Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

11 May 2026 CW Team

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year.

For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the quarter and 18.60 per cent for FY26. Profit after tax rose to Rs 1.02 bn in Q4 and Rs 2.02 bn for the year, reflecting operating leverage, a richer 220 kV product mix and improved procurement efficiency.

The group closed the year fully de?levered, having repaid the Rs 1.40 bn Vadod term loan and the Rs 2.18 bn acquisition term loan, leaving term debt at nil as of 31 March 2026. The order book stood at Rs 24.93 bn with Q4 inflows of Rs. 7.33 bn, including marquee orders totalling Rs 2.88 bn and a subsequent Rs 1.90 bn contract secured in May. Bank facilities were increased from Rs 9.10 bn to Rs 14.60 bn and CRISIL reaffirmed the long?term rating at A with a stable outlook.

Operationally the group highlighted progress at its five facilities and noted installed manufacturing capacity of 63,060 megavolt?ampere (MVA). Vadod received approval to manufacture up to 400 kV class transformers within two years of groundbreaking, and unit utilisations ramped to approximately 39 per cent at Vadod and 15 per cent at Atlanta Trafo on an annualised basis. Management indicated priorities for the next year include prototyping higher voltage units, scaling exports and advancing backward integration to capture multi?year transmission investment opportunities.

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