Trishakti Electronics has announced a significant milestone in its growth trajectory, securing a work order from Larsen & Toubro Ltd (L&T) for the deployment of advanced machinery and skilled manpower at one of L&T's flagship project sites. This development marks a strategic expansion for Trishakti Electronics and underscores its growing presence in the infrastructure and heavy industries segment.

Contract Details and Capital Expenditure

The contract, valued at over ₹17.00 crore (including taxes), involves the hiring of machines with manpower for an initial period of 11 months. The execution of this project is scheduled to be completed by November 21, 2025. To fulfill this contract and enhance its operational capabilities, Trishakti Electronics has made a fresh capital expenditure of approximately ₹60.00 crore, including taxes, for the acquisition of advanced machinery.

Cumulative Capital Expenditure and Growth Strategy

With this latest investment, Trishakti Electronics' cumulative capital expenditure for FY26 has reached approximately ₹910.00 crore. This substantial investment aligns with the company's focused strategy to build a high-capacity fleet capable of serving marquee clients in the infrastructure and heavy industries sectors.

Key Contract and Investment Details

Strategic Implications

The securing of this order from L&T, a renowned name in the infrastructure sector, reinforces the growing trust of top-tier corporates in Trishakti Electronics' execution capabilities and asset strength. This development is expected to translate into stronger revenue visibility and improved profitability for the company in the upcoming quarters.

Management Commentary

Dhruv Jhanwar, Executive Director & Chief Executive Officer of Trishakti Electronics Limited, commented on the development, stating, "This order from Larsen & Toubro Ltd reinforces the growing trust of top-tier corporates in our execution capabilities and asset strength. We believe this will translate into stronger revenue visibility and profitability in the upcoming quarters."

Future Outlook

As Trishakti Electronics continues to expand its fleet and secure contracts with major players in the infrastructure sector, the company appears well-positioned to capitalize on the growing demand in India's infrastructure and heavy industries segment. The strategic focus on building a high-capacity fleet and the ability to secure contracts with industry leaders like L&T may provide a solid foundation for the company's future growth and market position.

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.