KANOHAR

Concall Schedule Concall Date: November 3, 2026 Concall Time: 02:00 PM IST

Concall Schedule Concall Date: Wednesday, October 21, 2026 Concall Time: 5:00 pm onwards

Management Guidance & Outlook - Targeting FY27 revenue of approximately ₹950 Cr with EBITDA margins remaining similar to FY26. - FY28 top-line growth expected to track at a similar growth rate (~40-45% YoY). - Net working capital cycle guided to remain stable at around 110 to 120 days. Financial & Order Book Performance - Q1 FY27 Revenue rose 103.5% YoY to ₹137.1 Cr; EBITDA jumped 152.2% YoY to ₹38.8 Cr (margin at 28.3%); PAT surged 140% YoY to ₹27.3 Cr. - Consolidated order book stood at ₹2,026 Cr as of June 30, 2026, with an execution timeline of 18-24 months. - Added incremental order inflows of ₹332.2 Cr in Q1 and ₹867.3 Cr in Q2 FY27. Capex & Expansions - Executing a brownfield capacity expansion of 18,000 MVA at the Gangol facility to be operational by FY29. - Expansion capacity will be equipped for 765 kV transformer manufacturing, supported by in-house developed technology. Growth Drivers - Significant demand emerging from the ₹1.85 lakh crore Green Energy Corridor III scheme focused on intra-state transmission (mainly 400 kV). - Indian Railways' expansion into high-speed corridors presents an estimated ₹20,000 Cr market opportunity for traction/Scott-connected transformers over the next 5-10 years.