Danish Power FY26 Net Profit Rises 20% to ₹7,001 Lakhs
Danish Power reported a 20% year-on-year increase in standalone net profit to ₹7,001.06 lakhs for FY26, with consolidated net profit reaching ₹6,898.17 lakhs. The Board recommended a final dividend of ₹2 per share and noted the adoption of Ind AS. The company also submitted the transcript of its investor conference call held on May 11, 2026.

*this image is generated using AI for illustrative purposes only.
Danish Power Limited convened a Board meeting on May 9, 2026, approving the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. The Board recommended a final dividend of ₹2 per equity share (i.e., @20%) of ₹10 each for FY26, subject to shareholder approval. Statutory auditors M/s H C Bothra & Associates issued an unmodified audit opinion. Notably, these are the first financial statements prepared under Indian Accounting Standards (Ind AS), with a transition date of April 1, 2024. The Board also noted that the new Labour Codes notified by the Government of India have no material impact on the financial statements.
Subsequently, an investor and analyst conference call was held on May 11, 2026, to discuss the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Danish Power submitted the audio recording and transcript of the conference call to the National Stock Exchange of India Limited on May 13, 2026 and May 16, 2026 respectively. The recording has been uploaded on the company's website.
Standalone Financial Performance
Danish Power delivered a strong standalone performance for FY26. The table below presents the key financial highlights:
| Metric: | H2 FY26 (Audited) | H2 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations: | ₹30,984.01 lakhs | ₹26,123.15 lakhs | ₹52,090.32 lakhs | ₹42,496.74 lakhs |
| Total Income: | ₹31,354.19 lakhs | ₹26,760.86 lakhs | ₹53,021.24 lakhs | ₹43,253.05 lakhs |
| Total Expenses: | ₹26,132.51 lakhs | ₹21,670.34 lakhs | ₹43,909.41 lakhs | ₹35,416.41 lakhs |
| Net Profit After Tax: | ₹4,117.15 lakhs | ₹3,769.19 lakhs | ₹7,001.06 lakhs | ₹5,813.02 lakhs |
| Basic EPS (Annualised): | ₹41.82 | ₹45.23 | ₹35.55 | ₹34.88 |
Standalone Segment Performance
The company operates across Transformers and Panels segments. Segment-wise revenue for FY26 is as follows:
| Segment: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Transformers: | ₹47,863.60 lakhs | ₹39,229.97 lakhs |
| Panels: | ₹3,586.60 lakhs | ₹3,181.79 lakhs |
| Income from Other Sources: | ₹1,571.04 lakhs | ₹841.29 lakhs |
| Total Net Sales/Income: | ₹53,021.24 lakhs | ₹43,253.05 lakhs |
The standalone segment result before interest, depreciation, and tax showed an unallocable amount of ₹9,980.53 lakhs for FY26. After deducting interest and depreciation of ₹868.71 lakhs and tax expense of ₹2,110.76 lakhs, the net profit stood at ₹7,001.06 lakhs.
Consolidated Financial Performance
On a consolidated basis, Danish Power reported healthy growth. Key metrics include:
| Metric: | H2 FY26 (Audited) | H2 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations: | ₹30,984.02 lakhs | ₹26,197.38 lakhs | ₹52,144.66 lakhs | ₹42,670.98 lakhs |
| Total Income: | ₹31,240.66 lakhs | ₹26,749.56 lakhs | ₹52,873.01 lakhs | ₹43,299.44 lakhs |
| Total Expenses: | ₹26,052.39 lakhs | ₹21,660.38 lakhs | ₹43,829.39 lakhs | ₹35,514.89 lakhs |
| Net Profit After Tax: | ₹4,049.05 lakhs | ₹3,499.00 lakhs | ₹6,898.17 lakhs | ₹5,463.35 lakhs |
| Basic EPS (Annualised): | ₹41.12 | ₹41.99 | ₹35.03 | ₹32.78 |
The consolidated segment revenue for FY26 totaled ₹52,873.01 lakhs, with Transformers contributing ₹47,863.60 lakhs and Panels ₹3,586.60 lakhs. The consolidated net profit for the year was ₹6,898.17 lakhs.
Historical Stock Returns for Danish Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.62% | +3.76% | +1.27% | +23.09% | -16.33% | +41.80% |
How might Danish Power's transition to Ind AS accounting standards affect its valuation multiples and comparability with listed peers in the transformer manufacturing sector going forward?
Given the Transformers segment's dominant ~91% revenue contribution, what capacity expansion or diversification strategies is Danish Power likely to pursue to reduce segment concentration risk?
With revenue growing ~22.6% YoY in FY26, can Danish Power sustain this growth trajectory amid potential raw material cost pressures and increasing competition in India's power infrastructure sector?





























