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DANISHPOWER Energy 15 May 2026

Danish Power Ltd — Q4 FY26

Danish Power delivered a solid FY26 with revenue of ₹521 crore (+22% YoY) and PAT of ₹69 crore (+26% YoY), driven by capacity expansion to 11,000 MVA and strong execution in inverter duty transformers (IDTs).

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Revenue ₹310 Cr +22%
EBITDA
PAT ₹40 Cr +26%
EBITDA Margin 18%
Duration 52 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Danish Power delivered a solid FY26 with revenue of ₹521 crore (+22% YoY) and PAT of ₹69 crore (+26% YoY), driven by capacity expansion to 11,000 MVA and strong execution in inverter duty transformers (IDTs). EBITDA margin held at 19% despite commissioning costs and raw material inflation. The order book stands at ₹500+ crore, 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% 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.

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Focused Modules

Claim Ledger 71% answered

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12 analyst questions audited, 1 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Geopolitical disruption and commodity price volatility

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Quarter Snapshot

Transformer manufacturing capacity 11,000 MVA
+83% YoY

Capacity expanded from ~6,000 MVA to 11,000 MVA post-IPO phases 1 and 2.

Order book ₹500+ crore
+11% vs last call

Order book grew from ₹450 crore at last call; deliveries spread over 6-9 months.

Export share of revenue 8-9%
+8pp YoY

Exports jumped from near zero to 8-9% in FY26; target 15-20% in FY27.

BESS transformers in order book 20-25%
new segment

Battery energy storage transformers now 20-25% of order book, a new growth driver.

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Guidance and risk preview

Top guidance FY27 revenue guidance: >₹700 crore

Management expects FY27 revenue to exceed ₹700 crore based on order visibility, capacity ramp-up, and market outlook.

Top risk Geopolitical disruption and commodity price volatility

Rising transformer oil, aluminium, and copper prices due to geopolitical tensions could compress margins, especially on fixed-price orders.

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