Sugs Lloyd Ltd
Sugs Lloyd Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects to maintain and potentially overachieve the sales momentum observed over the past two years for the next 2-3 years. Sugs Lloyd expects to maintain the strong momentum achieved over the past two years in revenue and profits for the next 2-3 years.
From Sugs Lloyd Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects to maintain and potentially overachieve the sales momentum observed over the past two years for the next 2-3 years.
- Targeting a top line of INR 1,000 crores by financial year 2028.
- Order bidding includes around INR 800 crores currently under evaluation, with expected results within three months.
- Expansion across states beyond Bihar, including Odisha, Punjab, Gujarat, Noida, Himachal, and Uttaranchal.
- Niche products expected to grow from 2% to 8-10% of revenues by year-end, with aspirations to exceed 10% contribution post-2028, targeting INR 100 crores from these products by FY 2028.
- Capacity is highly underutilized, capable of meeting 5x current demand in fault passage indicators (FPI).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Sugs Lloyd Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Sugs Lloyd is actively making arrangements and tie-ups with certain public sector undertakings to meet qualification criteria for larger government tenders.
- The company plans to increase working capital limits from INR125 crores to INR250 crores to support growth, with discussions underway with banks.
- The R&D team, consisting of around 10 people, is focused on developing new niche products such as a compact fault passage indicator with advanced features.
- They are in the process of supplying the first medium voltage switchgear on a pilot basis in a 33 by 11 kV power substation project.
- Development is ongoing for dry compressed air reinforcement units as an environment-friendly alternative to SF6 gas, targeting a large market opportunity.
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 Sugs Lloyd Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book is approximately INR 400 crores.
- Breakdown: INR 280 crores from solar EPC, INR 114 crores from power transmission and distribution.
- Additional product orders are in the pipeline.
- Tenders worth INR 480 crores in power transmission and distribution are at final stages.
- Solar tenders worth over INR 158 crores at final stages.
- Order pipeline of around INR 150 crores in fault passage indicators (FPI).
- Around INR 800 crores worth of tenders have been bid and are under evaluation.
2 more points management made on order book & pipeline
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What Sugs Lloyd's management said in earlier quarters
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Frequently Asked Questions
What were Sugs Lloyd Ltd Q2 FY26 results?
The company expects to maintain and potentially overachieve the sales momentum observed over the past two years for the next 2-3 years. Sugs Lloyd expects to maintain the strong momentum achieved over the past two years in revenue and profits for the next 2-3 years.
What is Sugs Lloyd Ltd share price analysis?
Sugs Lloyd Ltd currently shows a neutral. The stock trades at a P/E of 12.0 with a market cap of ₹364 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sugs Lloyd Ltd planning capital expenditure?
Sugs Lloyd is actively making arrangements and tie-ups with certain public sector undertakings to meet qualification criteria for larger government tenders.
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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.