Indo tech transformers Limited has announced the termination of a substantial order worth ₹64.99 crores from Renew Wind Energy (JAMB) Private Limited, citing project delays as the primary reason for cancellation. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as it amends an earlier disclosure made on January 09, 2026.

Order Termination Details

The cancelled contract involved the supply of specialized electrical equipment for renewable energy infrastructure. The order details are presented below:

Financial Impact Assessment

The company has indicated minimal immediate impact from this order cancellation. Key factors mitigating the impact include:

• Manufacturing activities had not commenced for the cancelled order
• The company maintains a healthy order book as of the current date
• Recent business development shows positive momentum with new order acquisitions

Recent Business Performance

Despite the order termination, Indo Tech Transformers reported encouraging business developments in recent weeks. The company has secured new orders worth approximately ₹80 crores from various renewable energy projects within the last week, demonstrating continued market demand for its transformer solutions.

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations, specifically under Regulation 30(7) of the Listing Obligations and Disclosure Requirements. This announcement serves to update investors about the material change from the company's earlier disclosure dated January 09, 2026, when the original order was first reported to the stock exchanges.

Indo Tech Transformers Limited, a subsidiary of Shirdi Sai Electricals Limited, continues to operate in the power transmission and distribution equipment sector, focusing on transformer manufacturing for various industrial and renewable energy applications.

Indo Tech Transformers delivered exceptional financial performance in Q3, demonstrating robust growth across key profitability metrics. The company reported significant improvement in operational efficiency while maintaining healthy revenue expansion during the quarter.

Comprehensive Financial Performance

The company's Q3 results showcased strong year-on-year growth across revenue, profitability, and operational efficiency metrics. The transformer manufacturer successfully expanded its business operations while substantially improving its bottom-line performance and operational margins.

Operational Efficiency Enhancement

The company's EBITDA performance was particularly impressive, reaching ₹330 million compared to ₹243 million in the corresponding quarter of the previous year, representing a substantial 36% year-on-year growth. More significantly, the EBITDA margin expanded to 16.81% from 13.67% in the previous year, indicating a remarkable improvement of 314 basis points in operational efficiency.

Revenue and Profitability Growth

Revenue reached ₹1.96 billion in Q3, marking an 11% increase from ₹1.77 billion recorded in the same quarter of the previous year. Net profit performance complemented the strong operational metrics, with the company reporting ₹249 million compared to ₹193 million in the corresponding quarter, achieving 29% year-on-year growth.

Business Performance Analysis

The Q3 results demonstrate Indo Tech Transformers' exceptional operational performance, with the company successfully delivering growth across all key financial metrics. The significantly higher EBITDA and profit growth rates compared to revenue growth highlight enhanced operational efficiency, improved cost management, and better margin optimization during the quarter.