Powerica Limited has scheduled a group meeting with investors and analysts for August 21, 2026, at 3:00 pm IST. The virtual session aims to provide updates based on publicly available information.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the schedule, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

Disclosure Standards

Officials of the company will conduct the interaction virtually. The discussions will be strictly limited to publicly available information. No unpublished price-sensitive information (UPSI) is intended to be shared during the session.

Anita Renuse, Company Secretary and Compliance Officer of Powerica Limited, signed the intimation issued from Mumbai on August 18, 2026.

Powerica Limited reported a consolidated net profit of ₹64.43 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 27.3% year-on-year increase from ₹50.59 crore in Q1FY26. The Mumbai-based power equipment manufacturer posted consolidated revenue from operations of ₹780.11 crore, up 26.7% from ₹615.89 crore in the same period last year. This growth was primarily driven by robust demand in its generator set business and a significant operational turnaround in its wind power segment, which returned to profitability after posting a loss in the preceding quarter.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 07, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Kapoor & Parekh Associates issued a limited review report on the financial statements. Standalone net profit stood at ₹59.95 crore, up from ₹41.69 crore in Q1FY26, with standalone revenue reaching ₹728.27 crore.

Segment Performance and Operational Highlights

The company's diversified portfolio showed resilience across both core businesses. The generator set business, which includes manufacturing and trading of generating sets, reported segment revenue contributing 81.4% to total revenue. Within this segment, DG sets powered by Cummins engines accounted for 72.0% of revenue, up from 67.8% in Q1FY26. Notably, data centers accounted for 20% of the generator set business revenue in Q1FY27, reflecting growing demand from the digital economy. Meanwhile, the wind power segment delivered segment revenue of ₹145.0 crore, up 28.8% YoY, driven by the installation of an additional 51.3 MW capacity in February 2026. The wind segment reported an EBITDA margin of 48.6%, compared to 46.5% in the previous quarter, marking a notable turnaround from a loss of ₹5.84 crore in March 2026.

The following table summarizes the key consolidated financial metrics for the quarter:

Financial Health and Balance Sheet Strength

Powerica's balance sheet strengthened significantly following its Initial Public Offer (IPO). As of June 2026, the company held net cash of ₹193 crore, reflecting the repayment of borrowings using IPO proceeds. Of the ₹661.54 crore in net IPO proceeds, ₹525.00 crore was utilized for prepayment/repayment of outstanding borrowings, and ₹29.31 crore was used for general corporate purposes. The remaining unutilized amount of ₹107.23 crore is temporarily invested in fixed deposits or held in the monitoring account, with Crisil Ratings Limited serving as the monitoring agency. Lower finance costs, down to ₹1.6 crore from ₹6.3 crore in Q1FY26, contributed to improved profitability. Gross profit margins contracted slightly to 33.5% from 36.8% due to elevated commodity prices and changing revenue mix.

Strategic Expansion and Order Book

Powerica continues to expand its renewable energy footprint through strategic acquisitions and new subsidiaries. During the quarter, the company acquired a 49% stake in Fuji-Kailash Energy Private Limited (FKEPL) for ₹3.00 crore, making it an associate effective May 5, 2026. Additionally, Powerica incorporated two wholly owned subsidiaries, Windfusion Renewable Private Limited and Whisperwind Renewable Private Limited, to undertake the development and construction of wind, solar, and hybrid renewable power projects. The Board also approved the incorporation of two more wholly owned subsidiaries, Windcrest Renewable Private Limited and Windburst Renewable Private Limited.

The company secured significant new orders in the wind sector, including a Power Purchase Agreement (PPA) for a 100 MW Wind Project from GUVNL's Wind Power in Gujarat at a tariff of ₹3.435 per kWh for 25 years. It also secured bids for 100 MW from SECI at ₹3.85 per unit and 50 MW from GUVNL at ₹3.51 per unit. Furthermore, Powerica signed an agreement with GE Vernova to supply 28 units of its 3.8 MW–154m onshore wind turbines for the 100 MW Botad Wind Farm project in Gujarat. As of July 31, 2026, the order book for DG sets powered by Cummins stood at approximately ₹1,700 crore, with data centre-related orders accounting for approximately ₹900 crore.

Management Outlook

In its post-results concall, management reiterated double-digit revenue growth guidance for FY27, supported by a strong order book in DG sets and planned expansion in wind power. Bharat Oberoi, Chairman and Managing Director, noted that while H1 FY27 is expected to remain relatively subdued due to commodity price inflation putting pressure on margins, genset business EBITDA margins are anticipated to be subdued in Q1 and part of Q2 due to geopolitical uncertainties and commodity price inflation, with improvement expected from Q3 onward. Margins are expected to improve over the longer term through operating leverage, product mix improvements, and continued growth in engineering-led solutions.

On the renewable energy front, the IPP wind capacity is planned to reach 633.55 MW, with 50 MW added in the current financial year, 150 MW in the next year (FY28), and another 100 MW in the subsequent financial year, alongside its existing 330.85 MW portfolio. The data center order book of ₹900 crore as of July 31, 2026 is expected to be executed over the next 12 to 18 months, with the data center revenue mix projected to be 20% plus on an annualized basis.