Susan Electricals turns profitable in Q1FY27 with 279% revenue jump
Susan Electricals India turned profitable in Q1FY27, reporting net profit of ₹639.13 lakh against a net loss of ₹41.55 lakh a year ago, as revenue rose 278.95% to ₹9,535.68 lakh. Operating profit expanded 980.20% to ₹1,137.34 lakh, with operating margin improving 774 basis points to 11.90%. The Co-Chairman plans a 60% capacity increase to 12,000 km per annum by February 2027, supported by an order book of ₹142.39 crore and an active order pipeline of ₹150 crore.

*this image is generated using AI for illustrative purposes only.
Susan Electricals India delivered a significant financial turnaround in its Q1FY27 results, shifting from a net loss to profitability while posting substantial revenue growth. The company reported net profit of ₹639.13 lakh for the quarter, compared to a net loss of ₹41.55 lakh in the corresponding period of the previous fiscal year. The Co-Chairman has outlined plans for a 60% capacity increase to 12,000 km per year, backed by an order book of ₹142 crore.
| Metric: | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue: | ₹9,535.68 lakh | ₹2,516.31 lakh | +278.95% |
| Operating Profit: | ₹1,137.34 lakh | ₹105.29 lakh | +980.20% |
| Net Profit: | ₹639.13 lakh | Loss of ₹41.55 lakh | Loss to Profit |
Revenue growth was pronounced, with top-line figures rising to ₹9,535.68 lakh from ₹2,516.31 lakh year-on-year. The surge in revenue coincided with the return to profitability, indicating improved cost management and a higher-margin sales mix during the period. Operating profit expanded sharply 980.20% to ₹1,137.34 lakh, reflecting better operational efficiency.
Strategic product mix shift
The improvement in margins is attributed to a strategic shift in the product mix toward higher-value cable products. In Q1FY27, LT Cables & Conductors contributed 65.68% of revenue, up from 46.70% in Q1FY26. HT Cables & MVCC share rose to 7.11% from 2.07%. Conversely, the share of Winding Wire declined to 24.39% from 47.74%. Management stated that this transition supports further improvement in EBITDA per unit and overall profitability.
Order book and capacity expansion
Susan Electricals reported an order book of approximately ₹142.39 crore as of June 30, 2026, providing strong near-term revenue visibility. Additionally, an active order pipeline of approximately ₹150 crore offers further visibility for sustained growth.
The company is proceeding with capacity expansion plans, targeting commercial operations from February 2027. This expansion will add 4,500 km per annum of capacity, increasing installed capacity from 7,500 km to 12,000 km per annum, representing a 60% increase. The project is estimated to cost ₹1,080.96 lakh, funded primarily through net proceeds from an offer.
What the numbers show
The simultaneous jump in revenue and swing to profit highlights a significant efficiency gain. With revenue nearly quadrupling while moving from a loss to a healthy profit position, the company appears to have leveraged economies of scale or benefited from favorable pricing dynamics in the quarter. The operating margin improved 774 basis points to 11.90% from 4.18%, while PAT margin turned positive at 6.70% from -1.65%.
Historical Stock Returns for Susan Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.57% | +7.42% | +17.96% | +118.98% | +118.98% | +118.98% |
How will the shift toward higher-margin LT and HT cables impact Susan Electricals' competitive positioning against larger industry players?
What are the potential risks associated with funding the ₹1,080.96 lakh capacity expansion primarily through net proceeds from an offer rather than debt?
Can the company sustain the 11.90% operating margin achieved in Q1FY27 as it scales up to 12,000 km annual capacity by February 2027?































