Yash Highvoltage FY26 PAT Jumps 75% to ₹37.34 Cr

Yash Highvoltage Limited reported strong financial results for the year ended March 31, 2026, with revenue from operations surging 57% year-on-year to ₹235.16 crores. Profit after tax (PAT) for the period increased by 75% to ₹37.34 crores, while EBITDA grew 75% to ₹60.4 crores, expanding margins by 260 basis points to 25.7%. The company’s order book stands at over ₹400 crores, providing robust execution visibility for the next 12 to 24 months.

Consolidated Financial Performance

The company delivered record growth across key consolidated metrics. The following table details the audited financial performance for the half-year and full-year periods:

Metric	H2 FY26 (Audited)	H2 FY25 (Restated)	FY26 (Audited)	FY25 (Restated)
Revenue From Operations	₹13,557.03 Lakhs	₹9,252.41 Lakhs	₹23,516.08 Lakhs	₹14,957.38 Lakhs
Total Income	₹13,933.53 Lakhs	₹9,432.78 Lakhs	₹24,096.36 Lakhs	₹15,155.55 Lakhs
Total Expenses	₹10,565.56 Lakhs	₹7,495.90 Lakhs	₹18,878.50 Lakhs	₹12,334.38 Lakhs
Net Profit for the Period	₹2,363.84 Lakhs	₹1,497.50 Lakhs	₹3,732.32 Lakhs	₹2,144.71 Lakhs

Basic earnings per share (EPS) for the full year stood at ₹13.08, compared to ₹8.94 in the previous year. CFO Sumit Poddar confirmed that the statutory auditor issued an unmodified opinion on both standalone and consolidated results.

Strategic and Operational Updates

Management highlighted that the Greenfield expansion project is in its final stage, with civil work substantially complete and commercial production targeted for H2 FY27. The facility is designed to manufacture Resin Impregnated Paper (RIP) bushings up to 550 kV, reducing import dependency. The company has also expanded its design capability from 220 kV to 550 kV.

On the international front, the wholly-owned subsidiary Yash HV USA is now operational, and distribution partnerships with Widemann and Electrolink are active across select European and UK markets. The acquisition of Sukrut Electric Company Private Limited has been closed, with management focusing on operational stabilization to drive future growth.

Balance Sheet and Cash Flow

The balance sheet reflects a strong asset base, with total assets growing to ₹26,441.84 Lakhs from ₹20,405.52 Lakhs in the previous year. The company maintains a debt-to-equity ratio of 0.17 times. Net cash from operating activities for the year stood at ₹882.02 Lakhs, while net cash used in investing activities was ₹1,486.30 Lakhs, primarily due to capital expenditure of ₹5,920.15 Lakhs on property, plant, and equipment.

Exceptional Items and Audit

An exceptional item of ₹2.10 crore was recorded relating to a cyber fraud incident involving a vendor based in China. The matter has been reported to the National Cyber Crime Reporting Portal and the police. The transition to Indian Accounting Standards (Ind AS) was completed during the year, with the auditor issuing an unmodified opinion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.49%	-10.19%	+3.35%	+42.55%	+169.59%	+145.53%

Yash Highvoltage Limited has notified BSE Ltd. of the resignation of Mr. Tushar J Lakhmapurkar (ICSI Membership No: F3809) from the position of Company Secretary and Compliance Officer, a Key Managerial Personnel (KMP) role. The resignation letter was dated May 5, 2026, and the intimation was made in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

Mr. Lakhmapurkar has cited personal reasons for his departure and has confirmed that there is no other material reason beyond what is stated in his resignation letter. He will be relieved of his responsibilities as Company Secretary and Compliance Officer with effect from May 30, 2026, after the closing of business hours. The company has also noted that this cessation extends to all other positions held by Mr. Lakhmapurkar in any group companies or committees of the company.

The key details of the change in KMP, as disclosed under Schedule III — Para A (7 & 7C) of Part A of Regulation 30, are summarised below:

Parameter:	Details
Name:	Mr. Tushar J Lakhmapurkar
Reason for Change:	Resignation due to personal reason
Date of Cessation:	May 30, 2026 (after closing of business hours)
Brief Profile (Appointment):	Not Applicable
Relationship Between Directors (Appointment):	Not Applicable

Company Communication

The intimation was signed by Keyur Shah, Managing Director (DIN: 01064190), on behalf of Yash Highvoltage Limited. The disclosure was filed with BSE Ltd. on May 5, 2026, and the company has stated that the information will also be made available on its website at www.yashhv.com . Mr. Lakhmapurkar has expressed his commitment to ensuring a smooth handover of responsibilities and records pertaining to his position prior to his last working day.