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Yash Highvoltage Ltd

Q2 FY27Electrical Equipment

Yash Highvoltage Q2 Results 2026 (FY27): Revenue & Margins

Q2 FY27 earnings call: what management said on revenue, margins and capex.

Price₹1,265
Market cap₹3.8K Cr
P/E97.1
Updated29 Oct 2026
Read4 min read

What the Q2 FY27 call signalled

4 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned
Order bookOrder book rising

The short version

Yash Highvoltage Limited targets peak revenue of approximately INR 1,000 crores from both units combined by FY30-FY31. The company aims to maintain or improve EBITDA margins beyond the current ~28%, with optimistic outlook for margin expansion post localized production and backward integration (pages 16, 18, 26).

From Yash Highvoltage Ltd's Q2 FY27 earnings-call transcript · updated 29 Oct 2026.

Revenue & Sales Performance

Good growth
  • Yash Highvoltage Limited targets peak revenue of approximately INR 1,000 crores from both units combined by FY30-FY31.
  • The greenfield facility will be ready by FY27 for up to 245 kV bushings, with 550 kV localized production expected by mid-FY29.
  • Volume growth includes a 40% increase in bushings sold in H1 FY27 versus H1 FY26.
  • Export markets, especially the U.S., are expected to contribute significantly going forward, with export orders starting mid-FY28.
  • Company aims to fully utilize expanded capacity by FY30-'31 with a blend of both assembly and localized production models.

2 more points from Yash Highvoltage Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Total capex planned for the greenfield project is INR 220 crores, with INR 106 crores spent till September 30, 2026, and the balance expected over the next 12 months (Page 6).
  • The current expansion (greenfield and brownfield) is sufficient to build capacity targeting INR 1,000 crores peak revenue by FY30-31 (Page 26).
  • Additional small incremental investments may be required with growing numbers, but they will not be substantial; further investments can be funded through strong internal accruals (Page 26).
  • Focus on expanding RIP bushing capabilities up to 550 kV at the greenfield facility to address broader product requirements globally (Page 4).

2 more points from Yash Highvoltage Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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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

Order book rising
  • Order book as on September 30, 2026, stands at INR 760 crores, up from INR 400 crores at the start of FY27.
  • The order book provides healthy visibility for execution over the next 15 to 18 months.
  • Existing order book expected to support operations until FY28-FY29, during which new orders are anticipated.
  • Export order book currently constitutes about 5% to 7% (INR 40-50 crores out of INR 700+ crores total).

2 more points from Yash Highvoltage Ltd's call on order book

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Frequently Asked Questions

What were Yash Highvoltage Ltd Q2 FY27 results?

Yash Highvoltage Limited targets peak revenue of approximately INR 1,000 crores from both units combined by FY30-FY31. The company aims to maintain or improve EBITDA margins beyond the current ~28%, with optimistic outlook for margin expansion post localized production and backward integration (pages 16, 18, 26).

What is Yash Highvoltage Ltd share price analysis?

Yash Highvoltage Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 97.1 with a market cap of ₹3,780 Cr. Investors should review the full earnings analysis for detailed insights.

Is Yash Highvoltage Ltd planning capital expenditure?

Total capex planned for the greenfield project is INR 220 crores, with INR 106 crores spent till September 30, 2026, and the balance expected over the next 12 months (Page 6). - The current expansion (greenfield and brownfield) is sufficient to build capacity targeting INR 1,000 crores peak revenue by FY30-31 (Page 26). - Additional small incremental investments may be required with growing numbers, but they will not be substantial; further investments can be funded through strong internal accruals (Page 26). - Focus on expanding RIP bushing capabilities up to 550 kV at the greenfield facility to address broader product requirements globally (Page 4). - Strategic priorities include expanding international outreach (particularly in the US), enhancing technical credentials, and investing in sustainable growth capabilities (Page 4). - Recent preferential allotment raised approx.

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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.