Smarten Power Systems Ltd
Smarten Power Systems Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q3 FY26 call signalled
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The short version
Smarten Power Systems expects a minimum of 20-30% growth in revenue for FY27. Smarten Power Systems expects a minimum revenue growth of 20-30% in FY27, driven by capacity expansion and geographical expansion beyond Haryana and UP.
From Smarten Power Systems Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Smarten Power Systems expects a minimum of 20-30% growth in revenue for FY27.
- Growth drivers include enhanced operational efficiency (manufacturing capability) and geographical expansion beyond Haryana and UP, which currently contribute around 80% of domestic sales.
- New manufacturing facility in Jhajjar, Haryana, will double inverter production capacity to 1,200 units/day on a single shift, improving volumes.
- Expansion efforts also include entering government tenders and increasing repeat orders, particularly in projects like Har Ghar Jal Yojana.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Smarten Power Systems Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capex includes expansion of the new manufacturing facility in Jhajjar, Haryana, focused on electronics manufacturing (solar inverters, charge controllers, home UPS), doubling production capacity from 600 to 1200 units per day on a single shift.
- Investment of around ₹7.5 crores in machinery specifically for lithium battery manufacturing.
- Outsourcing certain heavy investment manufacturing (PCB assembly, injection molding, sheet metal fabrication) to maintain low machinery capex.
- No huge state or PLI benefits expected for the new facility but small benefits like a 50% stamp duty refund and electricity subsidies are factored in.
- Strategic focus on backward integration in battery and energy storage manufacturing to improve margins and supply chain control.
2 more points management made on capital expenditure plans
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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
See what Smarten Power Systems Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Smarten Power Systems has recently started participating in government tenders through third parties.
- They secured a 5,000-piece order for Odisha under projects like the Har Ghar Jal Yojana.
- This initial order has led to inquiries for repeat orders ranging between 10,000 to 15,000 units.
- The initial phase was considered the introduction phase; significant repeat orders are expected in 6 months to a year.
2 more points management made on order book & pipeline
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What Smarten Power's management said in earlier quarters
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Frequently Asked Questions
What were Smarten Power Systems Ltd Q3 FY26 results?
Smarten Power Systems expects a minimum of 20-30% growth in revenue for FY27. Smarten Power Systems expects a minimum revenue growth of 20-30% in FY27, driven by capacity expansion and geographical expansion beyond Haryana and UP.
What is Smarten Power Systems Ltd share price analysis?
Smarten Power Systems Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 11.4 with a market cap of ₹101 Cr. Investors should review the full earnings analysis for detailed insights.
Is Smarten Power Systems Ltd planning capital expenditure?
Current capex includes expansion of the new manufacturing facility in Jhajjar, Haryana, focused on electronics manufacturing (solar inverters, charge controllers, home UPS), doubling production capacity from 600 to 1200 units per day on a single shift.
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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.