INDO SMC Limited Secures Rs 4077.40 Lacs Order for HT Air Insulated Bus Duct Supply

2 min read     Updated on 11 Feb 2026, 02:41 PM
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Overview

INDO SMC Limited has received a purchase order worth Rs 4077.40 lacs from Shree Balaji Com LLP for supplying HT Air Insulated Bus Duct for 650 AM under Ground System. The order involves 5,800 square meters of specialized electrical components to be delivered within 12 weeks. This domestic commercial order demonstrates the company's strong execution capabilities and established customer relationships in the high-tension power transmission sector.

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INDO SMC Limited has secured a major purchase order worth Rs 4077.40 lacs from M/s. Shree Balaji Com LLP for the supply of specialized electrical power distribution equipment. The order, received on February 10, 2026, represents a significant business milestone for the company in the high-tension power transmission sector.

Order Details and Specifications

The purchase order encompasses the supply of HT Air Insulated Bus Duct for 650 AM under Ground System, covering a total quantity of 5,800 square meters. These specialized components are designed for high-tension power transmission and provide efficient, reliable alternatives to cables in demanding underground environments.

Parameter: Details
Order Value: Rs 4077.40 lacs (excluding tax)
Product: HT Air Insulated Bus Duct for 650 AM under Ground System
Quantity: 5,800 Sq. Mtrs
Customer: Shree Balaji Com LLP
Delivery Timeline: 12 weeks
Order Type: Commercial Order

Customer and Market Positioning

Shree Balaji Com LLP, based in Mumbai, Maharashtra, has awarded this domestic commercial order to INDO SMC Limited. The customer is located at B-401, Jagmagia Centre CHS Ltd, Nahar Nagar, Mamlatdar Wadi Ex Rd Plot No-4 Nr Mittal College, Malad West, Mumbai. This order signifies the company's strong execution capabilities and demonstrates its continued long-term proven track record and relationship with valued customers.

Regulatory Compliance and Corporate Structure

The order announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. INDO SMC Limited, formerly known as INDO SMC Private Limited, operates with CIN L71100GJ2021PLC125904 and trades under the symbol INDOSMC with ISIN INE0WKY01013.

Compliance Aspect: Details
Entity Type: Domestic
Related Party Transaction: No
Promoter Interest: No
Regulation: SEBI Regulation 30
Execution Period: Twelve weeks as per PO Terms

Operational Infrastructure

INDO SMC Limited operates through multiple manufacturing facilities to support its operations. The company maintains Unit 1 at Plot No.11, Shivprerna Industrial Park, Kamod to Pirana Road, Ode, Daskroi, Ahmedabad-382425, and Unit 2 at Plot No. A 37/2, NICE Area, MIDC Satpur, Nashik, Maharashtra-422007. The registered office is located at 809, Shilp Zaveri, Nr. Shyamal Cross Road, Satellite, Ahmedabad-380015.

This substantial order reinforces INDO SMC Limited's position in the electrical power distribution equipment market and highlights the company's capability to secure and execute significant commercial contracts within specified timeframes.

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Indo SMC Limited Reports Strong Q3 FY26 Results with Major Order Wins

3 min read     Updated on 09 Feb 2026, 04:00 PM
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Overview

Indo SMC Limited delivered robust Q3 FY26 performance with 35% quarter-on-quarter growth in total income to ₹10,159.11 lakhs and 34% growth in net profit to ₹1,209.73 lakhs. The company secured significant new orders totaling over ₹94 crore across various product categories and received MSEDCL vendor approval, strengthening its revenue visibility for upcoming quarters.

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Indo SMC Limited announced its unaudited financial results for the quarter ended December 31, 2025, marking the company's first quarterly results as a listed entity. The Ahmedabad-based manufacturer of electrical apparatus and composite materials demonstrated strong operational performance with significant growth across key financial metrics and secured major new orders during the quarter.

Financial Performance Overview

The company reported robust financial results for Q3 FY26, showing substantial improvement over the previous quarter:

Metric Q3 FY26 Q2 FY26 Growth
Revenue from Operations ₹10,149.32 lakhs ₹7,519.40 lakhs +35.0%
Total Income ₹10,159.11 lakhs ₹7,525.67 lakhs +35.0%
EBITDA ₹1,645.38 lakhs - -
EBITDA Margin 16.20% - -
Net Profit ₹1,209.73 lakhs ₹900.79 lakhs +34.3%
Net Profit Margin 11.90% - -
Earnings Per Share ₹7.25 ₹5.40 +34.3%

For the nine-month period ended December 31, 2025, the company achieved revenue from operations of ₹21,403.43 lakhs and net profit of ₹2,355.23 lakhs, with earnings per share of ₹14.12.

Major Business Developments

Indo SMC secured significant new orders during Q3 FY26, strengthening its revenue visibility for upcoming quarters:

Order Category Value Product Details
Fresh Orders ₹54+ crore 11 kV metering cubicles, FRP cable trays, SMC meter boxes
HT Bus Ducts ₹40+ crore 650A rated Air Insulated Bus Ducts for underground distribution
Vendor Approval - MSEDCL approval for 11 kV metering cubicles

The company also reported improved working capital efficiency, with receivable days reduced to approximately 40 days in Q3 FY26, reflecting better collections and disciplined financial management.

Segment-wise Performance

Indo SMC operates across three primary business segments, each contributing to the overall growth:

Segment Q3 FY26 Revenue Q2 FY26 Revenue Nine Months FY26
CT PT Products ₹7,675.74 lakhs ₹5,110.26 lakhs ₹15,333.23 lakhs
SMC Products ₹2,049.73 lakhs ₹1,868.63 lakhs ₹4,823.12 lakhs
FRP Products ₹423.85 lakhs ₹540.51 lakhs ₹1,247.07 lakhs

The CT PT Products segment emerged as the largest contributor, generating ₹7,675.74 lakhs in Q3 FY26 compared to ₹5,110.26 lakhs in the previous quarter. SMC Products segment also showed growth with revenue of ₹2,049.73 lakhs versus ₹1,868.63 lakhs in Q2 FY26.

Management Commentary

Mr. Neel Nitesh bhai Shah, Managing Director & CFO, commented on the performance: "Q3 FY26 marked an important milestone for Indo SMC as our first earnings call following listing. The quarter reflected strong operational execution and progress across key business priorities, supported by disciplined execution and a continued focus on quality and customer relationships."

He added that the company secured fresh orders during the quarter, strengthening the overall order book and providing strong revenue visibility for coming quarters. Key developments included receiving utility approvals for metering cubicles and continued repeat orders from existing customers.

Regulatory Compliance and Corporate Structure

The unaudited financial results were submitted to the Bombay Stock Exchange under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 9, 2026.

Corporate Details Information
BSE Symbol INDOSMC
BSE Code 544681
ISIN INE0WKY01013
Listing Date January 21, 2026
Manufacturing Facilities Gujarat, Maharashtra, Rajasthan

Indo SMC Limited operates as an ISO-certified manufacturer specializing in SMC, FRP, and electrical components for power distribution and infrastructure applications, serving customers across more than 20 states in India.

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