Q2 revenue rises 32%; orders up 52% and backlog INR214.4 billion

Order pipeline disclosedPromoter disclosed acquisition plansInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹4222.00

prior close

₹4110.40

announcement price

In-mkt

timing

Nifty Midcap 150market+1.9%-4.1% vs market

Heavy Electrical Equipment peers, median of 34sector-0.9%-1.3% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Midcap 150 and 1.3 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.4

15m

+0.4

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+1.9-4.1-0.9-1.3

Next day

-4.8pendingpending-2.8-2.0

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15d

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UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY2026-27 revenue rose 32% year on year to INR20.3 billion and order intake rose 52% to INR24.4 billion. Backlog was INR214.4 billion. EBITDA margin was 27.1%, at the high end of mid-20s FY27 guidance, which was maintained. H1 cash generation was INR10.1 billion; cash was INR32.5 billion with no debt. Management expects 2 to 3 HVDC projects next year. It sees supply-chain benefits from the parent's Trench acquisition.

Likely market impact

Strong revenue and order growth, a multi-year backlog and net cash support visibility; modest price pressure and project delays remain risks.