Key Financial Performance - Q2 FY27

Sales: ₹779 Crores, an increase of 19.8% YoY (Q2 FY26: ₹650 Cr).

Other Income: ₹5 Crores (0.6% of Sales).

Total Income: ₹784 Crores.

Material Costs: ₹509 Crores (65.3% of Sales), increased 28.3% YoY.

Gross/ Material Margin: ₹275 Crores (35.3% of Sales), increased 6.6% YoY.

Employee Costs: ₹98 Crores (12.6% of Sales), increased 25.2% YoY.

Other Expenses: ₹112 Crores (14.3% of Sales), increased 22.4% YoY.

EBITDA: ₹65 Crores (8.4% of Sales), decreased 26.2% YoY.

Depreciation: ₹9 Crores (1.2% of Sales).

EBIT: ₹56 Crores (7.2% of Sales), decreased 31.0% YoY.

Finance Cost: ₹15 Crores (2.0% of Sales), increased 36.7% YoY.

Profit Before Tax: ₹41 Crores (5.2% of Sales), decreased 42.1% YoY.

Total Tax Expense: ₹11 Crores (1.4% of Sales).

Profit After Tax: ₹30 Crores (3.8% of Sales), decreased 43.3% YoY.

Other Comprehensive Income: ₹2 Crores.

Total Comprehensive Income: ₹32 Crores.

Key Financial Performance - H1 FY27

Sales: ₹1,430 Crores, an increase of 12.5% YoY (H1 FY26: ₹1,271 Cr).

Other Income: ₹12 Crores (0.8% of Sales).

Total Income: ₹1,442 Crores.

Material Costs: ₹930 Crores (65.0% of Sales), increased 19.0% YoY.

Gross/ Material Margin: ₹512 Crores (35.8% of Sales), increased 2.7% YoY.

Employee Costs: ₹198 Crores (13.8% of Sales), increased 19.8% YoY.

Other Expenses: ₹209 Crores (14.6% of Sales), increased 21.2% YoY.

EBITDA: ₹106 Crores (7.4% of Sales), decreased 34.5% YoY.

Depreciation: ₹18 Crores (1.3% of Sales).

EBIT: ₹88 Crores (6.2% of Sales), decreased 40.4% YoY.

Finance Cost: ₹31 Crores (2.1% of Sales), increased 38.7% YoY.

Profit Before Tax: ₹58 Crores (4.0% of Sales), decreased 54.3% YoY.

Total Tax Expense: ₹15 Crores (1.1% of Sales).

Profit After Tax: ₹42 Crores (2.9% of Sales), decreased 55.0% YoY.

Other Comprehensive Income/(Loss): ₹2 Crores.

Total Comprehensive Income: ₹44 Crores.

Operational and Strategic Highlights

Orders:

  • Q2 FY27 Order Intake: ₹1,265 Crores, an increase of 50.9% YoY.
  • H1 FY27 Order Intake: ₹2,180 Crores, an increase of 24.7% YoY.
  • This represents the highest-ever quarterly order booking.

Order Backlog: Stood at ₹2,701 Crores as of the reporting period, an increase of 49.6% YoY.

Strategic Wins: The company highlighted significant order wins driven by tailored and technology-led solutions in emerging sectors:

  • Semiconductors: Landmark Front-End Fab win for MV switchgear panels & Transformers.
  • Data Centers: Strategic wins with leading customers for integrated MV skid solutions & Transformers.
  • Renewables: Wins for Transformers, Automation panels, and Circuit breakers.
  • Thermal Power: Advancing presence through innovative MV switchgear panels & Protection Solutions.
  • Urban Transportation: Enabling smarter metro operations through digital automation panels.
  • Water: Penetration of circuit breakers in the water segment.

Capacity Expansion: A capital expenditure (Capex) investment of ₹211 Crores is planned to increase the capacity of Vacuum Interrupters and Breakers at the KMVC plant.

Profitability Context: Profitability was impacted by commodity price volatility (copper, aluminium) and a lag in passing on higher input costs. Margins are reported to be improving sequentially from Q1 FY27.

Awards and Recognition: The company received several awards, including the Golden Peacock Award for Corporate Governance - 2026, Excellence in Sustainability manufacturing award from the Indian Chamber of Commerce, and a "STRONG" CRISIL ESG Rating. It also won two awards at the Bharat Electricity PowerGen India Utility Week 2026: 'Digital Transformation Partner of the Year - Distribution' and 'Energy Technology Partner of the year'.

Product Launch: The company unveiled the EvoPacT HVX breaker, evolving from conventional circuit protection to intelligent, condition-based asset management.