Now Reading: Kanohar Electricals shares jump 20% on strong Q1 results
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Kanohar Electricals shares jump 20% on strong Q1 results
Kanohar Electricals shares surged 20 per cent to an intraday high of ₹1,131 on Wednesday, 7 October, after the transformer manufacturer reported a sharp jump in June quarter earnings. The stock has risen about 79 per cent from its IPO price of ₹632 and is trading over 60 per cent above its listing price of ₹685.50 from September 16.
For Q1FY27, the company posted a profit after tax of ₹27 crore (CNBCTV18 reports ₹27.3 crore), up about 140 per cent from ₹11 crore a year ago. Revenue doubled to ₹137 crore from ₹67 crore, with EBITDA margin improving to about 28.3 per cent from 22.8 per cent. The management attributed the improvement to higher manufacturing volumes and a better product mix, particularly in the 400 kV transformer segment.
Kanohar added orders worth ₹332.3 crore in the quarter, taking its order book to ₹2,026 crore, executable over 18 to 24 months. The company is targeting revenue of ₹950 crore for FY27. Its Gangol brownfield expansion and potential orders in the 765 kV transformer segment are seen as key triggers for the stock.
Indian Opinion Analysis
Both Business Standard and CNBCTV18 report the same earnings numbers and stock price surge in straight, fact-led coverage with no discernible slant. Business Standard includes a brokerage view calling the rally justified and flagging 765kV order conversion as the next re-rating trigger, while CNBCTV18 quotes the whole-time director directly. The uniform reporting reflects the market-focused nature of both outlets. The next concrete item to watch is the company's progress on winning 765kV transformer orders and its ability to sustain margins while scaling revenue toward the ₹950 crore FY27 target.
Coverage: 2 sources, 2 neutral
Sources (2): business-standard.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
