Q1 FY27 Results: PAT Down 66% YoY, Revenue Flat, New BESS Subsidiary Formed

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

-1.9%Reaction day

₹726.90

prior close

₹713.15

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.3% vs market

Other Electrical Equipment peers, median of 54sector-0.7%-1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.2 pts less than its Other 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

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15m

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30m

+0.3

Sessions after the filingfrom the prior close

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Reaction day

-1.9-0.6-1.3-0.7-1.2

Next day

-0.1+0.0-0.1+0.1-0.3

-0.2+0.7-0.9+1.0-1.1

-1.1+1.1-2.2+1.3-2.4

+0.4+1.6-1.3+1.2-0.8

-0.8+1.5-2.3+0.0-0.8

-3.1+1.4-4.5+0.6-3.6

15d

-0.1+0.4-0.5+0.1-0.2

-5.2-1.4-3.8-3.8-1.4

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 54Pending

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

AI summary

Board approved Q1 FY27 (June 2026) results. Consolidated revenue rose marginally to Rs 260.8 cr from Rs 259.6 cr YoY, but PAT fell 66% to Rs 8.26 cr from Rs 24.7 cr as costs rose faster than revenue. Total expenses climbed to Rs 254.5 cr from Rs 228 cr. 12th AGM scheduled for September 22, 2026 via video conference. A new wholly-owned subsidiary, Solex BESS Private Limited, was incorporated on June 22, 2026, to manufacture battery energy storage systems. Limited review report carries no qualifications.

Likely market impact

Sharp profit compression despite stable revenue raises margin concerns. BESS subsidiary signals diversification into energy storage, a future growth lever worth tracking.