Atlanta Electricals Limited (NSE: ATLANTAELE, BSE: 544527), a leading Indian transformer manufacturer, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company has also approved a significant capital expenditure for a new manufacturing facility.

Financial Highlights

For Q2 FY26, Atlanta Electricals reported:

• Revenue from operations of ₹316.96 crore, up 17.3% year-over-year (YoY)
• EBITDA of ₹54.80 crore, a 30.5% increase YoY
• EBITDA margin expansion of 175 basis points to 17.3%
• Net profit of ₹25.30 crore, a slight decrease of 6% YoY

For H1 FY26, the company achieved:

• Revenue from operations of ₹632.07 crore, up 10.9% YoY
• EBITDA of ₹104.00 crore, a 24.2% increase YoY
• Net profit of ₹56.00 crore, up 8.7% YoY

Operational Performance

The company's strong performance was driven by:

• Healthy demand from the power transmission and distribution (T&D) sector
• Timely execution of high-value orders
• Operating leverage benefits
• Favorable product mix with higher contribution from power transformers
• Improved procurement efficiency of key raw materials like copper and CRGO steel

Order Book and New Contracts

Atlanta Electricals maintains a robust order book of ₹2,069.00 crore as of September 30, 2025, providing clear visibility for the coming quarters. Notable new orders in Q2 FY26 include:

The export order marks the company's entry into key markets across Asia and the Middle East.

Management Commentary

Niral Patel, Chairman and Managing Director of Atlanta Electricals Limited, commented on the results: "The first half of FY26 marks a period of continued momentum and operational strength for Atlanta Electricals. Building on the foundation laid in Q1, we sustained our growth trajectory with strong execution, steady order inflows, and enhanced manufacturing efficiency."

He added, "Our manufacturing facilities continued to operate at high utilization levels, supported by process automation and quality enhancements. We also progressed on our capacity expansion roadmap, with incremental capacity additions and workflow optimization expected to further strengthen throughput in the coming quarters."

Future Outlook

Atlanta Electricals plans to focus on:

• Sustaining growth through operational excellence
• Timely project execution
• Margin stability
• Expanding presence across domestic and international markets
• Diversifying the customer base
• Driving innovation through technology and design

Capital Expenditure Approval

The company's Board of Directors has approved a capital expenditure of ₹65.00 crore for setting up a new manufacturing facility dedicated to the production of Inverter Duty Transformers. This investment is expected to be funded through a blend of debt and internal accruals.

Recent Corporate Developments

• Atlanta Electricals Limited went public in September 2025, listing on both BSE and NSE with an Initial Public Offering (IPO) of 53.11 lakh equity shares at ₹754 per share.
• The company specializes in manufacturing power and special duty transformers.
• On November 11, 2025, the company's Board held a meeting that concluded within 16 minutes, approving the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the capital expenditure for the new manufacturing facility.

Atlanta Electricals Limited continues to strengthen its position in the power transformer market, leveraging its expertise and expanding capabilities to meet the growing demand in the power transmission and distribution sector.

Note: All financial figures are in Indian Rupees (₹).

Atlanta Electricals Limited, a leading transformer manufacturer in India, has reported a solid start to the fiscal year 2026 with a 5.1% year-on-year increase in revenue for the first quarter. The company's financial performance and strategic moves signal its commitment to growth and expansion in the transformer market.

Financial Highlights

Atlanta Electricals reported the following key financial metrics for Q1 FY26:

The company's EBITDA growth outpaced revenue growth, indicating improved operational efficiency. The EBITDA margin of 15.5% and PAT margin of 9.9% reflect the company's ability to maintain profitability while pursuing growth.

Operational Updates

Capacity Expansion and Acquisition

Atlanta Electricals has significantly expanded its manufacturing capacity through strategic moves:

1. Completed the acquisition of BTW-Atlanta Transformers India Private Limited, now renamed Atlanta Trafo Private Limited.
2. Operationalized the new Vadod Unit.

These expansions have increased the company's total manufacturing capacity to 63,060 MVA across five facilities, positioning Atlanta Electricals as a major player in the transformer industry.

Order Book and Market Position

• The consolidated order book stands at Rs. 1,584.00 crores as of June 30, 2025, providing strong execution visibility.
• The company has a diverse customer base across 19 states and three union territories, reducing concentration risk.
• Atlanta Electricals won a significant order worth Rs. 183.00 crores for 400 kV class transformers from a private customer, marking its entry into higher voltage segments.

Credit Rating Upgrade

The company received a credit rating upgrade to Crisil A stable and Crisil A1, reflecting its improved financial profile and market position.

Future Outlook

Atlanta Electricals is well-positioned to capitalize on the growing demand for transformers in India and globally:

1. The company expects newly added facilities to contribute significantly to the top line in the second half of FY26.
2. Management is focusing on expanding its presence in higher kV segments (400 kV and 765 kV) to capture more lucrative opportunities.
3. The global transformer market is projected to reach approximately $91.00 billion by 2029, growing at a 6.9% CAGR, driven by renewables, data centers, and grid modernization.
4. In India, the transformer market is expected to reach $8.50 billion by FY30, with the power transformer sector alone projected to reach $3.50 billion at a 15% CAGR.

Atlanta Electricals' Chairman and Managing Director, Mr. Niral Krupeshbhai Patel, expressed confidence in the company's growth trajectory, stating, "We now enter FY26 with strong order visibility, upgraded credit ratings, and enhanced capacity. With our broad product portfolio, engineering excellence, and disciplined financial approach, we are well-positioned to convert today's visibility into sustained growth and long-term value creation."

Conclusion

Atlanta Electricals Limited's Q1 FY26 results and recent strategic moves demonstrate the company's commitment to growth and its ability to capitalize on the expanding transformer market. With its increased manufacturing capacity, improved financial metrics, and focus on higher-value products, the company appears well-positioned to meet the growing demand for transformers in India and potentially in international markets.