Yash Highvoltage

Yash Highvoltage Limited reported strong financial performance for the half year ended September 30, 2025. Total revenues increased 78.6% year-on-year to INR 102 crores from INR 57 crores in the previous period. EBITDA grew 109.9% to INR 23 crores with margins improving to 22.8%. Profit after tax increased 119.4% to INR 14 crores with margins at 13.7%. The company maintains a healthy balance sheet with debt-to-equity ratio of 0.17 and current ratio of 2.61. The company acquired 50% equity stake in Sukrut Electric Company and established presence in the United States with launch of ESFP USA. Strategic partnerships were formed with Weidmann for European and North African markets and with Electrolink UK for UK, Ireland, and Wales expansion. The greenfield facility for RIP bushings is expected to be ready by end of financial year with commercial production starting in second half of FY27. Current order book exceeds INR 300 crores with execution timeline of 1.5 to 2 years. The company targets minimum 35% CAGR growth and expects both existing and new facilities to generate combined revenue potential of INR 600-700 crores within 2.5-3 years.

Yash Highvoltage delivered robust H1 results with net profit rising to 140 million rupees from 64 million rupees year-over-year. Revenue surged to 1 billion rupees compared to 570 million rupees in the previous year. EBITDA increased to 203 million rupees from 109 million rupees, while EBITDA margin improved to 20.25% from 19.14% year-over-year.

Yash Highvoltage Limited confirmed no deviation or variation in the utilization of IPO proceeds for the half-year ended September 30, 2025. The company raised Rs. 93.51 crores through its IPO on December 19, 2024. The funds were allocated for setting up a new factory (Rs. 70.34 crores), general corporate purposes (Rs. 14.76 crores), and issue expenses (Rs. 8.41 crores). As of September 2025, the company has utilized Rs. 42.47 crores from the total raised amount. The Audit Committee reviewed and confirmed the statement at its meeting held on October 10, 2025.