Anawil Wire and Engineering Reports 272.2% H1FY27 Revenue Growth

Anawil Wire and Engineering Limited reported H1FY27 revenue of Rs 153.97 crore, a 272.2% year-on-year increase, while profit after tax rose 539.3% to Rs 14.39 crore for the half year ended September 30, 2026. The results matter because they indicate a sharp expansion in the company’s operating scale ahead of its planned execution of wind-tower orders.

What did Anawil report for H1FY27?

Anawil reported revenue of Rs 153.97 crore for H1FY27, compared with the corresponding prior-year period, representing growth of 272.2%. PAT for the six-month period stood at Rs 14.39 crore, up 539.3% year on year, according to the company’s results update released on November 6, 2026.

The company submitted its financial results for the period ended September 30, 2026 following its board meeting. Its accompanying press release was titled “Anawil Wire & Engineering Ltd Strong Revenue Growth Drives Robust EBITDA and PAT Performance in H1FY27.” The supplied update did not disclose the absolute EBITDA figure for H1FY27, but it highlighted the improvement in EBITDA alongside revenue and PAT growth.

Why did Anawil's profit rise faster than revenue?

Anawil’s PAT growth of 539.3% exceeded its revenue growth of 272.2%, indicating a substantial improvement in earnings during the half year. However, the available announcement does not provide a detailed breakdown of costs, margins, finance expenses, taxes or other factors behind the increase. The disclosed figures therefore establish the scale of profit growth but not its individual drivers.

The company’s recent annual operating data provides context for the expansion. Revenue from operations rose from Rs 54 crore in FY24 to Rs 78.6 crore in FY25 and Rs 143.3 crore in FY26. Over the same period, EBITDA increased from Rs 22.2 crore to Rs 30 crore and then Rs 61.1 crore, while PAT rose from Rs 4.4 crore to Rs 12.3 crore and Rs 36.6 crore, respectively.

The broader reported financial series also places FY26 total revenue at Rs 143.27 crore, after Rs 78.59 crore in FY25 and Rs 54.07 crore in FY24. These figures show that Anawil entered FY27 after two years of significant revenue growth, although investors should rely on the company’s detailed financial statements for reconciliations between total revenue and revenue from operations.

What orders and capacity support Anawil's execution plans?

Anawil had an order backlog of about Rs 359.81 crore for 379 towers as of March 31, 2026, spanning six clients. The backlog was about 2.5 times FY26 revenue, based on the company’s disclosed FY26 revenue base, and provides visibility on work requiring execution over subsequent periods.

A key order is worth Rs 133.98 crore and covers the supply of 38 wind-turbine towers for an FDRE wind project in Andhra Pradesh. The company expects completion of this order by the fourth quarter of FY27. It also disclosed two orders with a combined FY27 value of Rs 267.96 crore.

Production increased to 210 towers in FY26 from 135 towers in FY25 and 114 towers in FY24. Annual manufacturing capacity reached about 612 towers after the addition of the Kutch facility. FY26 output represented approximately 48.2% capacity utilisation, leaving scope for higher volumes if the facility ramps up as planned.

What should investors track after the H1FY27 results?

Investors should track order execution, capacity utilisation and the Kutch facility ramp-up because these factors are directly linked to Anawil’s disclosed backlog and production plans. The company has also said EBITDA per tower was expected to rise from about Rs 22 lakh in FY25 to Rs 29 lakh in FY26, associated with higher production volumes.

The results update cited FY27 revenue guidance of Rs 450 crore to Rs 500 crore. However, other supplied commentary states that the company had not provided formal numerical FY27 revenue-growth guidance. This difference makes management’s clarification on the earnings call relevant for investors assessing whether the Rs 450 crore to Rs 500 crore range is a formal company target.

Anawil is scheduled to hold its H1FY27 earnings conference call on November 9, 2026, at 12:00 PM IST. The call is expected to address operational and financial performance, and may provide further detail on the half-year results, the Andhra Pradesh order and capacity utilisation.

How does seasonality affect Anawil's financial performance?

Anawil’s business has been described as highly seasonal. In FY26, the October-to-March period accounted for nearly 70% of revenue, compared with about 29% in the first half. This pattern means H1 performance should be assessed together with execution plans for the second half rather than viewed as a complete indicator of the full-year outcome.

The H1FY27 revenue figure of Rs 153.97 crore is nonetheless material relative to the company’s FY26 revenue disclosures. The revenue comparison reflects strong reported growth, while the seasonal nature of the business makes delivery schedules, tower production and order completion important factors for later periods.

Conclusion

Anawil’s H1FY27 results show sharp reported expansion, with revenue rising 272.2% to Rs 153.97 crore and PAT increasing 539.3% to Rs 14.39 crore. The company’s backlog of Rs 359.81 crore, growing tower output and added Kutch capacity provide operational context for the results.

The next focus is the November 9 earnings call, where investors can watch for clarification on FY27 revenue guidance, progress on the Rs 133.98 crore Andhra Pradesh order and the pace of capacity utilisation. Completion of the 38-tower order is expected by Q4 FY27.