Kanohar Electricals shares surged over 17% on Tuesday, 3 November, following the company's robust Q2 FY27 financial performance. According to reports from LiveMint, the stock opened at ₹1,124.95 on the BSE and touched an intraday high of ₹1,165.90 per share, demonstrating strong investor confidence in the company's growth trajectory.
The company delivered exceptional Q2 FY27 results with revenue from operations more than doubling to ₹208.6 crore, representing a 112.4% year-on-year growth compared with ₹98.2 crore in Q2 FY26. As reported by LiveMint, EBITDA jumped 167.2% to ₹73.1 crore from ₹27.4 crore, while the EBITDA margin expanded to 35% from 27.8% a year ago. Profit after tax (PAT) surged 179.7% to ₹53.9 crore from ₹19.3 crore, with the PAT margin improving to 25.8% from 19.6% in the corresponding quarter last year.
For the first half of FY27, Kanohar Electricals demonstrated sustained growth momentum with revenue from operations growing 108.8% year-on-year to ₹345.7 crore, compared with ₹165.6 crore in H1 FY26. According to the company's financial results, EBITDA increased 161.7% to ₹111.8 crore from ₹42.7 crore, while the EBITDA margin improved to 32.3% from 25.8%. PAT more than doubled, increasing 164.8% to ₹81.2 crore from ₹30.7 crore in the year-ago period.
As reported by LiveMint, power transformer business grew 88% in H1 FY27, while shunt reactors, used for renewable energy grid integration, accounted for around 22% of revenue compared with a negligible contribution in the corresponding period last year. The company recorded a higher contribution from high-voltage products, with equipment in the 220 kV and 400 kV categories accounting for nearly 78% of revenue in H1 FY27, compared with approximately 53% in H1 FY26. According to Whole-time Director Abhishek Singhal, this shift helped improve the company's margin profile. Transformers accounted for 87.8% of revenue during H1 FY27, compared with 75.9% in the corresponding period last year, while the share of EPC operations declined to 12.2% from 24.1%.
During Q2 FY27, Kanohar Electricals secured fresh orders worth approximately ₹867.3 crore, taking its outstanding order book to ₹2,711.2 crore as of September 30, 2026. As reported by LiveMint, the order book is expected to be executed over the next 24-30 months, providing revenue visibility. The company's brownfield expansion at its Gangol facility is progressing as planned, with commissioning expected by FY29. Management remains confident of achieving its FY27 guidance of approximately ₹950 crore in revenue, with an EBITDA margin profile similar to FY26. Power transformers contributed 56% to the company's reported transformer business mix, while shunt reactors accounted for 21.7% of the transformer segment.
