Sugs Lloyd Reports 94% Revenue Growth in H1 FY26, Targets ₹1,000 Crores by FY28
Sugs Lloyd Limited achieved a 94% year-on-year revenue growth to ₹123.00 crores in H1 FY26, driven by power T&D, solar EPC, and niche products. EBITDA grew 91% to ₹18.88 crores, and PAT increased 94% to ₹11.82 crores. The company's order book stands at ₹400.00 crores, with plans to diversify beyond Bihar. Sugs Lloyd aims for ₹1,000.00 crores revenue by FY2028, focusing on expanding operational capabilities and developing innovative niche products like a new Fault Passage Indicator.
*this image is generated using AI for illustrative purposes only.
Sugs Lloyd Limited , a prominent player in the power transmission and distribution (T&D) and solar EPC sectors, has reported a robust financial performance for the first half of FY26. The company achieved a revenue of ₹123.00 crores, marking a significant 94% year-on-year growth.
Strong Financial Performance
The company's growth was primarily driven by its operations in power T&D, solar EPC, and high-margin niche products. Sugs Lloyd maintained strong profitability, with EBITDA growing 91% to ₹18.88 crores. The profit after tax (PAT) jumped by 94% to ₹11.82 crores, resulting in a diluted Earnings Per Share (EPS) of ₹5.10 for the half-year.
Revenue Breakdown and Order Book
For H1 FY26, the revenue breakdown was as follows:
| Segment | Contribution |
|---|---|
| Solar EPC | 58% |
| Power T&D | 38% |
| Niche Products | 2% |
The company's current order book stands at approximately ₹400.00 crores, with ₹280.00 crores from solar projects and ₹114.00 crores from power transmission and distribution.
Future Outlook and Expansion Plans
Sugs Lloyd has set a target of achieving ₹1,000.00 crores in revenue by FY2028. The company plans to diversify its market exposure beyond Bihar, which currently accounts for about 60% of its order book. Efforts are underway to increase footprint and revenue contribution from states like Punjab, Delhi, Odisha, Maharashtra, Gujarat, and Uttar Pradesh.
Focus on Niche Products and R&D
The company is placing significant emphasis on its niche products segment, particularly the Fault Passage Indicator (FPI). Sugs Lloyd's R&D team is developing a new compact FPI with 99.99% accuracy, capable of detecting low earth leakages and conductor snap faults. This innovation is expected to give the company a competitive edge over global giants in the sector.
Expansion of Operational Capabilities
Sugs Lloyd is actively working to enhance its eligibility for larger projects. By FY26, the company aims to be able to bid for power T&D projects worth over ₹200.00 crores and solar projects of any scale. To support this growth, Sugs Lloyd plans to increase its working capital limits from ₹125.00 crores to ₹250.00 crores.
Management's View
Santosh Kumar Shah, Chairman and Managing Director of Sugs Lloyd, commented on the results: "Our performance for the half year had a strong finish driven by our work in the power T&D, solar EPC, and our high margin products. We are growing fast and executing well, which is exactly what we promised during our IPO."
While the company's growth trajectory appears promising, investors should note that future performance may be subject to various market factors and execution risks. The management's ability to diversify the order book geographically and successfully scale up operations will be crucial in achieving their revenue targets.
Historical Stock Returns for Sugs Lloyd
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.37% | +22.80% | +25.60% | -6.76% | -6.76% | -6.76% |
16
