What was Power and Instrumentation's revenue in Q3 FY26?

Power and Instrumentation reported revenue of ₹49 Cr in Q3 FY26, a +43.18% change year-over-year.

Did Power and Instrumentation management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Power and Instrumentation Q3 FY26 Research Workspace: Revenue ₹49 Cr (+43.18%)

Q: What guidance did Power and Instrumentation management give?

Revenue CAGR of 30-35% over next 5 years: Management targets 30-35% year-on-year revenue growth for the next five years, backed by strong sector tailwinds.

Revenue ₹49 Cr +43.18%

EBITDA ₹6 Cr +37.83%

PAT ₹4 Cr +11.96%

EBITDA Margin 12.6% -50bps

Duration 55 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

Power and Instrumentation reported a strong Q3 FY26 with total income of ₹48.89 crore, up 43.18% YoY, driven by robust execution in the RDSS distribution segment and infrastructure projects. EBITDA grew 37.83% to ₹6.16 crore, with margins at 12.6%, slightly compressed due to input cost pressures. PAT rose 11.96% to ₹3.57 crore. The order book stands at ₹450 crore, with 65% from distribution and 35% from infra. Management guided for 30-35% revenue CAGR over five years, targeting EBITDA margins of 12-14% and PAT margins of 9-10% in the medium term. The new busbar manufacturing business (Freebar) is expected to contribute 20-25% of revenue from FY28. Key risk: manpower shortage in a rapidly scaling EPC market could constrain execution capacity.

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Research workspace

Focused Modules

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Risk Intelligence

Manpower shortage in EPC sector

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Quarter Snapshot

Order Book ₹450 crore

+125% YoY (est.)

Executable order book as on date; 65% from RDSS/distribution, 35% from infra.

Bid Pipeline ₹500 crore

N/A

Current bids of ₹200 crore plus another ₹200-250 crore to be bid shortly.

Working Capital Cycle 95-100 days

-5 days YoY (est.)

Receivable days targeted below 90 days; improving year-on-year.

Client Retention Rate 80-85%

N/A

Repeat orders from existing clients over the last decade.

Fast read

Guidance and risk preview

Top guidance Revenue CAGR of 30-35% over next 5 years

Management targets 30-35% year-on-year revenue growth for the next five years, backed by strong sector tailwinds.

Top risk Manpower shortage in EPC sector

Management acknowledged a shortage of technical manpower due to rapid scaling, which could impact execution capacity.