Kanohar Electricals shares surge 17 per cent after Q2 results
The company reported that revenue from operations more than doubled in the first half of FY27 compared to the previous year.
Kanohar Electricals shares rose over 17 per cent on Tuesday, 3 November, following the announcement of its Q2 FY27 results, according to Mint. The company reported significant year-on-year growth in both revenue and profitability.
During the second quarter of FY27, revenue from operations rose 112.4 per cent year-on-year to ₹208.6 crore, up from ₹98.2 crore in the same quarter last year. Profit after tax (PAT) increased 179.7 per cent to ₹53.9 crore from ₹19.3 crore.
For the first half of FY27, revenue from operations grew 108.8 per cent year-on-year to ₹345.7 crore, compared with ₹165.6 crore in H1 FY26. PAT for the same period increased 164.8 per cent to ₹81.2 crore from ₹30.7 crore.
Abhishek Singhal, Whole-time Director of Kanohar Electricals, said the company maintained growth momentum due to higher volumes and a broader product mix. He noted that the power transformer business grew 88 per cent in H1 FY27.
The company secured fresh orders worth approximately ₹867.3 crore during Q2 FY27, bringing the outstanding order book to ₹2,711.2 crore as of 30 September 2026. These orders are expected to be executed over the next 24-30 months.
Management remains confident in achieving its FY27 revenue guidance of approximately ₹950 crore. The company's brownfield expansion at its Gangol facility is progressing, with commissioning expected by FY29.