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Q2 FY26Construction

Rulka Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹108
Market cap₹46 Cr
P/E14.0
Updated26 Aug 2026
Read4 min read

Rulka Q2 FY26 key numbers

Revenue
Confident of scaling turnover to INR 200-250 crores within 2-3 years, leveraging an unexecuted order book of INR 144 crores.

As stated in Rulka's Q2 FY26 earnings call transcript · published 26 Aug 2026. Reported figures, not investment advice.

The short version

Confident of scaling turnover to INR 200-250 crores within 2-3 years, leveraging an unexecuted order book of INR 144 crores. Rulka Electricals Limited expects strong revenue growth supported by an unexecuted order book of INR144 crores, with over 60% expected to be executed in FY '26.

From Rulka's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • Confident of scaling turnover to INR 200-250 crores within 2-3 years, leveraging an unexecuted order book of INR 144 crores.
  • Strong revenue visibility with INR 79.7 crores order inflow expected in H1 FY26.
  • More than 60% of the INR 144 crores order book expected to be executed in FY26.
  • Expanding presence in high-margin sectors such as Extra High Voltage (EHV) projects including 33 kV and 220 kV transmission works.
  • Focus on sectors like warehousing, retail, airports, and solar EPC, with airport and EHV projects gaining prominence.
  • Revenue for H1 FY 26 was INR 54.24 crores showing 82% YoY growth.
  • Management aims to return to IPO-level margins and profitability based on improved execution and selective project bidding.

2 more points from Rulka's call on revenue

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Profitability & Margins

See what Rulka said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Rulka Electricals Limited is actively investing strategically in building solar EPC capability, having developed a dedicated solar team over the last two years to execute turnkey projects from design to commissioning.
  • The company is also making technical investments by continuously training its technical teams to meet the demands of technically challenging projects in high-voltage and extra-high-voltage transmission and distribution works, including 33 kV and 220 kV networks.
  • Operationally, they are scaling selectively without over-stretching resources, focusing on working capital discipline and maintaining a healthy balance sheet to fund growth without excessive leverage.

Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
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2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
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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 H1 FY '26, the unexecuted order book stands at approximately INR 144 crores (including GST).
  • Approximately 60% of these orders are electrical projects, 30% firefighting, and 10% EHV, solar, and related orders.
  • Over 60% of the unexecuted order book is expected to be executed and recognized as revenue in FY '26.
  • The order inflow visibility for H1 FY '26 remains strong at INR 79.7 crores.
  • The company is actively quoting for more projects, with new orders expected to come by the end of the current quarter.

2 more points from Rulka's call on order book

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Continue your research

What Rulka Electricals Ltd's management said in earlier quarters

Others in Construction this season

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  • K2 Infragen Ltd (Q2 FY26)

    For H1-FY26 (half year ending September 2025), Revenue from Operations was INR 909 million, up 76.5% YoY from INR 515 million in H1-FY25. Key investor presentat

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  • MBL Infrastructure Ltd (Q2 FY26)

    Revenue (Income) for HY25 (half year 2025) standalone: ₹119.37 Cr; FY24: ₹184.15 Cr. Key investor presentation takeaways from MBL Infrastructure Ltd's Q2 FY26 i

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Frequently Asked Questions

What were Rulka Q2 FY26 results?

Confident of scaling turnover to INR 200-250 crores within 2-3 years, leveraging an unexecuted order book of INR 144 crores. Rulka Electricals Limited expects strong revenue growth supported by an unexecuted order book of INR144 crores, with over 60% expected to be executed in FY '26.

What is Rulka share price analysis?

Rulka currently shows a neutral. The stock trades at a P/E of 14.0 with a market cap of ₹46 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rulka planning capital expenditure?

Rulka Electricals Limited is actively investing strategically in building solar EPC capability, having developed a dedicated solar team over the last two years to execute turnkey projects from design to commissioning.

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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.