Synopsis: Shares of the power solutions company rose 2% after reporting a 226.5% YoY jump in Q3 PAT to ₹97.65 crore. Revenue grew 8.3%, while wind segment contribution increased to 18.2%, indicating an improving business mix.
The shares of this is a power solutions company specialising in diesel generator sets (DG sets) for main and backup use are in the spotlight after it rose 2% in today’s market session after it reported 226% growth in profit and the wind segment share rose to 18.2%.
With a market capitalisation of Rs. 5,875 cr, the shares of Powerica Ltd were trading at Rs. 464.30, jumping 2% in today’s market session, making a high of Rs. 479.50, up from its previous close of Rs. 470.25 per share. The shares were listed on the NSE and BSE on April 2, 2026, and have since climbed 19%.
Year-on-Year Performance (Q3FY26 vs Q3FY25)
The company delivered steady year-on-year growth in Q3FY26, with revenue from operations rising 8.3% to Rs. 762.93 crore compared to Rs. 704.22 crore in Q3FY25. Gross profit grew at a stronger pace of 15.3% to Rs. 252.11 crore, improving margins from 31.1% to 33.0%, indicating better cost efficiency.
Profit before tax (PBT) increased 21.9% to Rs. 57.93 crore, with margins expanding to 7.6% from 6.7%. The most notable improvement was in profit after tax (PAT), which surged 226.5% to Rs. 97.65 crore, significantly boosting PAT margins to 12.8% from 4.2%.
Nine-Month Performance (9MFY26 vs 9MFY25)
For the nine-month period, the company achieved robust growth across all key metrics. Revenue from operations increased 14.5% to Rs. 2,210.37 crore, while gross profit rose 24.1% to Rs. 800.19 crore, with margins expanding from 33.4% to 36.2%.
PBT grew 19.3% to Rs. 239.48 crore, with a slight improvement in margin from 10.4% to 10.8%. PAT also showed strong growth of 72.4%, reaching Rs. 232.20 crore compared to Rs. 134.70 crore in the previous year, with margins improving significantly from 7.0% to 10.5%. Overall, the nine-month performance reflects consistent growth, margin expansion, and improved operational efficiency.
Operational Highlights
The company’s revenue mix in 9MFY26 remained largely driven by the Generator Set segment, contributing 81.8% from 83.7% in 9MFY25. Within this, DG sets powered by Cummins engines formed the majority at 63.7%, down from 70.0%, while the MSLG business with Hyundai increased to 5.5% from 2.0%, and allied business contribution rose slightly to 12.6%.
The Wind Power segment improved its share to 18.2% from 16.3%, supported by growth in EPC and O&M for BoP business at 11.0% from 8.1%, though the IPP segment declined marginally to 7.2%.
On profitability, the Generator Set segment saw a modest improvement in EBITDA margin to 9.3% from 8.6%. In contrast, the Wind Power segment’s margin declined to 33.1% from 42.7%, despite remaining significantly higher overall. This reflects a stable core business with growing contribution from renewable and allied segments.
Powerica Ltd is an integrated power solutions provider specializing in diesel generator sets (DG sets), for both primary and standby applications and also into the Wind Power business as an Independent Power Producer (IPP) and EPC including O&M for Balance of plant.
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