| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 747.62 | 58.5% |
| Total Income | 755.18 | 58.7% |
| Expenditure | 623.30 | 52.0% |
| PBT | 131.76 | 103.4% |
| Net Profit | 102.19 | 135.8% |
| OPM | 19.99% | 0.88pp |
| NPM | 13.53% | 4.42pp |
| EPS | 13.29 | 45.0% |
Atlanta Electricals FY26: Revenue Up 49%, PAT Jumps 70%
09 May 2026 · 9 May, 7:21 pm
Summary
Atlanta Electricals Limited reported a strong financial performance for Q4 and FY26, with Q4FY26 revenue from operations surging by 81.7% year-on-year to ₹747.62 crores and full year FY26 revenue increasing by 48.8% to ₹1,851.52 crores. The company also achieved significant profit growth, with Q4 PAT up 128.9% to ₹102.19 crores and FY26 PAT rising 70.1% to ₹201.77 crores, driven by operating leverage and an improved product mix. EBITDA margins expanded notably, reaching 20.00% in Q4FY26 and 18.60% for FY26. Management highlighted a debt-free balance sheet as of March 31, 2026, and the strategic PGCIL approval for 400 kV transformers at the Vadod facility, achieved rapidly. Looking ahead, the company is well-positioned to capture multi-year growth opportunities from an anticipated ₹9 trillion transmission investment through 2032, with priorities including prototyping higher kV transformers and expanding into new markets like BESS and data centers.
Key Highlights
- 1
Revenue from operations for Q4 FY26 surged by 81.7% year-on-year to ₹747.62 crores.
- 2
For the full year FY26, revenue from operations grew by 48.8% year-on-year to ₹1,851.52 crores.
- 3
Profit after tax (PAT) for Q4 FY26 jumped by 128.9% year-on-year to ₹102.19 crores, contributing to an FY26 PAT of ₹201.77 crores, which was up 70.1% year-on-year.
- 4
EBITDA margins significantly expanded by 333 basis points to 20.00% in Q4 FY26 and by 304 basis points to 18.60% for the full year FY26.
- 5
The company achieved a debt-free balance sheet by fully repaying both the Vadod term loan and BTW acquisition term loan as of March 31, 2026.
- 6
The order book stood robust at ₹2,493 crores as of March 31, 2026, with Q4 FY26 order inflow contributing ₹733 crores.
- 7
A key milestone included receiving PGCIL approval in April 2026 for manufacturing up to 400 kV class transformers at the Vadod facility, achieved within just two years of ground-breaking.
Management Comments
Mr. Niral Patel
FY26 has been a defining year for Atlanta Electricals, our first full financial year ending after our listing on the BSE and NSE on 29th September 2025. The 18 months of intensive capacity build-out has translated into delivery and growth, with our installed manufacturing capacity now at 63,060 MVA across our five facilities. For FY26, consolidated revenue stood at Rs. 1,851.52 crores, up 48.8% year-on-year. EBITDA expanded to Rs. 344.44 crores at a margin of 18.60%, an expansion of 304 basis points. PAT stood at Rs. 201.77 crores, up 70.1% year-on-year. Q4 specifically delivered our highest-ever quarterly performance with revenue of Rs. 747.62 crores and EBITDA margin reaching 19.99%. Our balance sheet has been fully de-leveraged with both the Vadod and BTW acquisition term loans fully repaid. The standout milestone of the year was receiving the PGCIL approval for manufacturing of up to 400 kV class transformers at our Vadod facility, achieved within just two years of groundbreaking, among the fastest such timelines in the Indian transformer industry. Looking ahead to FY27, our priorities are to prototype the first 400 kV transformer at Vadod and 765 kV at Atlanta Trafo, scale exports, capture domestic demand from BESS, data centers and renewables, commence operations at our new Inverter Duty Transformer facility, and start our Tank and Radiator backward integration plant. With Rs. 9 trillion of transmission investment planned through 2032, Atlanta Electricals is well-positioned to capture this multi-year growth opportunity.
Informational and educational content only. Not investment advice.