Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), one of India’s leading transformer manufacturers, on Monday announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, reporting strong growth across key financial metrics driven by capacity expansion and robust order inflows.
For the third quarter of FY26, the company reported revenue from operations of ₹472 crore, registering a year-on-year (YoY) growth of 79.7% compared to ₹263 crore in Q3 FY25. Revenue for the nine-month period ended December 2025 stood at ₹1,104 crore, up 32.6% YoY from ₹833 crore in the corresponding period last year.
EBITDA for Q3 FY26 more than doubled to ₹91 crore from ₹42 crore a year earlier, reflecting a YoY increase of 119.6%. EBITDA margin expanded by 352 basis points to 19.4%, compared to 15.8% in Q3 FY25. For the nine-month period, EBITDA rose 56% YoY to ₹195 crore, with margins improving to 17.7% from 15.0%.
Profit after tax (PAT) increased by 94.6% YoY to ₹43 crore in Q3 FY26, while nine-month PAT rose 34.6% to ₹100 crore. Basic and diluted earnings per share (EPS) nearly doubled to ₹24.17 in Q3 FY26 from ₹12.44 in the same quarter last year.
The company attributed the strong performance to higher capacity utilisation at its legacy plants and the contribution from its new Vadodara manufacturing facility, which accounted for nearly one-third of quarterly revenue. Margin expansion was supported by operating leverage from higher volumes, a favourable product mix, and improved procurement efficiency of key raw materials.
On the business front, Atlanta Electricals reported a consolidated order book of ₹2,451 crore as of December 2025, the highest in the company’s history, providing strong visibility for future execution. Order intake during Q3 FY26 stood at ₹796 crore.
During the quarter, the company secured a ₹298 crore order from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of 25 high-capacity transformers, including 220/66 kV, 66/11.55 kV and 220/132 kV units. It also received an order worth ₹134 crore from Adani Green Energy Limited for the supply of inverter duty transformers.
Operationally, Atlanta Electricals commenced operations at its Atlanta Trafo facility during the quarter and expanded its testing capabilities, increasing the number of NABL-accredited testing laboratories to seven from four in the previous quarter.
Commenting on the results, Niral Patel, Chairman and Managing Director of Atlanta Electricals Limited, said the company has entered a new growth phase following significant investments over the past 18 months to expand manufacturing capacity to 63,060 MVA, nearly four times its earlier capacity. He added that with the investment phase largely complete, the company’s focus will now be on driving capacity utilisation to unlock further operating leverage.
Patel also highlighted the long-term growth potential of the transformer industry, citing planned transmission investments of ₹9.6 trillion through 2032, and said Atlanta Electricals is well positioned to capitalise on the multi-year opportunity.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
