Regulatory Disclosure: This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the financial results for the quarter ended June 30, 2026, announced in the Board Meeting on July 31, 2026.

Q1 FY2026-27 Financial Performance:

  • Revenue from Operations: ₹543.78 crores (28% increase from Q1 FY2025-26: ₹423.58 crores)
  • Operating Profit: ₹76.91 crores (11% increase from Q1 FY2025-26: ₹69.44 crores)
  • EBIDTA Margin: 14.77% (decreased from 17.15% in Q1 FY2025-26)
  • EPS: ₹90.17 per share (14.68% increase from Q1 FY2025-26: ₹78.63)

Comparative Financial Data:

  • Q4 FY2026 Revenue: ₹617.22 crores
  • Full Year FY2026 Revenue: ₹2153.69 crores
  • Q4 FY2026 Operating Profit: ₹79.77 crores
  • Full Year FY2026 Operating Profit: ₹344.21 crores
  • Q4 FY2026 EBIDTA Margin: 13.17%
  • Full Year FY2026 EBIDTA Margin: 16.50%
  • Q4 FY2026 EPS: ₹47.35
  • Full Year FY2026 EPS: ₹301.85

Order Book and Business Outlook:

  • The company began FY2026-27 with an order backlog of ₹1200 crores (10,270 MVA)
  • Fresh orders worth ₹1142 crores (7,775 MVA) have been booked from April 2026 till date
  • Total revenue visibility: ₹2342 crores (18,045 MVA) as of July 31, 2026
  • The company expects to sustain growth momentum as order inflow is expected to continue at market prices
  • Supported by robust enquiry pipeline, confident of delivering healthy volume growth during FY2026-27

Capex Update - EHV Transformer Factory:

  • Construction of new EHV Transformer factory completed within budgeted timeline
  • Major plant and machinery installed as planned
  • Delays in delivery of few equipment imported by vendors impacted project commissioning schedule
  • Factory operations deferred by approximately two months
  • New facility will be fully ready by end of Q2 FY2027
  • Full-fledged manufacturing operations will commence from October 2026

Capex Update - Dry Type Transformer Facility:

  • Company executed land purchase agreement for new plot near Vadodara
  • Necessary government approvals expected by September 2026
  • New factory construction to commence after approvals received
  • Completion timeline: 12-14 months after commencement
  • Capital expenditure: Up to ₹90 crores
  • Additional capacity: 2300 MVA per annum
  • Funding: Internal cash accruals
  • Rationale: Increased electricity demand and transformer projections over next 5-6 years, constraints on expansion at current Savli facility

Disclosure Details:

  • Submitted to National Stock Exchange of India Limited and BSE Limited
  • Signed by Sanket Kanubhai Rathod, Company Secretary & Compliance Officer
  • Date of signing: July 31, 2026 at 13:46:41 IST