Yash Highvoltage Reports Strong H1 FY26 Performance and Confirms Proper IPO Fund Utilization
Yash Highvoltage, a leading manufacturer of high voltage and high current bushings, reported robust financial results for H1 FY26. Total revenue increased by 78.55% to ₹1,021.79 Mn, EBITDA grew by 109.90% to ₹233.06 Mn, and PAT rose by 119.44% to ₹140.24 Mn compared to H1 FY25. The company's EBITDA margin improved by 341 basis points to 22.81%. Yash Highvoltage also confirmed proper utilization of its IPO proceeds, having used ₹42.47 crores out of the total ₹93.51 crores raised. The company expects strong demand momentum and targets about 30% CAGR over the next five years.

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Yash Highvoltage , a leading manufacturer of high voltage and high current bushings, has reported robust financial results for the first half of fiscal year 2026 and confirmed proper utilization of its IPO proceeds.
Financial Highlights
The company has demonstrated significant year-over-year growth across key financial metrics for H1 FY26:
Particulars (₹ in Mn) | H1 FY26 | H1 FY25 | YoY Growth |
---|---|---|---|
Total Revenue | 1,021.79 | 572.26 | 78.55% |
EBITDA | 233.06 | 111.03 | 109.90% |
PAT | 140.24 | 63.91 | 119.44% |
Basic EPS (₹) | 4.91 | 2.89 | 69.96% |
The company's EBITDA margin improved by 341 basis points to 22.81%, while the PAT margin increased by 256 basis points to 13.73%.
Performance Overview
Yash Highvoltage's strong performance in H1 FY26 was driven by robust order inflows from both domestic and international power and infrastructure sectors. The company's focus on manufacturing excellence and product diversification contributed to the healthy margins.
Mr. Keyur Shah, Chairman & Managing Director of Yash Highvoltage, commented on the results: "We are proud to report another period of robust financial and operational achievement in H1 FY26. These results not only reflect our ability to deliver sustained growth through execution and innovation but also reinforce Yash Highvoltage's position as a sector leader with a growing global footprint."
IPO Fund Utilization
In a statement to the BSE, Yash Highvoltage confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Offering (IPO) for the half-year ended September 30, 2025. The company had raised ₹93.51 crores through its IPO on December 19, 2024.
The funds were allocated as follows:
Purpose | Amount (₹ in Lacs) | Utilized (₹ in Lacs) |
---|---|---|
Setting up a new factory | 7,033.98 | 3,145.71 |
General Corporate Purposes | 1,476.15 | 260.26 |
Issue Expenses | 841.17 | 841.17 |
Total | 9,351.30 | 4,247.14 |
As of September 2025, the company has utilized ₹42.47 crores from the total raised amount. The Audit Committee reviewed and confirmed this statement at its meeting held on October 10, 2025.
Future Outlook
The company expects strong demand momentum as global and domestic infrastructure investments grow. With ongoing expansion projects, Yash Highvoltage envisions multifold revenue growth over the next five years, targeting about 30% CAGR as new facilities come online post-FY27.
Investor Communication
Yash Highvoltage has scheduled an earnings call on October 15, 2025, at 11:00 am to discuss the operational and financial performance for H1 FY26 with investors and analysts.
The company's commitment to transparency and growth, coupled with its strong financial performance, positions it well in the high voltage and high current bushings manufacturing sector.
Historical Stock Returns for Yash Highvoltage
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.19% | +4.07% | +10.20% | +173.59% | +83.69% | +83.69% |