Accord Transformer & Switchgear Ltd has secured a domestic purchase order worth ₹47 Lakh from Sunsure Energy Private Limited for the supply of transformers. The order involves 150 kVA and 500 kVA auxiliary transformers for solar and Battery Energy Storage System (BESS) projects located in Mundsar, Rajasthan. The projects are scheduled to be completed tentatively within three months.

Order Details

The company disclosed that the order is a commercial transaction received in the normal course of business. Accord Transformer & Switchgear Ltd will execute the project according to the terms specified in the purchase order. The company confirmed that the order does not involve any related party transactions and that neither the promoter group nor group companies hold any interest in Sunsure Energy Private Limited.

Key Order Particulars

The company stated that these orders are routine in nature and do not result in any change in the business model, risk profile, or financial position of the company beyond what has already been disclosed in the offer documents. The disclosure was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.