Atlanta Electricals Limited has announced its audited financial results for the fourth quarter and full year ended March 31, 2026, reporting robust growth across revenue, profitability, and operational performance.
The company recorded consolidated revenue from operations of ₹1,851.52 crore in FY26, marking a 48.8 percent year-on-year increase compared to ₹1,244.18 crore in FY25. EBITDA surged 77.9 percent to ₹344.44 crore, while profit after tax (PAT) rose 70.1 percent year-on-year to ₹201.77 crore.
For Q4 FY26, revenue stood at ₹747.62 crore, reflecting an 81.7 percent growth over the corresponding quarter last year. EBITDA margin expanded to 20 percent, supported by operating leverage, improved procurement efficiency, and a stronger mix of higher-voltage transformer products.
The company also achieved a major milestone by becoming fully debt-free during the financial year after repaying both its Vadod facility term loan and the BTW acquisition term loan. As of March 31, 2026, Atlanta Electricals reported zero outstanding term debt.
Atlanta Electricals’ order book stood at ₹2,493 crore at the end of FY26, with increasing demand for higher voltage transformers, including 220 kV and 400 kV categories. During Q4 FY26, the company secured orders worth ₹733 crore, including significant contracts from Karnataka Power Transmission Corporation Limited (KPTCL) and independent power producers executing projects for NTPC.
In April 2026, the company received approval from Power Grid Corporation of India Limited (PGCIL) for manufacturing transformers up to 400 kV class at its Vadod facility. The approval was achieved within two years of groundbreaking, positioning it among the fastest such approvals in the Indian transformer industry.
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 29th September 2025. The 18 months of intensive capacity build-out have 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 of the year was receiving the PGCIL approval for the 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.”
