Powerica reports 14.5% revenue rise and cuts debt after IPO

Verified article - details checked for accuracy.

– Powerica posted a solid 9‑month FY26 performance, with revenue and profit margins both improving, and the IPO proceeds used to slash debt and bolster cash reserves.

Revenue
- Q3 FY26: INR 762.93 Cr, up 8.3% YoY.
- 9MFY26: INR 2,210.37 Cr, up 14.5% YoY – a strong top‑line expansion driven by the Generator Set (DG) business and growing wind‑power sales.
Profit After Tax (PAT)
- PAT margin rose to 12.8% in Q3 and 10.5% over the 9‑month period, reflecting higher profitability despite a lower‑margin DG mix.
- EPS increased to ₹8.83 in Q3 and ₹20.58 for 9MFY26.
Operating Margins
- Gross profit margin improved to 33.0% (Q3) and 36.2% (9MF).
- EBITDA margin climbed to 10.4% (Q3) and 13.6% (9MF), indicating better cost control and contribution from the high‑margin wind segment.
- The wind‑power business delivered an impressive ≈42.7% EBITDA margin, offsetting the DG segment’s lower ≈9.3% margin.
Key Operational Highlights
- DG segment contributed INR 1,807 Cr (81.8% of revenue); wind power added INR 403 Cr (18.2%).
- Order backlog remains healthy, with 330.85 MW of operational wind capacity and ~280 MW of pipeline projects.
- Strategic OEM partnerships (Cummins, Hyundai, GE Vernova, Vestas, Schneider Electric) enhance technology access and after‑sales service.
- Associate Platino Automotive generated INR 73 Cr revenue with a 32% EBITDA margin from emission‑control products.
Balance Sheet & Liquidity
- Post‑IPO cash & investments stand at ≈INR 450 Cr (as of 17‑Apr‑26).
- Net debt reduced to ≈INR 572 Cr, giving a Net‑Debt/Equity of 0.40x and Net‑Debt/EBITDA of 2.20x.
- Finance costs are expected to fall sharply after the INR 525 Cr debt repayment scheduled for FY27 Q1.
Management Guidance (explicitly stated)
- FY27E revenue projected to stay above INR 2.3 Trillion.
- EBITDA margin expected to stabilize around 13‑14% as wind‑power share rises.
- Operating cash flow targeted to exceed INR 250 Cr annually, supporting further debt amortisation and potential dividend initiation and share buy‑backs in FY27.

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Powerica reports 14.5% revenue rise and cuts debt after IPO

Verified article - details checked for accuracy.

– Powerica posted a solid 9‑month FY26 performance, with revenue and profit margins both improving, and the IPO proceeds used to slash debt and bolster cash reserves.

Revenue
- Q3 FY26: INR 762.93 Cr, up 8.3% YoY.
- 9MFY26: INR 2,210.37 Cr, up 14.5% YoY – a strong top‑line expansion driven by the Generator Set (DG) business and growing wind‑power sales.
Profit After Tax (PAT)
- PAT margin rose to 12.8% in Q3 and 10.5% over the 9‑month period, reflecting higher profitability despite a lower‑margin DG mix.
- EPS increased to ₹8.83 in Q3 and ₹20.58 for 9MFY26.
Operating Margins
- Gross profit margin improved to 33.0% (Q3) and 36.2% (9MF).
- EBITDA margin climbed to 10.4% (Q3) and 13.6% (9MF), indicating better cost control and contribution from the high‑margin wind segment.
- The wind‑power business delivered an impressive ≈42.7% EBITDA margin, offsetting the DG segment’s lower ≈9.3% margin.
Key Operational Highlights
- DG segment contributed INR 1,807 Cr (81.8% of revenue); wind power added INR 403 Cr (18.2%).
- Order backlog remains healthy, with 330.85 MW of operational wind capacity and ~280 MW of pipeline projects.
- Strategic OEM partnerships (Cummins, Hyundai, GE Vernova, Vestas, Schneider Electric) enhance technology access and after‑sales service.
- Associate Platino Automotive generated INR 73 Cr revenue with a 32% EBITDA margin from emission‑control products.
Balance Sheet & Liquidity
- Post‑IPO cash & investments stand at ≈INR 450 Cr (as of 17‑Apr‑26).
- Net debt reduced to ≈INR 572 Cr, giving a Net‑Debt/Equity of 0.40x and Net‑Debt/EBITDA of 2.20x.
- Finance costs are expected to fall sharply after the INR 525 Cr debt repayment scheduled for FY27 Q1.
Management Guidance (explicitly stated)
- FY27E revenue projected to stay above INR 2.3 Trillion.
- EBITDA margin expected to stabilize around 13‑14% as wind‑power share rises.
- Operating cash flow targeted to exceed INR 250 Cr annually, supporting further debt amortisation and potential dividend initiation and share buy‑backs in FY27.

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