Atlanta Electricals FY26 Revenue Jumps 49%, PAT Surges 70%; Company Turns Debt-Free with Q4 EBITDA Margin at 20%

Anand (Gujarat), 09th May 2026:Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), among India's leading transformer manufacturers, today announced its audited consolidated financial results for the quarter and full year ended 31st March 2026.

Key Consolidated Financial Highlights (Rs. Cr.)

*EBITDA  excluding other income

Performance Overview:

• Revenue from Operations for Q4 FY26 stood at Rs. 747.62 crores (+81.7% YoY) and for FY26 at Rs. 1,851.52 crores 48.8% growth YoY. Growth was driven bythe ramp-up of the new Vadod facility, commissioning of Atlanta Trafo, and continued high utilisation at legacy plants.
• EBITDA Margin for Q4 FY26 stood at 20.00% (expansion of 333 bps YoY) and at 18.60% for FY26 (expansion of 304 bps YoY). PAT grew 128.9% YoY to Rs. 102.19crores in Q4 and 70.1% YoY to Rs. 201.77 crores for the full year. Margin expansion is driven by operating leverage, a richer 220 kV product mix, and improved procurement efficiency.
• Balance sheet fully de-levered. Both the Rs. 140 crores Vadod term loan and Rs. 218 crores BTW acquisition term loan have been fully repaid. The closingbalance on term debt as of 31st March 2026 stands at NIL.

Key Business Updates:

• Order book stands at Rs. 2,493 crores as of 31st March 2026, increasingly weighted toward higher voltage classes (52% in 220 kV and approximately 11%in 400 kV class). Q4FY26 order inflow was of Rs. 733 crores, including marquee orders of Rs. 288 crores from KPTCL (13 transformers + 11 NIFPS) and an Independent Power Producer executing for NTPC.
• PGCIL approval received in April 2026 for manufacturing of up to 400 kV class transformers at the Vadod facility, achieved within just two years of ground-breaking,among the fastest such timelines in the Indian transformer industry. In May 2026, the Company secured an order of Rs. 190 crores from RVPN for 53 power transformers under a two-year rate contract.
• In FY26, legacy facilities operated at high capacity utilisation, while Vadod (Unit 4) ramped up to approximately 39% annualised utilisation and AtlantaTrafo (Unit 5) reached approximately 15% annualised utilization. CRISIL reaffirmed the long-term rating at A/Stable; overall bank facilities were enhanced from Rs. 910 crores to Rs. 1,460 crores during the year.

Management Commentary:

Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said,

"FY26 has been a defining year for Atlanta Electricals, our first full financial year ending after our listing on the BSE and NSE on 29thSeptember 2025. The 18 months of intensive capacity build-out has translated into delivery and growth, with our installed manufacturing capacity now at 63,060 MVA across our five facilities.

For FY26, consolidated revenue stood at Rs. 1,851.52 crores, up 48.8% year-on-year. EBITDA expanded to Rs. 344.44 crores at a margin of 18.60%,an expansion of 304 basis points. PAT stood at Rs. 201.77 crores, up 70.1% year-on-year. Q4 specifically delivered our highest-ever quarterly performance with revenue of Rs. 747.62 crores and EBITDA margin reaching 19.99%.

Our balance sheet has been fully de-leveraged with both the Vadod and BTW acquisition term loans fully repaid. The standout milestone ofthe year was receiving the PGCIL approval for manufacturing of up to 400 kV class transformers at our Vadod facility, achieved within just two years of groundbreaking, among the fastest such timelines in the Indian transformer industry.

Looking ahead to FY27, our priorities are to prototype the first 400 kV transformer at Vadod and 765 kV at Atlanta Trafo, scale exports,capture domestic demand from BESS, data centers and renewables, commence operations at our new Inverter Duty Transformer facility, and start our Tank and Radiator backward integration plant. With Rs. 9 trillion of transmission investment planned through 2032,Atlanta Electricals is well-positioned to capture this multi-year growth opportunity."