Trishakti Electronics , a heavy equipment hiring company, has reported a robust financial performance for the second quarter, marking significant growth across key metrics and strategic expansion into the renewable energy sector.

Financial Highlights

The company's Q2 results showcase impressive year-on-year growth:

Operational Performance

Trishakti Electronics reported that its heavy equipment hiring business is operating at 100% utilization. The company has successfully deployed over ₹130.00 crores of its planned ₹400.00-crore CapEx program through FY28, with ₹84.00 crores completed in the current year against a target of ₹100.00 crores.

Strategic Expansion

In a significant move, Trishakti Electronics has entered the renewable energy segment, securing initial contracts from Reliance Industries. This expansion aligns with India's accelerating clean energy investments, positioning the company to capitalize on this multi-decade opportunity.

Financial Outlook

While EBITDA margins experienced a slight dip to 58.97% due to a one-off project delay, the company expects margins to return to the guided range of around 65% in upcoming quarters. The current blended yields stand at 2.2%, with expectations of reaching 2.3-2.4% in the second half of the fiscal year.

Revenue Mix and Future Prospects

The company's revenue mix shows a significant shift, with 46% now coming from the renewables sector, added in just the last three months. The remainder is primarily from steel and infrastructure projects. Trishakti Electronics currently operates around 90-95 machines and maintains a current Annual Recurring Revenue (ARR) of ₹36.00 crores.

CEO Dhruv Jhanwar commented, "We remain fully committed to delivering sustainable growth, strong cash flows, and long-term value for all our stakeholders. With a strong order book, expanding fleet, and focused growth strategy, Trishakti is well-positioned to capture a large share of India's infrastructure and renewable energy opportunities."

Looking ahead, Trishakti Electronics aims to scale its operations, deepen relationships with blue-chip clients, and maintain disciplined execution across every project. The company's robust balance sheet, supported by prudent financial management and healthy leverage, positions it well for future growth in India's evolving infrastructure and renewable energy landscape.

Conclusion

Trishakti Electronics' strong Q2 performance, coupled with its strategic entry into the renewable energy sector, signals a promising trajectory for the company. As it continues to expand its fleet and diversify its revenue streams, Trishakti Electronics appears well-positioned to capitalize on the growing opportunities in India's infrastructure and clean energy sectors.

Trishakti Electronics , a leading infrastructure equipment hiring company, has reported stellar financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

Trishakti Electronics has delivered an impressive performance in Q2 FY26, with revenue from operations soaring to Rs. 665.07 lakhs, marking a substantial 213.1% increase year-over-year and a 62.9% rise quarter-on-quarter. The company's EBITDA witnessed a remarkable 374.3% growth compared to the same quarter last year, reaching Rs. 392.16 lakhs.

Operational Performance

The company reported 100% fleet utilization across more than 20 ongoing projects, serving over 100 clients including industry leaders such as Larsen & Toubro, Reliance, Jindal Group, and KEC International. This high utilization rate underscores the strong demand for Trishakti's heavy earth-moving equipment in various sectors including steel, cement, railways, and construction.

Strategic Investments

Trishakti Electronics is currently executing a significant Rs. 400 crore CAPEX investment plan from FY25 to FY27. As of Q2 FY26, the company has already invested Rs. 84 crore, demonstrating its commitment to expanding its fleet and enhancing its operational capabilities.

Management Commentary

Mr. Dhruv Jhanwar, CEO of Trishakti Electronics, commented on the results: "Q2 FY26 marks a strong phase of growth for Trishakti Electronics, as we continue to expand our footprint in the infrastructure equipment hiring space. Our revenue growth is driven by improved fleet utilization, new project deployments, and consistent demand from our diverse client base."

He further added, "While our EBITDA margin saw a temporary impact due to a delay in commencement at one large project site, we expect margins to revert to normal levels in the coming quarters. Our ongoing CAPEX investments are positioning us to capitalize on India's infrastructure boom and drive long-term value creation."

Future Outlook

The management expects to achieve revenue of Rs. 900-1000 million by FY28, with operating margins projected to exceed 60-65%. The company aims to expand its fleet size to 150 machines by FY27 and targets a return on capital employed (ROCE) of 22-25% on new CAPEX investments.

Trishakti Electronics' strong Q2 performance and strategic initiatives position it well to benefit from India's growing infrastructure sector. The company's focus on high-capacity equipment and its expansion into sectors like renewables and large industrial projects are expected to drive sustained growth in the coming years.

Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors are advised to conduct their own research and consult with financial advisors before making investment decisions.