Indo SMC Limited reported a 135.96% year-on-year increase in revenue to ₹88.12 Cr for the quarter ended June 30, 2026. The surge in financial performance was driven by capacity expansion, new product development, and strategic export initiatives. The company operates as an integrated manufacturer of advanced electrical enclosures, transformers, switchgear, and SMC and FRP-based products.

Financial Performance – Q1 FY27

The company achieved a total revenue of ₹88.12 Cr in Q1 FY27. The Nashik manufacturing facility contributed the majority of this revenue, followed by the Ahmedabad and Ghiloth units.

Capacity & Utilisation

SMC & FRP Division

The SMC & FRP Division reported an overall capacity utilisation of 9.10% during the quarter. FRP Gratings & Pultruded Sections saw a utilisation of 18.38%, while SMC Electrical Enclosures & Sheets utilised 3.79% of their installed capacity.

Electrical Division (Nashik)

In the Electrical Division, High Tension Current Transformers achieved a utilisation of 25%, while Metering Cubicles operated at 20% capacity. Low Tension Current Transformers and Distribution Boxes recorded 0% utilisation.

Key Highlights During Q1 FY27

Manufacturing Capacity Expansion

The company successfully installed Pultrusion Machines at the Ahmedabad manufacturing facility. This installation strengthens FRP manufacturing capabilities and enhances production capacity for structural composite products. Ongoing investments in advanced manufacturing are aimed at improving operational efficiency.

Product Development Progress

Vacuum Circuit Breaker (VCB) drawings for machines required at the Nashik plant are under final approval. Additionally, 33 kV Metering Cubicle approvals for Isolator and Carrier-to-Noise Ratio (CNR) are under process, which is expected to strengthen the electrical equipment portfolio.

Export Milestone

Indo SMC executed its first export shipment of FRP products to Oman. This milestone marks the company's entry into international markets for FRP solutions and expands its global customer base.

New Order Win

The company received a Tarpaulin order from Indian Railways, strengthening its presence across government and infrastructure-related sectors.

Indo SMC Ltd has secured a purchase order worth Rs 6660 Lacs for the supply of VFD Panels from a prominent Indian engineering company. The order, received on July 21, 2026, underscores the company's execution capabilities and its long-standing relationship with the customer. The contract is valued at Rs 6660 Lacs, excluding applicable taxes, and involves the supply of Variable Frequency Drive (VFD) Panels, which regulate the speed and torque of electric motors.

The purchase order, numbered 5100016612, was issued on July 20, 2026, by a domestic entity engaged in heavy fabrication for core sectors such as power, sugar, cement, infrastructure, and railways. The order is classified as a commercial contract and requires delivery to be completed on or before July 31, 2026. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.

Order Details

The disclosure was made to the Bombay Stock Exchange in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Avani Patel, Company Secretary & Compliance Officer, signed the intimation on behalf of Indo SMC Limited.