Electrical Equipment & Products company Shilchar Technologies announced Q4FY26 & FY26 results Financial Highlights: Revenue from Operations for Q4FY26 was Rs 151.65 crore, representing a 35% YoY decrease from Rs 231.86 crore in Q4FY25 and a 10.93% QoQ decrease from Rs 170.26 crore in Q3FY26. Total Income for Q4FY26 stood at Rs 158.32 crore, compared to Rs 236.45 crore in Q4FY25 (down 33% YoY) and Rs 176.34 crore in Q3FY26 (down 10.22% QoQ). EBITDA (Excluding Other Income and Exceptional Items) for Q4FY26 was Rs 31.91 crore, showing a 55% YoY decline from Rs 71.24 crore in Q4FY25 and a 39.21% QoQ decline from Rs 52.49 crore in Q3FY26. EBITDA Margin for Q4FY26 was 21.0%, a decrease from 30.7% in Q4FY25 and 30.8% in Q3FY26. Profit Before Tax (PBT) for Q4FY26 reached Rs 37.48 crore, marking a 50% YoY decrease from Rs 74.68 crore and a 34.66% QoQ decrease from Rs 57.36 crore. Profit After Tax (PAT) for Q4FY26 was Rs 28.39 crore, a 49% YoY decrease compared to Rs 55.36 crore in Q4FY25 and a 32.95% QoQ decrease from Rs 42.34 crore in Q3FY26. Earnings Per Share (EPS) for Q4FY26 stood at Rs 24.82, down 49% YoY from Rs 48.39 and down 32.94% QoQ from Rs 37.01. For the full year FY26, Revenue from Operations was Rs 651.94 crore, reflecting a 5% YoY growth from Rs 623.15 crore in FY25. Annual Total Income for FY26 was Rs 677.99 crore, representing a 6% YoY increase from Rs 639.62 crore in FY25. Annual EBITDA (Excluding Other Income and Exceptional Items) for FY26 reached Rs 190.42 crore, up 3% YoY from Rs 184.75 crore in FY25. Profit Before Tax (PBT) for FY26 was Rs 211.97 crore, showing a 7% YoY increase from Rs 197.37 crore in FY25. Profit After Tax (PAT) for the full year FY26 was Rs 158.16 crore, marking an 8% YoY growth from Rs 146.85 crore in FY25. Annual EPS for FY26 reached Rs 138.25, an 8% YoY increase compared to Rs 128.37 in FY25. Business Highlights: The performance in Q4FY26 was impacted by logistical disruptions in West Asia and uncertainty regarding US tariff policies, leading to deferred shipments and slower dispatches. Export order inflows recovered in Q4FY26, and deliveries have picked up notably in Q1FY27 following policy amendments and robust demand from US customers. Domestic demand remained firm in FY26, supported by record renewable energy commissioning of approximately 55 GW. The company initiated its Gavasad Expansion #3, a new 6,500 MVA facility, which is on track for commissioning in April 2027. The current existing installed capacity stands at 7,500 MVA (FY27), with plans to expand to a total annual capacity of 14,000 MVA post-expansion (FY28). The company has a robust order pipeline of approximately Rs 800 crore for FY27. Shilchar Technologies Limited remains a debt-free company with a balance sheet supported by substantial cash reserves. The export-mix for the company improved to 48% in FY26, compared to 43% in FY25. The company specialized in custom-made transformers for Renewables and Industrial applications, currently focusing on units up to 50 MVA and 132 KV class, with expansion plans into the 220 KV class. Alay J. Shah Chairman & Managing Director, said: Shilchar continued on its financial growth trajectory in FY26, reporting revenue of Rs 652 crore, with EBITDA margins coming in at 29%. The year, however, closed with a softer Q4, shaped by two distinct macro and geopolitical developments that temporarily weighed on order intake and dispatches. On the export front, uncertainty around US tariff policy during the preceding quarters moderated order intake from US customers in Q3. While order inflows recovered in Q4, dispatches during the quarter remained slow, given the lower order intake in Q3 and interim tariff policy uncertainty at the time. With subsequent policy amendments coupled with a robust demand outlook from US customers, both order intake and deliveries have picked up notably in Q1FY27. Additionally, a significant volume of Q4 shipments were scheduled for delivery to Middle East customers in March 2026, which could not be dispatched due to the crisis in West Asia and the resulting logistical disruptions. These shipments have been deferred, not cancelled. Dispatches to the region resumed in April, and the situation has improved considerably since then. Both factors were temporary in nature, and Shilchar is well positioned to resume its growth trajectory from the coming quarters. On the domestic front, demand has remained firm, particularly in the context of record renewable energy commissioning of ~55 GW in FY26. On the CAPEX front, our Gavasad Expansion #3, a new 6,500 MVA facility, remains on track for commissioning in April 2027. In FY27, we expect to operate at full utilisation of our existing 7,500 MVA capacity. Demand across our key domestic and export markets remains strong, and our overall business outlook continues to be robust. Result PDF