- Revenue from Operations witnessed a 17% YoY Growth
- Robust Operating Performance Drives 31% EBITDA Growth and 175bps Margin Expansion
- Well-Diversified Order Book of Rs 2,069 Cr
Bengaluru, 11th November 2025: Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), among India’s leading transformer manufacturers leading manufacturer of a wide range of transformers, today announced its unaudited consolidated financial results for the quarter and half year ended 30th September, 2025.
Key Consolidated Financial Highlights (Rs. Cr.)
| Particulars (Rs. In Crores) | Q2FY26 | Q2FY25 | YoY% | H1FY26 | H1FY25 | YoY % |
| Revenue from Operations | 316.96 | 270.22 | 17.3% | 632 | 570 | 10.9% |
| EBITDA | 54.80 | 41.97 | 30.5% | 104 | 83 | 24.2% |
| EBITDA % | 17.3% | 15.5% | 16.4% | 14.6% | ||
| PAT | 25.30 | 26.84 | -6.0% | 56 | 52 | 8.7% |
| PAT % | 8.0% | 9.9% | 8.9% | 9.1% | ||
| Basic & Diluted EPS | 13.99 | 15.03 | 15.68 | 14.47 |
*Excluding other income
Performance Overview and Key Business Updates:
- Revenue from Operations for the period Q2FY26 stood at Rs. 316.96 crores, showcasing a 17.3% growth on a YoY basis; and Rs. 632.07 crores in the H1FY26 period, showcasing a 10.9% growth on a YoY basis.
- EBITDA Margins for the period Q2FY26 and H1FY26 stood at 17.3% and 16.4% respectively, mainly backed by operating leverage benefits, a favorable product mix (higher contribution from power transformers) and improved procurement efficiency of key raw materials like copper and CRGO steel.
- PAT grew by 8.7% in the H1FY26 period, though it declined by 6% in Q2FY26, mainly due to higher depreciation and interest expenses arising from capacity expansion and working capital requirements to support the increased scale of operations.
- Consolidated order book stands at Rs 2,069 crores as of September 2025, with the strong execution visibility over the next few months.
- In Q2FY26, the Company secured Rs.100 crore of transformer orders for large solar pooling substations across Bikaner, Bijapur and Pugal, out of which Rs. 56 crore for six 220/33–33 kV dual-secondary (160–192 MVA) units and Rs. 40 crore for six 80 MVA 220/33 kV units— underscoring strong traction in the renewables segment.
- On the export front, we have secured an order valued at ₹20 crore for 132/33 kV and 33/11 kV transformers, marking entry into key markets across Asia and the Middle East.
Management Commentary:
Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said, “The first half of FY26 marks a period of continued momentum and operational strength for Atlanta Electricals. Building on the foundation laid in Q1, we sustained our growth trajectory with strong execution, steady order inflows, and enhanced manufacturing efficiency. Our performance for Q2 and H1 FY26 reflects resilience, customer trust, and a sharper focus on quality, scale, and profitability.
During the quarter, revenue from operations stood at ₹317 crores in Q2FY26 and ₹632 crores in H1FY26, supported by healthy demand from the power transmission and distribution (T&D) sector and timely execution of high-value orders. EBITDA for Q2FY26 and H1FY26 stood at ₹55 crores and ₹104 crores respectively, with EBITDA margins of 17.3% and 16.4%. Profit After Tax stood at ₹25 crores for Q2FY26 and ₹56 crores for H1FY26, reflecting consistent operational discipline and cost optimization efforts.
Operationally, our manufacturing facilities continued to operate at high utilization levels, supported by process automation and quality enhancements. We also progressed on our capacity expansion roadmap, with incremental capacity additions and workflow optimization expected to further strengthen throughput in the coming quarters. Our order book remains healthy at ₹2,069 crore as of September 30, 2025, providing clear visibility for the next few quarters.
From a business perspective, we are witnessing sustained traction across our product segments, particularly in power transformers catering to utilities, renewable projects, and industrial applications. The increasing government focus on transmission infrastructure, renewable integration, and grid reliability continues to open new opportunities — areas where Atlanta Electricals is strategically positioned to deliver.
Looking ahead to the second half of FY26, our priority will be to sustain growth through operational excellence, timely project execution, and margin stability. We remain focused on expanding our presence across domestic and international markets, diversifying our customer base, and driving innovation through technology and design. With a robust balance sheet, a strong order pipeline, and disciplined execution, Atlanta Electricals is well placed to build on its growth momentum and continue creating long-term value for shareholders.”
