Powerica Limited has announced exceptional financial results for Q3FY26, with consolidated net profit surging 226.5% year-on-year to ₹97.65 crore. The Board of Directors approved these results at their meeting held on April 21, 2026, marking the company's first quarterly disclosure since its successful IPO listing.

Regulatory Compliance and Publication

Pursuant to Regulation 30 read with Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Powerica Limited filed newspaper advertisement copies with stock exchanges on April 23, 2026. Company Secretary & Compliance Officer Anita Renuse submitted the documentation to both BSE Limited and National Stock Exchange of India Limited.

The unaudited financial results were published in Financial Express and Navshakti newspapers on April 23, 2026, ensuring compliance with regulatory disclosure requirements.

Outstanding Financial Performance

The company delivered remarkable growth across key financial metrics during Q3FY26. Revenue from operations reached ₹762.93 crore, representing an 8.3% increase from ₹704.22 crore in Q3FY25. The substantial profit growth was driven by improved operational efficiency and favorable tax adjustments.

Nine-Month Performance Highlights

For the nine-month period ending December 31, 2025, Powerica achieved consolidated revenue of ₹2,210.37 crore, up 14.5% from ₹1,931.08 crore in the previous year. Net profit for the period reached ₹232.20 crore, marking a substantial 72.4% increase from ₹134.70 crore in 9MFY25.

Segmental Business Performance

The Generator Set Business Division contributed 81.8% of total revenue at ₹1,807.16 crore in 9MFY26, achieving 11.8% year-on-year growth with an EBITDA margin of 9.3%. The Wind Power Business Division contributed 18.2% at ₹403.21 crore, demonstrating stronger 28.0% growth with an impressive EBITDA margin of 33.1%.

Tax Regime Transition and Board Changes

The exceptional profit growth was supported by a deferred tax credit of ₹67.53 crore following the company's decision to adopt the new concessional tax regime under Section 115BAA, effective from financial year 2026-27. This transition resulted in a write-back of ₹58.99 crore in the Statement of Profit and Loss.

The Board appointed Mr. Rabindra Nath Nayak as Additional Non-Executive Independent Director, effective April 21, 2026, for a five-year term. Nayak brings 39 years of power sector experience, including his role as former Chairman & Managing Director of Power Grid Corporation of India Limited. The appointment is subject to shareholder approval through postal ballot.

Additionally, the Board noted the resignation of Mr. Maheswar Sahu as Independent Director effective April 16, 2026, and reconstituted the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee following this change.

IPO Success and Financial Position

Powerica successfully completed its Initial Public Offering, raising ₹700 crore through fresh issue and ₹400 crore through offer for sale. The company's shares were listed on NSE and BSE on April 2, 2026. Post-IPO, the company has repaid approximately ₹525 crore of borrowings and maintains strong cash reserves of nearly ₹450 crore.

Powerica Limited's Q3FY26 results demonstrate exceptional operational performance and strategic positioning following its successful public market debut. With reduced debt burden, strong cash position, and diversified business segments showing robust growth, the company is well-positioned for continued expansion in both power generation and renewable energy sectors.

Powerica Limited has announced the resignation of its Independent Director Mr. Maheswar Sahu (DIN: 00034051) with immediate effect on April 16, 2026. The resignation was submitted due to urgent family commitments, as communicated to both BSE Limited and National Stock Exchange of India Limited under regulatory compliance requirements.

Resignation Details

The company informed the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sahu's departure means he will also cease to be Chairman or member of the Board Committees in which he currently serves.

Other Directorships

Mr. Sahu holds directorships in several other listed entities across various sectors. His current positions include:

Listed Entity Directorships:

• Ambuja Cements Limited - Non-Executive Independent Director
• Maruti Suzuki India Limited - Non-Executive Independent Director
• Diamond Power Infrastructure Limited - Non-Executive Independent Director
• FYNX Capital Limited - Non-Executive Non-Independent Director
• IMP Powers Limited - Independent Director
• 63 Moons Technologies Limited - Non-Executive Non-Independent Director

Committee Positions

Mr. Sahu serves in key committee roles across his directorships:

Regulatory Compliance

The company has fulfilled all disclosure requirements as mandated under SEBI regulations. Company Secretary & Compliance Officer Anita Renuse (ACS: 25102) signed the regulatory filing. Mr. Sahu confirmed through written communication that no other material reasons exist for his resignation beyond the urgent family commitments mentioned in his resignation letter.

The resignation letter was submitted on April 16, 2026, and the company has requested the stock exchanges to take the information on record as per standard regulatory procedures.