Q1FY27 results weak; expands Tamil Nadu wafer capacity to 9 GW; E&Y re-appointed
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.2 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.
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Board approved Q1FY27 results: standalone revenue grew to Rs 15,360 million but PAT fell sharply to Rs 187 million from Rs 1,344 million a year ago. EPS dropped to Rs 0.52 vs Rs 4.24. Company expanded proposed wafer and ingot facility in Tamil Nadu from 6 GW to 9 GW, to be commissioned by April 2029, with investment up to Rs 5,589 crore, funded via internal accruals and debt. Ernst and Young LLP re-appointed as internal auditor for FY27. Safeguard duty refund of Rs 1,485 million and disputed receivables of Rs 528 million remain pending.
Profit nearly collapsed versus last year despite revenue growth, weighing on the stock. Capacity expansion signals long-term growth ambition tied to ALMM-3 norms.