Atlanta Electricals Limited reported strong growth in its audited consolidated financial results for the quarter and full year ended March 31, 2026, driven by capacity expansion, higher utilisation across manufacturing facilities, and growing demand for high-voltage transformers.
The company posted consolidated revenue from operations of Rs. 747.62 crores in Q4 FY26, marking an 81.7% year-on-year increase compared to Rs. 411.49 crores in the corresponding quarter last year. For the full financial year FY26, revenue rose 48.8% YoY to Rs. 1,851.52 crores.
EBITDA for Q4 FY26 surged 117.8% YoY to Rs. 149.45 crores, while EBITDA margin expanded by 333 basis points to 20.00%. On a full-year basis, EBITDA increased 77.9% to Rs. 344.44 crores, with margins improving to 18.60% from 15.56% in FY25.
Profit after tax (PAT) for the fourth quarter climbed 128.9% YoY to Rs. 102.19 crores, while FY26 PAT grew 70.1% to Rs. 201.77 crores. The company attributed the margin expansion to operating leverage, a higher contribution from 220 kV products, and improved procurement efficiencies.
Atlanta Electricals stated that revenue growth during the year was supported by the ramp-up of its new Vadod manufacturing facility, the commissioning of Atlanta Trafo, and continued high utilisation at its legacy plants.
The company also announced that its balance sheet is now fully deleveraged after repaying both the Rs. 140 crores Vadod term loan and the Rs. 218 crores BTW acquisition term loan. As of March 31, 2026, the company reported a nil term debt position.
The order book stood at Rs. 2,493 crores at the end of FY26, with a growing share of higher-voltage products, including 52% in the 220 kV segment and nearly 11% in the 400 kV category. During Q4 FY26, the company secured fresh orders worth Rs. 733 crores, including major contracts from KPTCL and an Independent Power Producer executing projects for NTPC.
In April 2026, Atlanta Electricals received approval from PGCIL to manufacture transformers up to the 400 kV class at its Vadod facility, a milestone achieved within two years of groundbreaking. The company described this as one of the fastest timelines in the Indian transformer industry. In May 2026, it also secured a Rs. 190 crores order from RVPN for the supply of 53 power transformers under a two-year rate contract.
The company noted that while its legacy facilities continued operating at high capacity utilisation in FY26, the Vadod facility achieved approximately 39% annualised utilisation, while Atlanta Trafo reached nearly 15% annualised utilisation.
Commenting on the performance, Niral Patel said FY26 marked a defining year for the company following its listing on the NSE and BSE in September 2025. He added that Atlanta Electricals has expanded its installed manufacturing capacity to 63,060 MVA across five facilities after an intensive 18-month capacity build-out phase.
Looking ahead, the company plans to prototype its first 400 kV transformer at the Vadod facility and a 765 kV transformer at Atlanta Trafo in FY27. It also aims to expand exports, tap rising domestic demand from battery energy storage systems (BESS), data centres, and renewable energy projects, while commencing operations at its new inverter duty transformer facility and backward integration plant for tanks and radiators.
The company highlighted that with nearly Rs. 9 trillion in planned transmission investments through 2032, it sees significant long-term growth opportunities in India’s power transmission sector.
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