Accord Transformer & Switchgear Limited reported a total income of ₹7,035.71 Lakhs for the financial year ended March 31, 2026, with a net profit of ₹450.43 Lakhs. The company maintained an EBITDA margin of 10.39% during the year, supported by operational efficiencies. For H2 FY26, total income stood at ₹4,259.45 Lakhs, with a net profit of ₹325.32 Lakhs and an EBITDA margin of 11.77%. The performance was driven by healthy business momentum and rising demand from the power distribution, infrastructure, industrial, and utility sectors.

Key Financial Highlights

Order Book and Future Guidance

The company holds a healthy order book of approximately ₹156 crores as of May 25, 2026. Management has provided a revenue guidance of ₹120 crores to ₹180 crores for FY27, representing a growth of 60% to 80% over the current year. The company targets an EBITDA margin of 13% to 15% and a PAT margin of 9% to 11% over the next two to three years.

Business Updates and Expansion

Accord Transformer & Switchgear Limited secured transformer and compact substation supply orders aggregating approximately ₹9.70 crores during the year. The company successfully completed the Dynamic Short Circuit Test for its 17.60 MVA inverter duty transformer at CPRI, enhancing its technical capabilities. It has identified land for a proposed manufacturing facility expansion of approximately 2.50 lakh square feet to support capacity requirements for EHV transformers. Additionally, the company signed a strategic MoU with the Western Administrative District of Moscow focused on energy infrastructure and EPC projects.

Management Commentary

Pradeep Kumar Verma, Founder & Managing Director, stated that the company is well-positioned to participate in the sector's long-term growth opportunities. He highlighted that increasing investments in power transmission, distribution, and renewable energy will drive demand. Nitin Gupta, Chief Financial Officer, noted that the company is not currently declaring dividends as it focuses on working capital and capital expenditure needs for the next one to two years.

Accord Transformer & Switchgear Limited has announced the receipt of multiple work and supply orders worth ₹53.50 Lakhs. The orders were secured during the period from May 20, 2026 to May 23, 2026, and fall under the routine operations of the company.

Order Details

The company disclosed that the orders are for the supply of transformers to domestic private sector firms. The specific orders include a commercial order for a 2500 KVA, 11kV/433V, 3-phase transformer and an order for an 1800 kVA Inverter Duty Transformer. The identity of the clients has not been disclosed due to privacy terms and mutual understanding.

Financial and Operational Overview

The total value of the orders amounts to ₹53.50 Lakhs. The projects are scheduled tentatively for completion within one to three months from the order date. The company confirmed that these orders do not alter its business model, risk profile, or financial position beyond what has been previously disclosed.

The company clarified that the promoter group and group companies hold no interest in the entities awarding the orders. Additionally, the transactions do not qualify as related party transactions.