Atlanta ElectricQ1 FY27
Atlanta Electric Q1 FY27 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Price: ₹1,718P/E: 65.1Market Cap: ₹14.2K CrSector: Electrical Equipment
Management growth scorecard
Revenue
Category 1
Margin
Category 3
Fundraise
N/A
Order
Yes
Capex
Yes
3 of 4 growth signals are positive.
Full analysisRevenue guidance
Category 1- →The company targets a 40% CAGR growth in revenue over the next three years, maintaining this consistently as communicated to investors.
- →For FY27, revenue guidance is approximately 40% year-on-year growth from last year's INR 1,851 crores.
- →The order book provides strong revenue visibility, with INR 2,400 crores of executable orders expected during FY27.
- →Volume growth is supported by expanded manufacturing capacity, with a capacity of 63,060 MVA and 4,381 MVA sales-based utilization in Q1 FY27.
- →Export revenue is targeted to contribute 15% of total revenues within three years, with initial orders being executed starting next financial year.
- →Growth will also come from higher capacity transformers (400 kV and 765 kV), expected to ramp up over the next 1-3 years.
- →Sustained demand across transmission, renewable energy, and industrial sectors supports growth outlook.
Margin guidance
Category 3- →Atlanta Electricals targets a 40% CAGR growth in revenue for the next three years (FY27-FY30).
- →Earnings Per Share (EPS) increased by 40% YoY to 6.09 in Q1 FY27, reflecting strong profitability growth.
- →PAT grew 50.4% YoY in Q1 FY27 with a PAT margin of 10%; improvements expected to continue.
- →EBITDA margin guidance is stable around 17-18% with sustained operational efficiencies despite raw material price pressures.
- →Revenue growth driven by increased manufacturing capacity and ramp-up of new facilities.
- →Expansion into higher-value products (e.g., 220 kV and above transformers) expected to enhance margins.
- →Export market expansion aims to contribute ~15% of revenues in three years, potentially improving overall margin profile.
- →Order book remains strong (INR 3,116 Cr), providing good revenue visibility and supporting growth.
3 more insights locked — sign up free to unlock
Fundraise plans
- →As per the call transcript, there is no explicit mention of any ongoing or planned equity fundraising.
- →Regarding debt, for the remaining capex of approximately INR160-165 crores related to the tank and radiator facility, the management indicated that it would likely be funded through internal accruals rather than through additional debt.
- →No other specific details about future debt or equity fundraises were disclosed during the call.
- →The company remains focused on maintaining stable margins and executing on its expansion and technology tie-ups without indicating a need for immediate external capital infusion.
Order book
Yes- →As of June 30, 2026, Atlanta Electricals Limited has an unexecuted order book of approximately INR 3,100 crores.
- →Out of this, around INR 2,400 crores worth of orders are expected to be executed in the current financial year (FY27).
- →The company experienced a record quarterly order inflow of INR 972.42 crores in Q1 FY27.
- →The total outstanding order book reached INR 3,116.63 crores as of June 30, 2026.
- →Higher capacity products (220 kV class) constitute over 55% of the total order book.
- →Orders for 400 kV transformers and reactors contribute nearly INR 275 crores.
- →Management anticipates continued healthy order inflow during Q2 and Q3 FY27.
- →The company also expects additional orders beyond the current order book during the financial year.
Capex plans
Yes- →Atlanta Electricals is investing in a new tank and radiator facility planned to go live by the end of the year.
- →Approximate capex of INR 180 crores allocated for this facility, with INR 15-20 crores already spent on land and building structures.
- →The remaining capex may be funded through internal accruals; details on debt plans were not specified.
- →The company is progressing with technology tie-ups for 400 kV and 765 kV transformer products, including a one-time fee of USD 3-5 million and ongoing royalties of 2-4% for 3-4 years on 765 kV products.
- →These capex and strategic investments aim to expand manufacturing capabilities in higher voltage transformer segments and build export capacity.
- →The company targets stable margins while enhancing product portfolio and operational scale.
How does Atlanta Electric rank vs peers in Electrical Equipment?
Pro feature1Atlanta Electric
Rev 1Mar 3
See full Electrical Equipment sector rankings
How does Atlanta Electric rank in Electrical Equipment?
Compare Atlanta Electric against every Electrical Equipment company (Q1 FY27) on revenue, margins and earnings-call signals.