Kanohar Electricals544911Quarterly results

Q2 FY27 results: revenue Rs. 208.6 crore, PAT Rs. 53.9 crore, order book Rs. 2,711.2 crore

Q2FY27 revenue Rs. 208.6 crore vs Rs. 98.2 crore a year ago; PAT Rs. 53.9 crore; EBITDA margin 35.0%.

By ScoutQuest · Mon 2 Nov 2026, 11:42 PM IST · 2 min read

Q2FY27 Revenue: Rs. 208.6 crore vs Rs. 98.2 crore a year ago
Q2FY27 PAT: Rs. 53.9 crore
Order Book: Rs. 2,711.2 crore as of 30 Sep 2026

Results at a glance

Revenue from operations for Q2FY27: Rs. 208.6 crore, against Rs. 98.2 crore in Q2FY26, so revenue more than doubled year on year.
Profit after tax for Q2FY27: Rs. 53.9 crore.
EBITDA margin for Q2FY27: 35.0%.
Revenue from operations for the first half of FY27: Rs. 345.7 crore.

The company described these as unaudited standalone financial results for the quarter ended September 30, 2026.

Orders and order book

Fresh orders won during the quarter were about Rs. 867.3 crore.
The outstanding order book stood at Rs. 2,711.2 crore as of 30 September 2026, executable over the next 24–30 months.
Management said this order book gives healthy revenue visibility.

What management said drove the numbers

Growth came from higher volumes and a broader product mix.
Power transformers were a key growth contributor in the first half.
Shunt reactors, used for connecting renewable power to the grid, grew from a negligible share of revenue last year to a meaningful share this year.
Higher-voltage products, 220 kV and 400 kV, made up a much larger part of revenue than a year earlier, which management said improved the margin profile.

Segment mix (H1 FY27)

Transformers: 87.8% of overall revenue, against 75.9% in H1 FY26.
EPC: 12.2% of overall revenue, against 24.1% in H1 FY26.
Within the transformers business, power transformers were 56.0%, shunt reactors 21.7%, Scott transformers 8.8%, distribution transformers 1.2% and traction transformers 0.0%.
By voltage, 400 kV transformers were 55.9% of the mix, against 48.7% a year earlier.

Outlook and expansion

Management expects to achieve FY27 revenue guidance of about Rs. 950 crore, with an EBITDA margin profile similar to FY26.
The brownfield expansion at the Gangol unit is described as on track, with commissioning expected by FY29.
The company said this capex, along with its sustainability initiatives, is intended to support the next leg of growth.

About the business

Kanohar Electricals, incorporated in 1972, makes transformers and provides EPC services for substations and transmission lines, serving power transmission, railways, renewable energy and power distribution. The release states it is among five manufacturers in India with short-circuit test certification for 500 MVA, 400 kV transformers, and that it also makes 100 MVA, 220 kV Scott-connected transformers for Indian Railways' network electrification.

How to read this

A results press release of this kind is a summary of reported numbers and management comments, not audited accounts. The order book and guidance are management statements about the future, and the release carries a safe harbour statement noting that actual results may differ from forward-looking statements.

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