Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% increase compared to the previous year. Revenue also saw a healthy rise of 8.3% to Rs 763 crore. This marks the company's inaugural earnings report following its stock market debut.

April-listed Powerica posts 226% YoY Q3 PAT growth; repays Rs 525 crore debt post IPO

Synopsis

Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% increase compared to the previous year. Revenue also saw a healthy rise of 8.3% to Rs 763 crore. This marks the company's inaugural earnings report following its stock market debut.

Integrated power solutions provider Powerica Limited on Tuesday reported a 226% jump in its Q3FY26 net profit at Rs 98 crore compared to Rs 30 crore in the year ago period. The company's revenue from operations were up 8.3% in the December-ended quarter at Rs 763 crore, compared to Rs 704 crore posted in the corresponding quarter of the last financial year. It was its first post-listing earnings.

Powerica shares made their stock exchange debut on April 2 at a discount of 7.3% at Rs 366 on the NSE against the IPO price band of Rs 375 to Rs 395 per share. However, the stock has recovered from the discounted price and is now trading at Rs 467, which is an 18% uptick over the issue price.

For 9MFY26, the company's profit after tax (PAT) stood at Rs 232 crore, recording a 74% rise over Rs 135 crore reported in the same period of the last financial year.

The company's margin expanded by 190 bps to 33% in the reporting quarter versus 31.1% in the year ago period.

The company filing said that its nine-monthly performance remains the highest ever across all metrics.

Live Events

Revenue contribution from the generator set segment for 9MFY26 stood at 81.8% versus 83.7% in 9MFY25. DG Sets powered by Cummins Engines contributed 63.7% in Q3 versus 70% in the year ago period.

Also read: HCL Tech Q4 Results: Cons PAT up 4% YoY at Rs 4,488 crore, revenue rises 12%; Rs 24 per share dividend declared

Management take

Commenting on the results, Bharat Oberoi, Chairman & Managing Director said the listing on the public markets represents a significant step forward for Powerica and the company is excited about the journey ahead.

"Following the IPO, the company has repaid approx. INR 525 Crs of its borrowings in Q1FY27 and hold cash & investments close to INR 450 Cr as on (17-Apr-26). As a result, substantial reduction is expected in the finance cost from Q1 FY27. During Q3FY26, we achieved a revenue of INR 762.93 Cr, with an EBITDA margin of 10.4% and a PAT margin of 12.8%. For the 9MFY26, we recorded revenue of INR 2,210.37 Cr, an EBITDA margin of 13.6%,

and a PAT margin of 10.5%," Oberoi said.

Powerica IPO

Powerica is an integrated power solutions provider focused on diesel generator (DG) sets for primary and backup applications, alongside a growing wind power business as an IPP and EPC player. Established in 1984, it expanded into medium-speed large generators (MSLG) in 1996.

The company has a long-standing partnership with Cummins India and collaborates with HD Hyundai Heavy Industries for MSLG offerings.

Rs 1,100 crore Powerica IPO was a book build issue which was a combination of a fresh issue of 1.77 crore shares aggregating to Rs 700.07 crores and an offer for sale (OFS) of 1.01 crore shares aggregating to Rs 399.93 crores. The bidding happened between March 24 and 27.

The company managed to get fully subscribed 1.45 times with retail portion receiving a lackluster response with just 15% subscription. However, the Qualified Institutional Buyers(QIBs) responded positively as the quota was booked 4.5 times.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless

(You can now subscribe to our ETMarkets WhatsApp channel)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless

98 million SIP accounts power Indian equities. What if they stop?

SpiceJet desperately hunts for lifeline, starts job cuts

Why PNG for every kitchen remains a pipe dream amid LPG crunch

Is private sector corruption free? Here's the reality...

Bold promises vs. hard proof: Indian IT faces an AI test this fiscal