Transcript of Conference Call held on October 18, 2025
SHILCTECH · price
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Awaiting price reaction for this filing.
Shilchar Technologies reported Q2 FY26 revenue of INR171 crore, up 31% year-on-year, with EBITDA margins at 31% and net profit of INR46 crore (up 40% YoY). H1 FY26 saw 39% top-line and 54% bottom-line growth sequentially. The company has an order book of INR300 crore (INR175 crore domestic, INR125 crore export) and is targeting INR750 crore revenue for FY26. Management announced a major Gavasad expansion adding 6,500 MVA capacity (to take total to 14,000 MVA by April 2027), funded entirely through internal accruals at a capex of INR90 crore. Full capacity revenue potential is INR1,400–1,500 crore, with FY27 targeted at INR850 crore. The new facility will manufacture 220 kV class power transformers, expected to improve realisation and margins.
Positive for shareholders — strong YoY growth, stable margins guidance, and the largest-ever capacity expansion in the company's history positions Shilchar for sustained growth. Near-term US tariff impact appears absorbed since customers are absorbing the full 50% duty. Investors should watch the ramp-up of 220 kV class orders from January 2027 and NSE listing timeline.