The results are the first that the company has reported after its listing and were reported after market closing hours on Tuesday.
Kanohar Electricals reported a 103% year-on-year (YoY) increase in revenue from operations to ₹137 crore in the June quarter, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 152% to ₹38.84 crore. EBITDA margin expanded to 28.35% from 22.91% a year ago. Profit after tax (PAT) jumped nearly 142% YoY to ₹27.3 crore.
The company said the improvement in profitability was driven by higher manufacturing and a better product mix, particularly a higher contribution from the 400 kilovolt (kV) segment, which aided operating leverage.
Whole-Time Director Abhishek Singhal said, “We continued the momentum of FY26 in Q1FY27. On a Y-o-Y basis, we doubled our revenues, sustained high Gross margins, and expanded our EBITDA and PAT margins.”
He said the company is focusing on execution of its 400 kV transformer orders and is working towards adding suitable orders in the 765 kV transformer segment, where it has built manufacturing capabilities.
For FY27, the company is targeting revenue of ₹950 crore, with a similar EBITDA margin profile to FY26.
Kanohar Electricals added incremental orders worth around ₹332.3 crore during the quarter, taking its outstanding order book to ₹2,026 crore, executable over the next 18-24 months. This is up around 11% from the ₹1,818 crore order book a year ago.Kanohar Electricals, incorporated in 1972, manufactures transformers and provides engineering, procurement and construction (EPC) services for substations and transmission lines. It caters to the power transmission, railways, renewable energy and power distribution sectors.
Kanohar Electricals made its stock market debut on September 16 at ₹685.50 per share, an 8.5% premium to its IPO price of ₹632. The company’s ₹1,055.7 crore IPO was subscribed 90.59 times on the final day of bidding.
Shares of the company gained as much as 20% reacting to the Q1 results, hitting an intraday high of ₹1,131 and are now trading 15.6% higher at ₹1,089.95. The stock is trading around 60% above its listing price.
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