StockWatch
·

Kanohar Electricals Ltd

BSE: 544911

P/L Snapshot

Q1 FY27 · standalone

vs Q2 FY27
Revenue
139.00
+0.0%
Expenditure
102.16
+0.0%
Net Profit
27.34
-0.0%
OPM %
—

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0038.9277.84116.76155.68Q2 FY27Q1 FY27
Price Chart
Reports

₹137 Crore Quarter: Strong Growth, Margin Pressure Builds

400 kV transformers · order book visibility · margin compression

Result verdictFollow-upQ2 FY2714 Oct 20266 min

Strong Q1 growth, but execution risk ahead in H2

400 kV transformers · order book visibility · capacity expansion

TranscriptDeep diveQ2 FY2714 Oct 20266 min

Kanohar Q1 FY27: PAT +140% YoY to ₹27.3 Cr, margins expand; sharp QoQ fall vs Q4 peak

transformer manufacturer · maiden listed quarter · operating leverage

ResultsQ1 FY2706 Oct 20263 min
Latest
Quarterly Result6 Oct, 7:40 pm

Kanohar Q1 FY27: PAT +140% YoY to ₹27.3 Cr, margins expand; sharp QoQ fall vs Q4 peak

Kanohar Electricals' maiden quarterly print as a listed company (shares debuted on BSE/NSE on September 16, 2026 after a ₹1,056 Cr IPO — ₹755.74 Cr OFS plus ₹300 Cr fresh issue) shows standalone revenue of ₹137.08 Cr for the quarter ended June 30, 2026, up 103.5% year-on-year from ₹67.37 Cr, with PAT up 140% YoY to ₹27.34 Cr from ₹11.39 Cr. Net profit margin expanded to 19.95% from 16.91% a year ago (+304 bps), and EBITDA margin (PBT plus finance cost and depreciation, less other income) rose to roughly 28.3% from 22.8% (+550 bps). The expansion is operating-leverage driven, not materials-cost driven: employee expense fell to 7.1% of revenue from 10.7% YoY and other overheads to 6.6% from 9.7%, more than offsetting a slightly higher raw-material/purchases ratio (58.1% of revenue versus 56.8% a year ago). Sequentially, revenue and PAT fell 54.1% and 56.3% respectively against March quarter (Q4 FY26) levels of ₹298.97 Cr revenue and ₹62.63 Cr PAT — unsurprising given FY26's Q4 alone made up roughly 44% of the full year's ₹653.84 Cr revenue, consistent with project-linked, year-end-weighted execution typical of power-equipment manufacturers; this is a timing effect, not a reversal, and should not be read as a demand slowdown. There is no formal management guidance on record, and no separate management press release accompanied this filing, so neither can be graded directly. Street coverage remains thin (one analyst tracked per our pre-result note); no absolute analyst revenue/PAT estimate for this quarter turned up in a web search, but the realised 19.95% NPM sits squarely inside the pre-result preview's indicated 19–20% PAT-margin band, even though that preview's revenue figure itself cannot be reconciled with the company's actual scale. The quarter's other disclosed developments — a ₹250+ Cr 400kV transformer order win on September 30 (after this quarter closed), a new RTA (MUFG Intime), a newly appointed Company Secretary, and the Fair Disclosure Code filing — are governance/listing housekeeping and an early order-book data point rather than drivers of this print; the order win will instead be a Q2 FY27 revenue/margin test.

6 Oct 2026, 07:40 pm

Corporate Events

Board MeetingKANOHAR
2026
2Nov

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗
Board MeetingKANOHAR
2026
6Oct

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗