Danish Power

Danish Power delivered a solid FY26Current reported value: 26. No comparable prior figure is available in the source record. with revenue of ₹521 croreCurrent reported value: ₹521 crore. No comparable prior figure is available in the source record. (+22Current reported value: 22. No comparable prior figure is available in the source record.% YoY) and PAT of ₹69 croreCurrent reported value: ₹69 crore. No comparable prior figure is available in the source record. (+26% YoY), driven by capacity expansion to 11,000 MVACurrent 11,000 MVA. Reported change: +83% YoY. and strong execution in inverter duty transformers (IDTs). EBITDA margin held at 19%Current reported value: 19%. No comparable prior figure is available in the source record. despite commissioning costs and raw material inflation. The order book stands at ₹500+ croreCurrent ₹500+ crore. Reported change: +11% vs last call., with 90% executable in FY27. Management guided FY27 revenue above ₹700 crore and maintained 19% EBITDA margin target, though near-term pressure from firm-price orders and commodity volatility (especially transformer oil) may impact Q1. Key growth drivers include battery energy storage (BESS) transformers (20-25%Current 20-25%. Reported change: new segment. of order book), export expansion (target 15-20% of revenue), and power transformers (245 kV class) expected to contribute from FY28. Risk: Geopolitical disruptions and commodity price spikes could compress margins on legacy fixed-price contracts.