Pace Digitek FY26 PAT Rises 10.1%; Eyes 2.5 GWh Capacity by Q2 FY27

Pace Digitek reported a 10.1% year-on-year increase in profit after tax to ₹307.3 crore for the financial year ended March 31, 2026, driven by growth in its energy and telecom infrastructure businesses. Revenue from operations rose 8.3% to ₹2,641.3 crore during the same period. The company's total order book stood at ₹11,338 crore as of May 25, 2026, providing significant earnings visibility for the coming years.

Financial Performance

For the fourth quarter of FY26, revenue surged 60.5% year-on-year to ₹1,096.8 crore, while profit after tax increased 88.1% to ₹105.9 crore. EBITDA for the quarter grew 114% to ₹163.2 crore, with margins expanding to 14.9%. On a full-year basis, EBITDA stood at ₹455.2 crore, with a margin of 17.2%. The balance sheet reflects a strengthened equity base post-IPO, with total equity reaching ₹2,252.2 crore. Net debt stood at ₹191.6 crore, resulting in a net debt-to-equity ratio of 0.09x. The company deployed ₹417.3 crore of IPO proceeds towards the MSEDCL BESS project capex by the end of FY26.

Particulars (₹ Cr):	FY2026	FY2025	YoY Change
Revenue from operations:	2,641.3	2,438.8	8.3%
EBITDA:	455.2	481.7	(5.5)%
Profit After Tax:	307.3	279.1	10.1%

Order Book and Business Segments

The diversified order book of ₹11,338 crore is split between Energy (78.1%) and Telecom & ICT (21.9%). In the Energy segment, the company has secured 5.32 GWh of executable orders across Build-Own-Operate (BOO), EPC, and supply models, totalling ₹8,854 crore. The Telecom & ICT segment contributes ₹2,484 crore to the order book, driven by projects for clients such as BSNL and Railtel.

Segment:	Order Book Value (₹ Cr)	Percentage
Energy:	8,854	78.1%
Telecom & ICT:	2,484	21.9%
Total:	11,338	100%

GigaFactory Expansion and Revenue Guidance

Pace Digitek is advancing its GigaFactory expansion with defined capacity milestones, targeting 2.5 GWh of battery manufacturing capacity by Q2 FY27 and 5 GWh of backward integration by Q3 FY27. This is part of the company's broader plan to scale BESS manufacturing capacity from 2.5 GWh to 10 GWh to support the growing order book. The company had commissioned a large-scale BESS manufacturing facility at Bidadi, Karnataka, in FY25. Management has provided revenue guidance of ₹3,200–3,400 crore for FY27 and ₹4,000–4,200 crore for FY28, underpinned by the strong order book and structural demand for energy transition infrastructure.

Expansion Milestone:	Details
Battery Capacity Target:	2.5 GWh by Q2 FY27
Backward Integration Target:	5 GWh by Q3 FY27
Long-term Capacity Goal:	10 GWh
Manufacturing Facility:	Bidadi, Karnataka
FY27 Revenue Guidance:	₹3,200–3,400 crore
FY28 Revenue Guidance:	₹4,000–4,200 crore

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.09%	-1.91%	-3.39%	-7.79%	-15.68%	-15.68%

Pace Digitek Limited has initiated a postal ballot process to seek shareholder approval for material related party transactions (RPTs) aggregating ₹5,595 crore with its subsidiaries for FY 2026-27. The resolutions also seek approval for the Pace Digitek Employee Stock Option Plan 2026 (PDL ESOP 2026), covering 20,00,000 options. The remote e-voting period commences on June 23, 2026, and concludes on July 22, 2026.

The Board has identified three material subsidiaries for these transactions: Lineage Power Private Limited, Pace Ecoplanet Solace Private Limited, and Inso Pace Private Limited. The proposed transaction limits are ₹3,650 crore with Lineage Power, ₹1,035 crore with Pace Ecoplanet Solace, and ₹910 crore with Inso Pace. These limits are enabling approvals intended to provide operational flexibility for executing projects, including those awarded by MAHAGENCO and KPTCL, and to support the company’s backward integration strategy in manufacturing Battery Energy Storage Systems (BESS).

Related Party Transaction Details

Related Party	Transaction Limit (₹ crore)	Purpose
Lineage Power Private Limited	3,650	Purchase of BESS, inter-corporate loans, management consultancy
Pace Ecoplanet Solace Private Limited	1,035	Sale of products/services for MAHAGENCO project, management support
Inso Pace Private Limited	910	EPC execution for KPTCL project, inter-corporate loans, investments

The Audit Committee and Board of Directors have reviewed and recommended these transactions, affirming they are in the ordinary course of business and at arm’s length. The company has enhanced disclosures following a previous postal ballot in April 2026 where similar resolutions did not receive the requisite majority.

PDL ESOP 2026

The PDL ESOP 2026 proposes to grant up to 20,00,000 options to eligible employees of the company and its subsidiaries. Options will vest between one and four years from the date of grant, with a maximum exercise period of four years. The scheme will be administered directly by the company through the fresh issue of equity shares with a face value of ₹2 each. The Nomination and Remuneration Committee will determine the exercise price, which will not be less than the face value.

Voting Schedule

Event	Date
Cut-off Date	June 19, 2026
Commencement of e-Voting	June 23, 2026 (9:00 A.M. IST)
End of e-Voting	July 22, 2026 (5:00 P.M. IST)
Declaration of Results	On or before July 24, 2026

M/s. MUFG Intime India Private Limited has been appointed as the Registrar and Transfer Agent to facilitate the remote e-voting process. Shareholders can cast their votes through the e-voting link provided on the company’s website and the websites of BSE and NSE.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0S3G01027/a38ef931-da87-434d-a92a-f744a6a2273a.pdf