Danish Power Limited Announces H1 FY27 Financial Results: Consolidated Net Profit at Rs. 3,772.17 Lakhs

Danish Power Limited (NSE Symbol: DANISH) held its Board of Directors meeting on Wednesday, November 04, 2026. The Board considered and approved the unaudited standalone and consolidated financial results for the half-year ended September 30, 2026.

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Standalone Financial Highlights

(Values in Rs. in Lakhs, except per share data)

• Revenue from Operations: Rs. 29,208.20 Lakhs for the half-year ended September 30, 2026, compared to Rs. 21,106.31 Lakhs for the half-year ended September 30, 2025.
• Total Income: Rs. 29,752.98 Lakhs versus Rs. 21,667.05 Lakhs in the prior-year period.
• Total Expenses: Rs. 24,490.96 Lakhs compared to Rs. 17,776.91 Lakhs in the half-year ended September 30, 2025.
  • Cost of materials consumed: Rs. 25,784.31 Lakhs.
  • Changes in inventories of finished goods, WIP, and stock-in-trade: Rs. (5,657.82) Lakhs.
  • Employee benefits expense: Rs. 2,022.51 Lakhs.
  • Finance cost: Rs. 183.47 Lakhs.
  • Depreciation and amortisation: Rs. 637.31 Lakhs.
• Profit Before Tax (PBT): Rs. 5,262.02 Lakhs compared to Rs. 3,890.14 Lakhs for the half-year ended September 30, 2025.
• Net Profit After Tax (PAT): Rs. 3,896.02 Lakhs compared to Rs. 2,883.91 Lakhs for the period ended September 30, 2025.
• Total Comprehensive Income: Rs. 3,917.17 Lakhs.
• Earnings Per Share (EPS) (Rs. 10/- each, Annualised):
  • Basic: Rs. 39.57 (vs. Rs. 29.29 in H1 FY26)
  • Diluted: Rs. 39.57 (vs. Rs. 29.29 in H1 FY26)
• Financial Ratios:
  • Debt Equity Ratio: 0.0097
  • Debt Service Coverage Ratio: 48.39
  • Interest Service Coverage Ratio: 29.68

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Consolidated Financial Highlights

(Values in Rs. in Lakhs, except per share data)

• Revenue from Operations: Rs. 29,192.94 Lakhs for the half-year ended September 30, 2026, compared to Rs. 21,160.64 Lakhs for the half-year ended September 30, 2025.
• Total Income: Rs. 29,577.40 Lakhs compared to Rs. 21,632.35 Lakhs in the half-year ended September 30, 2025.
• Total Expenses: Rs. 24,436.04 Lakhs compared to Rs. 17,777.00 Lakhs in the prior-year period.
• Profit Before Tax (PBT): Rs. 5,141.36 Lakhs compared to Rs. 3,855.35 Lakhs in H1 FY26.
• Net Profit After Tax (PAT): Rs. 3,772.17 Lakhs compared to Rs. 2,849.12 Lakhs for the half-year ended September 30, 2025.
• Total Comprehensive Income: Rs. 3,793.32 Lakhs compared to Rs. 2,849.12 Lakhs in H1 FY26.
• Earnings Per Share (EPS) (Rs. 10/- each, Annualised):
  • Basic: Rs. 38.31 (vs. Rs. 28.94 in H1 FY26)
  • Diluted: Rs. 38.31 (vs. Rs. 28.94 in H1 FY26)
• Financial Ratios:
  • Debt Equity Ratio: 0.0300
  • Debt Service Coverage Ratio: 37.71
  • Interest Service Coverage Ratio: 27.65

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Segment Performance

Standalone Segment Revenue

• Transformers: Rs. 26,535.57 Lakhs (vs. Rs. 19,844.73 Lakhs in H1 FY26)
• Panels: Rs. 2,131.16 Lakhs (vs. Rs. 1,156.98 Lakhs in H1 FY26)
• Income from other sources: Rs. 1,086.25 Lakhs (vs. Rs. 665.34 Lakhs in H1 FY26)
• Total Revenue: Rs. 29,752.98 Lakhs

Consolidated Segment Revenue

• Transformers: Rs. 26,535.57 Lakhs (vs. Rs. 19,844.73 Lakhs in H1 FY26)
• Panels: Rs. 2,131.16 Lakhs (vs. Rs. 1,156.98 Lakhs in H1 FY26)
• Income from other sources: Rs. 910.67 Lakhs (vs. Rs. 630.64 Lakhs in H1 FY26)
• Total Segment Revenue: Rs. 29,577.40 Lakhs

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Balance Sheet & Cash Flow Position

Balance Sheet (as of September 30, 2026)

• Total Standalone Assets: Rs. 66,572.86 Lakhs (compared to Rs. 54,410.03 Lakhs as of March 31, 2026).
  • Standalone Total Equity: Rs. 49,065.51 Lakhs.
  • Standalone Total Liabilities: Rs. 17,507.35 Lakhs.
• Total Consolidated Assets: Rs. 67,766.38 Lakhs (compared to Rs. 55,448.64 Lakhs as of March 31, 2026).
  • Consolidated Total Equity: Rs. 49,480.11 Lakhs.
  • Consolidated Total Liabilities: Rs. 18,286.27 Lakhs.

Cash Flow Summary

• Standalone:
  • Net cash utilized in operating activities: Rs. (1,488.22) Lakhs
  • Net cash utilized in investing activities: Rs. (671.13) Lakhs
  • Net cash utilized in financing activities: Rs. (319.75) Lakhs
  • Cash and cash equivalents at the end of the period: Rs. 6,697.49 Lakhs
• Consolidated:
  • Net cash utilized in operating activities: Rs. (2,022.50) Lakhs
  • Net cash utilized in investing activities: Rs. (1,129.93) Lakhs
  • Net cash generated from financing activities: Rs. 694.08 Lakhs
  • Cash and cash equivalents at the end of the period: Rs. 6,725.01 Lakhs

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Corporate and Accounting Changes

• Change in Inventory Valuation: Effective April 1, 2026, the company changed its method of valuation of inventories from First-In-First-Out (FIFO) to the Weighted Average Cost method. Management noted that this method better reflects the actual flow of costs and provides more relevant information.
• Entities Included in Consolidation:
  • Evernest Shelter Private Limited (Wholly owned subsidiary)
  • Danish Transformer India Private Limited (Wholly owned subsidiary)
  • Danish Foundation (Sec 8 Co.) (Wholly owned subsidiary)
• Auditor Opinion: Statutory auditors H C Bothra & Associates LLP issued an unmodified review report on both the standalone and consolidated financial results for the half-year ended September 30, 2026.