Board Meeting Details

The Board meeting was held on August 6, 2026, commencing at 2:00 p.m. (CEST) and concluding at 4:39 p.m. (CEST).

Financial Results Overview

Quarter Ended June 30, 2026 (Q3 FY26):

  • Revenue from operations: ₹2,485.6 million (₹248.56 crore)
  • Other income: ₹57.3 million
  • Total income: ₹2,542.9 million
  • Profit before tax: ₹593.4 million
  • Tax expense: ₹152.5 million (Current tax: ₹162.2 million, Deferred tax credit: ₹9.7 million)
  • Profit for the period: ₹440.9 million (₹44.09 crore)
  • Basic and diluted EPS: ₹12.38

Nine Months Ended June 30, 2026:

  • Revenue from operations: ₹6,790.6 million (₹679.06 crore)
  • Other income: ₹152.5 million
  • Total income: ₹6,943.1 million
  • Exceptional item: ₹51.9 million (refer Note 6)
  • Profit before tax: ₹1,514.1 million
  • Tax expense: ₹385.7 million (Current tax: ₹394.0 million, Deferred tax credit: ₹8.3 million)
  • Profit for the period: ₹1,128.4 million (₹112.84 crore)
  • Basic and diluted EPS: ₹31.70

Comparative Performance

Quarterly YoY Comparison (June 2026 vs June 2025):

  • Revenue growth: 39.3% (₹2,485.6M vs ₹1,784.6M)
  • Profit after tax growth: 67.8% (₹440.9M vs ₹262.7M)
  • EPS growth: ₹12.38 vs ₹7.38

Nine Months YoY Comparison (June 2026 vs June 2025):

  • Revenue growth: 31.1% (₹6,790.6M vs ₹5,181.0M)
  • Profit after tax growth: 52.2% (₹1,128.4M vs ₹740.5M)
  • EPS growth: ₹31.70 vs ₹20.80

Segment Performance

Power Transmission Segment (Q3 FY26):

  • Revenue: ₹2,998 million
  • Segment assets: ₹43,189 million
  • Segment liabilities: ₹31,147 million

Power Generation Segment (Q3 FY26):

  • Revenue: ₹2,455 million
  • Segment assets: ₹23,615 million
  • Segment liabilities: ₹23,792 million

Total Segment Assets: ₹66,804 million

Total Segment Liabilities: ₹54,939 million

Key Operational Metrics

  • Order backlog: ₹19,331 crore, up 16.4% YoY
  • Profit from operations margin: 21.9% in Q3 FY26 (improved 430 bps YoY)
  • Export contribution increased during the quarter

Management Commentary

Guilherme Mendonca, Managing Director and CEO, highlighted: "Our strong Q3 FY2026 performance underscores the resilience of our business model and the disciplined execution of our strategy. Healthy revenue growth, expanding profitability, and a robust order backlog provide a solid foundation for sustained value creation."

He noted that India added more than 30 GW of renewable energy capacity in the first half of CY2026, with global power demand rising driven by electrification, industrial growth, and AI-enabled data centers.

Major Project Deliveries (Q3 FY26)

  • 220 kV GIS substation for a datacenter in Maharashtra
  • 245 kV GIS for a large hydro power plant in Himachal Pradesh
  • 220 kV GIS substation commissioned in Gujarat for Giga factories
  • 220 kV GIS for export metro project in Africa
  • 240 MVA transformer supplied to an energy company in USA
  • 57 MW Steam Turbine Generator set supplied to an Indian steel company

ESG Initiatives

  • Climate neutral target in own operations by 2030
  • 44% reduction in Scope 1+2 emissions against 2019 baseline
  • Workforce diversity of 15.6% with engagement score of 81%
  • Zero fatality and zero lost time injury till Q3
  • Energy4Good STEM Education Program launched in 20 government schools in Rajasthan
  • Energy Access and Transition Program underway in Ladakh (5 villages, 100 households, 6 community centers)

Additional Documents

The filing includes enclosed Press Release and Earnings Presentation for additional context and details.