Trishakti Electronics reported its strongest quarterly financial performance in history for Q1 FY27, driven by successful execution of strategic transformation and fleet expansion. Total income surged nearly 310% year-on-year to ₹1,680 lakhs, while EBITDA grew approximately four times to ₹1,087 lakhs. The company maintained a healthy EBITDA margin of approximately 65%, demonstrating strong operating leverage despite significant business expansion. Profit before tax increased to ₹538 lakhs, and profit after tax rose to ₹430 lakhs.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The earnings conference call was held on July 23, 2026, and the transcript was released on July 28, 2026, signed by Mahesh Kumar Sharma, Company Secretary and Compliance Officer.

Financial Performance and Operational Metrics

Trishakti Industries maintained 100% fleet utilization during the quarter, reflecting strong demand from marquee customers in renewable energy, infrastructure, railways, steel, oil and gas, and industrial projects. The current fleet size stands at approximately 155–158 machines. Management highlighted that the macro environment remains highly favorable due to record government capital expenditure and increasing investments in transportation, energy, and urban infrastructure.

Strategic Expansion: Wind Energy and International Markets

The company announced two key strategic initiatives to support long-term growth. First, Trishakti is entering the wind energy equipment rental segment, positioning itself to capitalize on the shift from 3.3-megawatt to 5-megawatt wind turbines, which require larger 900-ton machines. CEO Dhruv Jhanwar noted that the company has ordered these machines, which have a lead time of four months, and expects them to start contributing meaningfully to revenue in Q3 and Q4 FY27. The yield in this segment is expected to be similar to the current fleet, but with higher ticket sizes providing exclusivity against smaller competitors.

Second, the company announced plans to expand operations into the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA). This expansion is driven by client requests from major EPC firms like L&T, Afcon, and KEC, who have secured large orders in the region. Management indicated that rental yields in the Middle East are approximately 4% per month, compared to 2.5% in India, with expected EBITDA margins of 50–52%. The company aims to deploy machines in the UAE and KSA within the next two to three quarters, starting with renewable energy projects.

Capital Allocation and Future Outlook

Trishakti Industries had previously guided for an INR 400 crore capital expenditure plan. Approximately INR 270 crores of this has already been executed, with the cumulative gross block touching this number. The remaining INR 130–140 crores is planned for execution in FY27, potentially including purchases for the wind energy segment. Management stated that 70% of the remaining CapEx has already been placed as orders, including new tower cranes for data center projects.

The current executable order book stands at approximately INR 70–72 crores, which management expects to generate around 60–65% EBITDA and 25–30% PAT margins. Borrowings are currently at approximately INR 80–85 crores, with an average interest rate of 8.5–8.75%. Management anticipates that machines financed in 2024–2025 will become operating cash flow positive in 2027–2028, improving free cash flow. Debtor days are expected to streamline to under 60–70 days in the current financial year, down from previous levels, as core business payments are received within 60 days.

Trishakti Industries Limited reported a 373.01% year-on-year increase in standalone net profit for the quarter ended June 30, 2026, rising to ₹430.11 lakh from ₹90.93 lakh in the same period last year. This growth was driven by a 309.87% surge in total income, which reached ₹1,680.38 lakh, compared to ₹409.97 lakh in Q1 FY26. The company attributed the exceptional performance to strong fleet expansion, high utilization, and sustained demand across infrastructure and renewable sectors.

Revenue from operations grew 252.15% year-on-year to ₹1,438.12 lakh. EBITDA for the quarter increased approximately 4x to ₹1,087.83 lakh, while EBITDA margins stood at 64.74%. Profit before tax rose 344.97% to ₹538.11 lakh. The company’s earnings per share (EPS) improved to ₹2.61 from ₹0.56 in the previous year.

Standalone Financial Results (Q1 FY27)

Mr. Dhruv Jhanwar, Chief Executive Officer of Trishakti Industries Limited, stated that the strategic investments over the past two years are translating into strong financial performance. He highlighted the strong operating leverage of the business model as fleet utilisation and project execution continued to strengthen. The company remains focused on disciplined execution, enhancing operational efficiencies, and creating long-term value for stakeholders.

The board, in its meeting held on July 22, 2026, approved the unaudited financial results for the quarter. The company is executing a ₹400 crore multi-year CAPEX program (FY25-FY27) focused on expanding fleet capacity and improving operational efficiencies to capture a growing share of India’s large-scale project development market. Additionally, the board approved Trishakti's strategic entry into the wind energy equipment rental sector and announced intentions to expand into the UAE and the Kingdom of Saudi Arabia, subject to regulatory approvals.