Financial Performance (Consolidated)

Quarterly Performance (Q4 FY2025-26 vs Q4 FY2024-25)

  • Revenue: ₹2,424 lacs (vs ₹1,602 lacs in Q4 FY2024-25) - 51% increase
  • EBITDA: ₹1,154 lacs (vs ₹589 lacs) - 96% increase
  • PBT: ₹1,071 lacs (vs ₹513 lacs) - 109% increase
  • PAT: ₹814 lacs (vs ₹382 lacs) - 113% increase
  • EPS Basic: ₹7.11 (vs ₹3.35)
  • EPS Diluted: ₹7.05 (vs ₹3.35)
  • EBITDA Margin: 47.61% (vs 36.84%)

Annual Performance (FY2025-26 vs FY2024-25)

  • Revenue: ₹8,487 lacs (vs ₹5,085 lacs) - 67% increase
  • EBITDA: ₹3,520 lacs (vs ₹1,559 lacs) - 126% increase
  • PBT: ₹3,213 lacs (vs ₹1,276 lacs) - 152% increase
  • PAT: ₹2,418 lacs (vs ₹961 lacs) - 152% increase
  • EPS Basic: ₹21.13 (vs ₹8.40)
  • EPS Diluted: ₹21.08 (vs ₹8.40)
  • EBITDA Margin: 41.48% (vs 30.65%)

Balance Sheet Position (Consolidated as at 31-03-2026)

  • Total Assets: ₹11,154 lacs (vs ₹7,189 lacs as at 31-03-2025)
  • Equity Share Capital: ₹1,144 lacs (vs ₹763 lacs)
  • Other Equity: ₹8,506 lacs (vs ₹5,392 lacs)
  • Total Equity: ₹9,654 lacs (vs ₹6,159 lacs)
  • Cash & Cash Equivalents: ₹1,860 lacs (vs ₹359 lacs)
  • Bank Balances (other): ₹3,808 lacs (vs ₹1,467 lacs)
  • Inventories: ₹1,260 lacs (vs ₹1,811 lacs)
  • Trade Receivables: ₹1,891 lacs (vs ₹1,973 lacs)

Key Financial Ratios (Consolidated Annual)

  • Debt Service Coverage Ratio: 35.36 times (vs 18.50 times)
  • Return on Equity: 30.58% (vs 16.94%)
  • Trade Receivables Turnover: 4.39 times (vs 3.33 times)
  • Net Profit Ratio: 28.49% (vs 18.90%)
  • Return on Net Worth: 25.05% (vs 15.61%)
  • Interest Coverage Ratio: 170.20 times (vs 62.35 times)
  • Return on Capital Employed: 33.35% (vs 20.89%)

Capital Actions & Shareholder Returns

Bonus Issue

  • 38,14,030 fully paid-up bonus equity shares allotted in ratio 1:2 (one new share per two existing shares)
  • EPS and weighted-average shares adjusted for all comparative periods per Ind AS 33
  • Paid-Up Capital increased to: ₹1,144 lacs

Warrant Allotment

  • 6,00,000 warrants issued to Non-Promoters at ₹768 per warrant (total ₹4,608 lacs)
  • 25% consideration (₹1,152 lacs) received
  • 2,50,000 warrants converted into equity on May 7, 2026
  • 3,50,000 warrants remain outstanding

Dividend Recommendation

  • Board recommends ₹1.50 per share (15%) on expanded paid-up capital for FY 2025-26
  • Total dividend outgo 50% higher than FY25 due to bonus-enlarged share base
  • Subject to AGM approval (33rd AGM)

Business Updates & Growth Opportunities

Key Business Verticals

1. Power Utilities and Smart Grid Solutions: Communication/protection systems for digital substations, Phasor Measurement Units (PMUs), Grid Islanding and WAMS solutions

2. IT/OT Infrastructure, Data Storage and MPLS Networking: NAS/SAN data storage with cybersecurity, EMP-protected systems, Data Diodes, MPLS routers

3. Grid Synchronization, Timing and Frequency Solutions: GPS/GNSS/NavIC Time Servers, IEEE 1588v2 PTP Grandmaster Clocks, PRP REDBOX Switches

4. Cyber Security Solutions: Real-time cyber-attack detection, Network Isolation (Kill Switch), high availability solutions

5. AI Infrastructure: Solutions supporting AI data center energy requirements and computing infrastructure

Recent Business Achievements

  • Received rate-contract purchase order for indigenously manufactured PMU equipment from BHEL
  • Supplied products to international clients including Hong Kong Electric Co Ltd, ESO EAD Bulgaria, Kenya Electricity Transmission Company, Uniper SE (Germany)
  • Orders from Light Energia S.A. (Brazil), SEC Datacom Sweden, GFZ Helmholtz Centre Germany, NERSC Norway, Oak Ridge National Laboratory USA
  • Expecting breakthrough orders for NAS data storage products for utility applications

Market Expansion

  • Focused marketing initiatives in North and South America, France, Baltic countries, Romania, Bulgaria, Philippines, Australia, Vietnam
  • Inventory returned to normal levels in Q4 FY2026
  • Revenue primarily driven by power utility sector with growing opportunities in IT/OT, timing/synchronization, CII organizations, Defence, and cybersecurity

Forward-Looking Statements

The document contains cautionary statements noting that forward-looking statements are based on current beliefs and assumptions of management, expressed in good faith, but involve known and unknown risks and uncertainties that may cause actual results to differ materially.