Atlanta Electricals Limited, among India’s leading transformer manufacturers, has announced its unaudited consolidated financial results for the quarter and half year ended 30th September, 2025.

Revenue from Operations for the period Q2FY26 stood at Rs 3169.6 million, showcasing a 17.3 per cent growth on a YoY basis; and Rs 6320.7 million in the H1FY26 period, showcasing a 10.9 per cent growth on a YoY basis.

EBITDA Margins for the period Q2FY26 and H1FY26 stood at 17.3 per cent and 16.4 per cent respectively, mainly backed by operating leverage benefits, a favourable 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 per cent in the H1FY26 period, though it declined by 6 per cent 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 20,690 million as of September 2025, with the strong execution visibility over the next few months.

In Q2FY26, the Company secured Rs 1000 million of transformer orders for large solar pooling substations across Bikaner, Bijapur and Pugal, out of which Rs 560 million for six 220/33–33 kV dual-secondary (160–192 MVA) units and Rs 400 million for six 80 MVA 220/33 kV units— underscoring strong traction in the renewables segment.

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 Rs 3170 million in Q2FY26 and Rs 6320 million 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 Rs 55 crores and Rs 1040 million respectively, with EBITDA margins of 17.3 per cent and 16.4 per cent. Profit After Tax stood at Rs 250 million for Q2FY26 and Rs 560 million for H1FY26, reflecting consistent operational discipline and cost optimisation efforts.

Operationally, our manufacturing facilities continued to operate at high utilisation levels, supported by process automation and quality enhancements. We also progressed on our capacity expansion roadmap, with incremental capacity additions and workflow optimisation expected to further strengthen throughput in the coming quarters. Our order book remains healthy at Rs 20,690 million 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.”

On the export front, we have secured an order valued at Rs 200 million for 132/33 kV and 33/11 kV transformers, marking entry into key markets across Asia and the Middle East.