Gujrat: Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), among India’s leading transformer manufacturers, announced its unaudited consolidated financial results for the quarter and nine months ended 31st December 2025 on Monday.
Performance Overview:
- Revenue from Operations for Q3FY26 stood at Rs. 472 crores, showcasing an 79.7% growth on a YoY basis; and Rs. 1,104 crores in the 9MFY26 period, showcasing a 32.6% growth on a YoY basis. This strong growth is primarily driven by the contribution from our new Vadod facility, and continued high utilization at legacy plants.
- EBITDA Margins for Q3FY26 and 9MFY26 stood at 19.4% and 17.7% respectively, expanding by 352 bps and 265 bps YoY. This margin expansion is backed by operating leverage benefits from higher volumes, a favourable product mix and improved procurement efficiency on key raw materials.
- PAT grew by 94.6% YoY to Rs. 43 crores in Q3FY26 and by 34.6% YoY to Rs. 100 crores in 9IMFY26.
Key Business Updates:
- Consolidated order book stands at a record Rs 2,451 crores as of December 2025, providing strong execution visibility. Order intake during Q3 FY26 was Rs. 796 crores.
- In Q3FY26, the Company secured a significant order of Rs. 298 crores from GETCO for 25 high-capacity transformers, including 21 units of 220/66 kV 160 MVA, 3 units of 66/11.55 kV 20 MVA, and 1 unit of 220/132 kV 150 MVA auto transformer. These orders reflect the deep trust built over three decades of partnership. The Company also received an order from Adani Green Energy Ltd. for supply of Inverter Duty Transformers amounting to Rs. 134 crores.
- Vadod facility contributed approximately one-third of Q3 revenue. Atlanta Trafo commenced operations during the quarter. The Company now has seven NABL-accredited testing laboratories, up from four in Q2FY26.
Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said, “Q3 FY26 marks the beginning of a new growth chapter for Atlanta Electricals. Over the past 18 months, we invested significantly to expand our manufacturing capacity to 63,060 MVA – nearly a fourfold increase. This quarter, we are seeing these investments translate into results.
Revenue from operations stood at Rs. 472 crores in Q3FY26, a year-on-year growth of nearly 80% and Rs. 1,104 crores in 9MFY26, an increase of 33% year-on-year. EBITDA for Q3FY26 stood at Rs. 91 crores with margins of 19.4%, expanding 350 basis points year-on-year. For 9MFY26, EBITDA stood at Rs. 195 crores with margins of 17.7%. Profit After Tax stood at Rs. 43 crores for Q3FY26 and nearly Rs. 100 crores for IMFY26.
Iam happy to share that our order book stands at an all-time high of Rs. 2,451 crores as of December 2025. Order intake during Q3 FY26 was Rs. 796 crores. During the quarter, we secured an order of Rs. 298 crores from GETCO for 25 high-capacity transformers reflecting the deep trust built over three decades of partnership. We also received an order from Adani Green Energy Ltd. for supply of Inverter Duty Transformers amounting to Rs. 134 crores.
Operationally, our Vadod facility contributed approximately one-third of quarterly revenue and Atlanta Trafo has commenced operations. We also now have seven NABL-accredited testing laboratories, strengthening our capability for high-voltage testing.
Looking ahead, our investment phase is largely complete. The focus is on driving capacity utilization to unlock operating leverage benefits. The transformer industry is at a structural inflection point with INR 9.6 trillion of transmission investment planned through 2032.
And Atlanta Electricals is well-positioned to capture this multi-year growth opportunity.”
