The company reported ₹137 crore in revenue from operations for the quarter ended June 30, 2026. This was more than double the ₹67 crore recorded in the same quarter last year.
EBITDA also increased significantly. It rose 152.2% year-on-year to ₹39 crore, compared with ₹15 crore in Q1 FY26. As a result, the EBITDA margin improved to 28.3% from 22.8%.
Kanohar Electricals Q1 FY27 Profit Rises Sharply
Kanohar Electricals posted strong growth at the profit level as well.
Profit before tax increased 134.7% year-on-year to ₹37 crore, compared with ₹16 crore in the corresponding quarter of the previous year.
Net profit rose 140% to ₹27 crore, up from ₹11 crore. The company’s PAT margin also improved to 19.9%, compared with 16.9% a year earlier.
The company said higher manufacturing volumes and a better product mix helped improve profitability. The growing contribution from its 400kV transformer business was also an important factor behind the stronger operating performance.
Order Book Reaches ₹2,026 Crore
Kanohar Electricals added fresh orders worth approximately ₹332.3 crore during Q1 FY27. This helped take its outstanding order book to around ₹2,026 crore.
According to the company, the existing order book is expected to be executed over the next 18 to 24 months. This provides visibility for future revenue, although actual performance will depend on execution and market conditions.
The company is currently focusing on executing recently secured 400kV transformer orders. It is also looking to expand its presence in the 765kV transformer segment.
Gangol Capacity Expansion to Support Growth
Kanohar Electricals is planning a brownfield capacity expansion at its Gangol manufacturing facility. The company also plans to invest in sustainability-related initiatives.
The company expects its planned capital expenditure over the next 18 months to increase manufacturing capacity and support future growth.
Management believes its existing manufacturing capabilities, industry certifications and pre-qualifications can help create entry barriers in the transformer market.
400kV Transformers Drive Product Mix
A major highlight of the quarter was the increased contribution from higher-voltage transformers.
According to research commentary, around 70% of Kanohar Electricals’ Q1 revenue came from 400kV transformers. The shift towards higher-voltage and technically complex products could support the company’s growth strategy.
The company has also developed manufacturing capabilities for 765kV transformers. However, significant orders in this segment have not yet materialised.
If the company secures meaningful 765kV orders, it could potentially strengthen its position in the higher-value transformer market. Investors will therefore be watching this segment closely.
Kanohar Electricals Sets ₹950 Crore FY27 Revenue Target
For FY27, Kanohar Electricals is targeting revenue of approximately ₹950 crore.
Management has indicated that it expects to maintain a similar EBITDA margin profile to FY26 while continuing to focus on capacity expansion and order execution.
Analysts will be watching several factors during the rest of the financial year, including new 400kV and 765kV orders, order-book growth, the ramp-up of Gangol capacity and progress towards the ₹950 crore revenue target.
What Investors Should Watch
The strong Q1 numbers have improved the company’s growth outlook, but investors should also consider the risks associated with a sharp rise in the share price.
Key factors to monitor include:
- New transformer order wins
- Execution of the ₹2,026 crore order book
- Growth in the 400kV segment
- Potential 765kV order wins
- Gangol capacity expansion
- Sustainability of the approximately 28% EBITDA margin
- Progress towards the ₹950 crore FY27 revenue target
The recent share-price rally reflects strong investor interest following the results. However, future performance will depend on order conversion, manufacturing capacity, execution and profitability.
Kanohar Electricals Share Price Today
Kanohar Electricals shares opened at around ₹1,038.95 per share on October 7 and gained more than 15% during the session following the strong Q1 FY27 results.
The stock’s future direction is likely to depend on whether the company can maintain its strong operating performance and convert its large order pipeline into revenue and profits.
