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Revenue
₹152 Cr
verification pending
Revenue YoY
—
reported change
EBITDA
Pending
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Shilchar Technologies reported Q4 FY26 revenue of ₹152 crore with EBITDA margin of 21%, significantly below historical levels due to two temporary disruptions: US tariff uncertainty dampened order intake in Q3, and the Middle East crisis prevented ~₹35 crore of shipments in March. Full-year revenue grew 5% YoY to ₹652 crore, with PAT up 8% to ₹158 crore. Management expects a strong rebound in Q1 FY27 as shipments resume and price hikes are negotiated with customers to offset commodity inflation (transformer oil prices doubled). Order book stands at ₹452 crore, supporting FY27 revenue guidance of ₹800 crore. The new 6,500 MVA capacity expansion remains on track for April 2027 commissioning. Key risk: inability to fully pass on raw material cost increases to customers could compress margins further.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for FY27 revenue of ₹800 crore, with potential to reach ₹850 crore, supported by strong order book and demand recovery.
- Management aims to restore EBITDA margins to historical 29-31% levels through price hikes and normalization of commodity costs.
- The 6,500 MVA expansion at GIDC is on track for commissioning in April 2027, with ₹120 crore capex funded internally.
- Management targets dispatches of ~7,000 MVA in FY27, implying ~17% volume growth over FY26's 6,000 MVA.
Risks flagged
- Sharp increase in transformer oil (100%) and other commodities (10-25%) may not be fully passed on to customers, pressuring margins.
- Geopolitical tensions in West Asia could again disrupt shipments, as seen in Q4 when ~₹35 crore of exports were delayed.
- Existing facility is near full capacity; any further growth depends on timely commissioning of new capacity and maintaining high utilization.
- Long lead times for bushings (key component for 220 kV transformers) could delay production ramp-up at new facility.
Key quotes
- We have a very strong order book as of now, we have an order book of almost 452 cr.
- The oil prices have become almost double than what we used to buy in month of February.
- We will do our best to maintain the same similar margin what we have been doing in past few years.
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