Shilchar Technologies Limited , a leading manufacturer of transformers, has reported a robust financial performance for Q2 FY26 and announced a significant capacity expansion plan.

Strong Financial Performance

The company delivered impressive results for the second quarter of FY26:

Shilchar Technologies' performance in the first half of FY26 has been equally strong, with a 39% top-line growth and a 54% bottom-line growth on a sequential basis.

Capacity Expansion

Shilchar Technologies has announced its largest capacity expansion project to date:

• Current capacity: 7,500 MVA
• Additional capacity: 6,500 MVA
• Total capacity post-expansion: 14,000 MVA
• Expected completion: April 2027
• Investment: ₹90.00 crores (funded through internal accruals)

This expansion will enable the company to manufacture 220 kV class transformers up to 100 MVA, marking its entry into a new product segment.

Order Book and Revenue Target

• Current order book: ₹300.00 crores
• FY26 revenue target: ₹750.00 crores
• Export-domestic revenue split: 50-50

Export Business and U.S. Tariffs

• New 50% tariff on transformers implemented in the U.S. from August 27, 2025
• Customers continue to place orders and pay additional duties
• U.S. exports comprise 12-15% of total revenue

Capacity Utilization and Future Outlook

• Q2 FY26 capacity utilization: 90-95%
• Full capacity revenue potential: ₹1,400.00-1,500.00 crores

The management remains optimistic about the growth prospects in both domestic and international markets, citing strong demand in the power and renewable energy sectors.

Domestic Market Drivers

• Government push for 100% electrification in India
• Focus on renewable energy expansion
• Strong sectoral momentum translating into sustained order inflows

International Market Outlook

• Healthy business momentum in the U.S. market despite tariffs
• Encouraging outlook for Middle East markets
• Recent expansion into European markets

Shilchar Technologies' strong performance and strategic expansion plans position it well to capitalize on the growing demand in the transformer market, both domestically and internationally. The company's focus on quality and customer satisfaction continues to drive its success in a competitive landscape.

Shilchar Technologies Limited , a company listed on the BSE, has reported a significant change in its promoter shareholding. Alay Jitendra Shah, a promoter of the company, has reduced his stake through an open market transaction.

Transaction Details

The transaction involved the sale of 117,000 equity shares, representing approximately 1.02% of the company's total equity share capital.

Impact on Promoter Holding

Following this sale, Alay Jitendra Shah's shareholding in Shilchar Technologies Limited has decreased from 25.58% to 24.56%. This reduction in stake, while notable, still leaves Shah with a substantial holding in the company.

Company Overview

Shilchar Technologies Limited's total equity share capital remains unchanged at 11,440,200 shares. The company's shares are listed on the BSE Limited.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Alay Jitendra Shah has disclosed this transaction to the company and the stock exchange. The disclosure was made adhering to the regulatory requirements for prompt reporting of significant changes in promoter shareholding.

This transaction highlights the dynamic nature of promoter holdings in listed companies and underscores the importance of transparency in the Indian stock market.