Yashhighvoltage earnings calls.

Yash Highvoltage delivered a landmark FY26 with ₹235.1 croreCurrent reported value: ₹235.1 crore. No comparable prior figure is available in the source record. revenue (+57Current reported value: 57. No comparable prior figure is available in the source record.% YoY) and ₹60.4 croreCurrent reported value: ₹60.4 crore. No comparable prior figure is available in the source record. EBITDA (+75Current reported value: 75. No comparable prior figure is available in the source record.% YoY), with margin expansion of 260bpsCurrent reported value: 260bps. No comparable prior figure is available in the source record. to 25.7Current reported value: 25.7. No comparable prior figure is available in the source record.%. The company operates at 75-80%Current 75-80%. Reported change: From ~72% in FY25. capacity utilization with 7,200 bushingsCurrent 7,200 bushings. Reported change: +25% YoY. sold versus 5,752 in prior year. The ₹400+ crore order bookCurrent ₹400+ crore order book. Reported change: +Strong visibility. provides 1-2 years execution visibility. Key near-term catalyst is the Jajar greenfield facility entering final commissioning stage for RIP bushing localization up to 550KV, with commercial production targeted H2 FY27. Sukrut acquisition (currently ₹25-26 crore revenue) targets ₹150-160 crore in 4-5 years. Management guided 40-42% CAGR growth for next 4-5 years with 24-25% EBITDA margin maintenance in FY27 before margin expansion resumes. Export target of 20%+Current 20%+. Reported change: From ~15% currently. in 2-3 years. Key risks include geopolitical-driven input cost inflation being passed through, vendor capacity constraints as sector scales, and technology transition dynamics from OIP to RIP bushings. The company maintains a conservative balance sheet with debt-to-equity of 0.17x.