: Pantomath Capital Advisors Pvt Ltd and Motilal Oswal Financial Services Ltd
- Acquisition Target: Winwin Speciality Insulators Limited
- New Appointee: Mr. C. M. Shylendra Kumar as Chief Technology Officer
Subsidiaries and Associates Included in Consolidation
- Quality Power Engineering Projects Private Limited (98% Subsidiary)
- Mehru Electrical & Mechanical Engineers Pvt. Ltd. (51% Subsidiary, acquired 6th March 2025)
- S&S Transformers and Accessories Private Limited (100% Subsidiary)
- Endoks Enerji Anonim Şirketi, Turkey (51% Step Down Subsidiary)
- Nebeskie Labs Private Limited (26% Step down Associate, classified from 2nd August 2025)
- Sukrut Electric Company Private Limited (50% Joint Venture/Associate, shares acquired 8th January 2026)
Purpose and Rationale
Dividend: Payment to shareholders for financial year 2026-27
Acquisition: To acquire Winwin Speciality Insulators Limited after clean due diligence report
Fundraising: Through preferential issue or other permissible modes
CTO Appointment: To strengthen technology leadership in advanced power quality, HVDC and FACTS solutions
Financial and Operational Impact
Capacity Expansion Programs:
- Sangli Manufacturing Facility: Machinery installation commenced, expected trial production during August 2026 subject to regulatory clearances
- HVDC CTC Magnet Wire Facility: Part machinery ready, installation scheduled August 2026
- Endoks PCS Facility: Civil construction completed, interior fit-out in progress, expected operational Q3 FY27
Turkey Subsidiary Impact: Endoks Enerji Anonim Sirketi recorded net monetary loss of ₹78.21 million due to hyperinflation impact as per Ind AS 29 (non-cash, notional nature)
Investor Complaints: Zero complaints received, resolved, or pending during quarter ended 30th June 2026
Capital Structure Impact
No change in share capital reported (remains 77,444,100 shares of ₹10 face value)
Cash Flow Implications
Dividend payment will result in cash outflow within timelines prescribed under Companies Act, 2013
Forward-looking Information
- Healthy revenue visibility for balance of financial year based on robust enquiry pipeline and sustained demand
- Expected commissioning timelines for various capacity expansion projects
- Acquisition of Winwin Speciality Insulators Limited to proceed to definitive agreement stage
- Fundraising through preferential issue or other modes being planned