Kanohar Electricals Limited has announced its unaudited financial results for the second quarter (Q2) and first half (H1) of FY27. The company reported a significant 112.4% year-over-year growth in Q2 revenue to ₹208.6 crore and a remarkable 179.7% increase in Profit After Tax (PAT) to ₹53.9 crore. For the first half, revenue grew by 108.8% to ₹345.7 crore with PAT up 164.8% to ₹81.2 crore.
Kanohar Electricals Announces Strong Q2 and H1 FY27 Results
Kanohar Electricals Limited, a key player in the transformer manufacturing sector, has reported robust financial performance for the quarter and half-year ended September 30, 2026. The company’s unaudited standalone results indicate substantial growth across key financial metrics, driven by increased volumes and a broader product mix.
Financial Performance Highlights
Q2 FY27 Performance
In the second quarter of FY27, Kanohar Electricals registered a revenue from operations of ₹208.6 crore, marking a significant increase of 112.4% compared to ₹98.2 crore in Q2 FY26. Gross Profit rose by 125.4% to ₹95.4 crore, while EBITDA saw a substantial jump of 167.2% to ₹73.1 crore. Profit Before Tax (PBT) grew by 178.7% to ₹72.3 crore, and Profit After Tax (PAT) surged by an impressive 179.7% to ₹53.9 crore. The PAT margin improved to 25.8% from 19.6% in the previous year.
H1 FY27 Performance
For the first half of FY27, the company’s revenue from operations reached ₹345.7 crore, an increase of 108.8% over ₹165.6 crore in H1 FY26. Gross Profit grew by 114.0% to ₹152.9 crore. EBITDA increased by 161.7% to ₹111.8 crore. PBT saw a 162.0% rise to ₹109.1 crore, and PAT escalated by 164.8% to ₹81.2 crore. The PAT margin for H1 FY27 stood at 23.5%, up from 18.5% in the prior year.
Revenue Mix and Business Drivers
The revenue mix for H1 FY27 shows that 87.8% of the revenue came from Transformers, with the remaining 12.2% from EPC services. Within the Transformers Business Mix, Power Transformers constituted 56.0% of revenue, followed by Shunt Reactors at 21.7%. By voltage, products in the 400 kV and 220 kV and <400 kV categories represented 55.9% and 21.8% of revenue respectively, indicating a favourable shift towards higher voltage segments.
Order Book and Future Outlook
During the quarter, Kanohar Electricals secured fresh orders worth approximately ₹867.3 crore. This brings the company’s total outstanding order book to ₹2,711.2 crore as of September 30, 2026, with execution expected over the next 24–30 months, ensuring healthy revenue visibility. The company anticipates achieving its FY27 revenue guidance of approximately ₹950 crore with an EBITDA margin profile similar to FY26.
Source: BSE
