Kanohar Electricals Q2 Profit Jumps Nearly 180%

Kanohar Electricals Limited reported strong Q2 FY27 results, with profit after tax rising nearly 180% year-on-year. Revenue more than doubled, while operating margins expanded significantly. Q2 FY27 Financial Performance Revenue from Operations: ₹208.6 crore, up 112.4% YoY from ₹98.2 crore. EBITDA: ₹73.1 crore, up 167.2% YoY. EBITDA Margin: 35%, compared with 27.8% in Q2 FY26. Net Profit: ₹53.9 crore, up 179.7% from ₹19.3 crore. Profit After Tax Margin: 25.8%, compared with 19.6% a year ago. Strong Order Book Provides Revenue Visibility Kanohar secured fresh orders worth approximately ₹867.3 crore during Q2 FY27, taking its outstanding order book to ₹2,711.2 crore as of September 30, 2026. The order book is expected to be executed over the next 24–30 months, providing visibility for future business activity. Transformers Business Drives Growth The company’s growth was supported by higher volumes and a broader product mix. Transformers accounted for 87.8% of H1 FY27 revenue. Power transformer revenue grew 88% year-on-year during the first half. Higher-voltage products, including 220 kV and 400 kV transformers, contributed a larger share of revenue. What Investors Should Monitor Investors should track order execution, margins, working-capital requirements and the company's ability to meet its revenue guidance. Sustaining the recent growth rate will depend on timely project execution and demand for power infrastructure. Investor Perspective: Strong revenue growth, expanding margins and a substantial order book indicate business momentum. However, investors should assess execution risks and the sustainability of profitability alongside the headline growth figures. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.