Atlanta Electricals Q3FY26 Results: Revenue Surges 80%, EBITDA Jumps 120% YoY
Atlanta Electricals delivered outstanding Q3FY26 performance with revenue growing 79.7% YoY to ₹472 crores and EBITDA surging 119.6% to ₹91 crores, driven by new Vadod facility contributions and operational leverage. The company secured a record order book of ₹2,451 crores with significant contracts from GETCO and Adani Green Energy, positioning it well to capitalize on India's multi-year transmission infrastructure growth opportunity.
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Atlanta Electricals Limited has announced exceptional Q3FY26 financial results under Regulation 30, demonstrating remarkable growth across all key performance metrics. The transformer manufacturer reported substantial increases in revenue, profitability, and operational efficiency, with the new Vadod facility contributing significantly to the quarter's strong performance.
Comprehensive Q3FY26 Financial Performance
The company's consolidated financial results for Q3FY26 showcase impressive year-on-year growth across all major parameters:
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹472.00 crores | ₹263.00 crores | +79.70% |
| EBITDA: | ₹91.00 crores | ₹42.00 crores | +119.60% |
| EBITDA Margin: | 19.40% | 15.80% | +360 bps |
| PAT: | ₹43.00 crores | ₹22.00 crores | +94.60% |
| Basic & Diluted EPS: | ₹24.17 | ₹12.44 | +94.30% |
The remarkable revenue growth of nearly 80% year-on-year demonstrates the company's strong market execution and the successful contribution from the new Vadod facility. The even more impressive 120% surge in EBITDA reflects enhanced operational efficiency and favorable product mix optimization.
Nine-Month Performance and Margin Expansion
For the nine-month period ending December 2025, Atlanta Electricals maintained strong momentum with revenue from operations reaching ₹1,104 crores, representing 32.60% year-on-year growth. EBITDA for 9MFY26 stood at ₹195 crores with margins of 17.70%, expanding by 265 basis points year-on-year.
| Nine-Month Metrics: | 9MFY26 | 9MFY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹1,104.00 crores | ₹833.00 crores | +32.60% |
| EBITDA: | ₹195.00 crores | ₹125.00 crores | +56.00% |
| PAT: | ₹100.00 crores | ₹74.00 crores | +34.60% |
Record Order Book and Major Contract Wins
Atlanta Electricals achieved a record consolidated order book of ₹2,451 crores as of December 2025, providing strong execution visibility for future quarters. The company secured significant orders during Q3FY26, including a ₹298 crores contract from GETCO for 25 high-capacity transformers and a ₹134 crores order from Adani Green Energy Limited for Inverter Duty Transformers.
| Major Order Details: | Specifications |
|---|---|
| GETCO Order Value: | ₹298.00 crores |
| Transformer Units: | 25 high-capacity transformers |
| Adani Green Order: | ₹134.00 crores |
| Q3FY26 Order Intake: | ₹796.00 crores |
Operational Expansion and Facility Development
The Vadod facility contributed approximately one-third of Q3FY26 revenue, while Atlanta Trafo commenced operations during the quarter. The company has expanded its testing capabilities to seven NABL-accredited testing laboratories, up from four in Q2FY26, strengthening its high-voltage testing capabilities.
Management Outlook and Strategic Positioning
Chairman and Managing Director Niral Patel highlighted the completion of the company's investment phase, with manufacturing capacity expanded to 63,060 MVA - nearly a fourfold increase over the past 18 months. The focus now shifts to driving capacity utilization to unlock operating leverage benefits, positioning the company to capitalize on the structural growth opportunity in India's transformer industry with ₹9.60 trillion of transmission investment planned through 2032.
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