Kanohar Electricals Limited announced its financial results for the second quarter and first half of FY27, showcasing robust performance. Revenue from operations surged 112% year-on-year to INR208.6 crore in Q2 FY27. For the half-year period (H1 FY27), revenue grew 109% year-on-year to INR345.7 crore. The company also reaffirmed its full-year revenue guidance of approximately INR950 crore.
Strong Financial Performance in Q2 FY27
Kanohar Electricals Limited has reported a significant surge in its financial performance for the second quarter and the first half of the fiscal year 2027 (FY27). In Q2 FY27, the company’s revenue from operations witnessed a substantial 112% year-on-year increase, reaching INR208.6 crore. This growth was primarily driven by higher manufacturing volumes and an improved business mix, with the transformer business contributing approximately 88% of the revenue in H1 FY27.
Half-Yearly Results and Key Segments
For the first half of FY27, Kanohar Electricals recorded a 109% year-on-year revenue growth, amounting to INR345.7 crore. The transformer segment remained the backbone of the business, contributing about 56% of the total revenue in H1 FY27, an increase of 88% year-on-year. Shunt reactors emerged as another significant contributor, accounting for approximately 22% of H1 revenue, compared to a negligible contribution in the previous year.
Order Book and Future Outlook
The company’s order book stood strong at INR2,711.2 crore as of September 30, 2026, an increase of 34% from the end of Q1 FY27. This provides good revenue visibility for the next 24 to 30 months. Kanohar Electricals expects to achieve its previously communicated FY27 revenue guidance of approximately INR950 crore. The company is also focusing on premium segments such as 400 kV power transformers, shunt reactors, and Scott-connected transformers, which have similar margin profiles.
Capacity Expansion Plans
Kanohar Electricals is planning a brownfield expansion at its Gangol facility, with completion expected by the beginning of FY29. This expansion is aimed at meeting future demand and supporting the company’s growth trajectory, with a need for additional capacity in FY29. The company’s current capacity utilization for Q2 FY27 was approximately 10.5% on a quarterly basis, translating to about 41% on an annualized basis.
Source: BSE
