Kanohar Electricals Ltd
Kanohar Electricals Q2 FY27 earnings call: Revenue & Margins
Q2 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY27 call signalled
3 of 5 strong
The short version
FY27 & FY28 Expected Growth: Kanohar Electricals expects around 40-45% year-on-year growth in topline for FY27 and a similar growth rate for FY28. FY27 revenue targeted at approximately INR 950 crores with EBITDA margins similar to FY26.
From Kanohar Electricals Ltd's Q2 FY27 earnings-call transcript · updated 15 Oct 2026.
Revenue & Sales Performance
- FY27 & FY28 Expected Growth: Kanohar Electricals expects around 40-45% year-on-year growth in topline for FY27 and a similar growth rate for FY28.
- Capacity Utilization: By FY28, current 19,200 MVA capacity projected to reach approximately 90% utilization.
- Expansion Plans: Capacity is planned to nearly double with an 18,000 MVA brownfield expansion by end of FY28, addressing need for higher output by FY29.
- Long-term Demand: Structural multi-decade demand growth anticipated, driven by government projects like Green Energy Corridor III and Renewable Energy evacuation targets, supporting sustained revenue increases.
2 more points from Kanohar Electricals Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Kanohar Electricals is planning a brownfield expansion of about 18,000 MVA capacity at their Gangol plant.
- This expansion is scheduled to be completed by the end of FY28 and come into operation in FY29.
- Current existing capacity of 19,200 MVA is sufficient through FY28; additional capacity needed for projected growth beyond that.
- Part of IPO proceeds is being utilized toward this brownfield expansion.
- They also plan investment in a solar power plant with a capacity of around 2,500 kilowatts, aimed at cost savings and sustainability.
2 more points from Kanohar Electricals Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of June 30, 2026, the consolidated order book stood at approximately INR 2,026 crores, up 11% from INR 1,818.3 crores as of March 31, 2026.
- Incremental orders added: INR 332.2 crores in Q1 FY27 and INR 867.3 crores in Q2 FY27, including large orders above INR 250 crores from Central Public Sector Undertakings.
- Industry lead times are 18 to 24 months, so current tenders are mostly for execution in FY29 and beyond.
- The order book as of end-FY27 is expected to be largely adequate to cover projected revenues for FY28 and FY29.
2 more points from Kanohar Electricals Ltd's call on order book
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Frequently Asked Questions
What were Kanohar Electricals Ltd Q2 FY27 results?
FY27 & FY28 Expected Growth: Kanohar Electricals expects around 40-45% year-on-year growth in topline for FY27 and a similar growth rate for FY28. FY27 revenue targeted at approximately INR 950 crores with EBITDA margins similar to FY26.
What is Kanohar Electricals Ltd share price analysis?
Kanohar Electricals Ltd currently shows a below-average growth signal. The stock trades at a P/E of 60.8 with a market cap of ₹7,905 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kanohar Electricals Ltd planning capital expenditure?
Kanohar Electricals is planning a brownfield expansion of about 18,000 MVA capacity at their Gangol plant.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.