Powerica Reports Strong Nine Month Performance

23 Apr 2026 CW Team

Powerica Limited reported unaudited standalone and consolidated results for the quarter and nine months ended 31 December 2025, delivering its highest nine monthly performance across key metrics. Revenue from operations in the quarter was Rs 7,629.3 million (mn), up eight point three per cent year on year, while nine month revenue reached Rs 22,103.7 mn, up 14.5 per cent. Gross profit for the nine months rose to Rs 8,001.9 mn with a margin of 36.2 per cent.

Profit before tax in the quarter stood at Rs 579.3 mn and at Rs 2,394.8 mn for the nine months, reflecting margin improvement to 10.8 per cent on a nine month basis. Profit after tax for the quarter was Rs 976.5 mn and for nine months Rs 2,322.0 mn, supported by a negative tax expense of Rs 397.2 mn in the quarter arising from a deferred tax credit of Rs 675.3 mn following adoption of the new tax regime.

The generator set segment accounted for 81.8 per cent of nine month revenue while the wind power segment contributed 18.2 per cent, with DG sets powered by Cummins engines representing 63.7 per cent and MSLG in association with Hyundai at 5.5 per cent. Allied business contributed 12.6 per cent and the wind power mix comprised IPP at 7.2 per cent and EPC and O&M for balance of plant at 11.0 per cent. Segmental EBITDA margins for the nine months were 9.3 per cent for generator sets and 33.1 per cent for wind power.

The board approved the appointment of Rabindra Nath Nayak as an additional non executive independent director. Following the IPO the company repaid about Rs 5,250.0 mn of borrowings and held cash and investments of approximately Rs 4,500.0 mn as at 17 April 2026. Management said the company has a healthy pipeline and supportive policy tailwinds, and noted an operational wind power portfolio backed by long term agreements and EPC and O&M experience aggregating 450.40 megawatt (MW) and 296.50 MW respectively.

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