Danish Power Reports 38% H1 FY27 Revenue Growth to ₹291.93 Crore

Danish Power Limited reported H1 FY27 consolidated revenue of ₹291.93 crore, up 38% year on year, and EBITDA of ₹55.73 crore at a 19.09% margin. The investor presentation also set out Q2 segment revenue trends and ongoing asset investment, while disclosing a planned expansion to roughly 26,000 MVA.

What did Danish Power report for H1 FY27?

Danish Power reported consolidated revenue of ₹291.93 crore for the first half of FY27, representing year-on-year growth of 38%, according to its investor presentation. Consolidated EBITDA was ₹55.73 crore, translating into an EBITDA margin of 19.09%. Consolidated profit after tax, or PAT, stood at ₹37.72 crore and was reported to be 32% higher than the corresponding prior-year period.

The company disclosed these figures in an investor presentation filed with the exchange on 5 November 2026. The presentation is the basis for the financial data, as the source states that Danish Power had not published an earnings-call transcript for the quarter. The reported figures should therefore be viewed as presentation disclosures rather than management guidance.

How did Danish Power perform in the September quarter?

Danish Power's consolidated segment revenue for the quarter ended 30 September 2026 was ₹295.77 crore, compared with ₹216.32 crore a year earlier, an increase of about 37%. Total income for the quarter was ₹297.53 crore, against ₹216.67 crore in the corresponding quarter of FY26.

The transformers segment remained the principal revenue contributor. Transformer revenue increased to ₹265.36 crore from ₹198.45 crore a year earlier. Panels revenue rose to ₹21.31 crore from ₹11.57 crore. The disclosed segment figures indicate that both product lines recorded year-on-year growth during the quarter.

Quarterly EBITDA was ₹57.65 crore, compared with ₹37.94 crore in Q2 FY26, an increase of around 52%. Consolidated PAT increased to ₹37.72 crore from ₹28.49 crore, or about 32% year on year. These comparisons are based on the financial data cited in the presentation material.

What investments and capacity plans has Danish Power disclosed?

Danish Power disclosed a consolidated capital work-in-progress balance of ₹12.57 crore as of 30 September 2026. Standalone capital work-in-progress was ₹10.28 crore. These balances indicate that projects and asset additions were still under development at the end of the September quarter.

Consolidated property, plant and equipment stood at ₹77.20 crore by September 2026, while standalone property, plant and equipment was ₹70.87 crore. The company also reported that it plans to expand capacity to about 26,000 MVA. Its announcement referred to a ₹200 crore expansion plan and said a radiator plant was expected to be commissioned soon.

The investor presentation also indicated that short-term borrowings increased by approximately ₹2.07 crore in both the standalone and consolidated financial statements. The disclosed borrowing movement is relevant because the company is undertaking expansion-related investment alongside higher operating scale.

Why are transformer and panel sales important to Danish Power?

Danish Power is a Jaipur-based business-to-business manufacturer of transformers, protection and control panels, and substation automation systems. Its transformer portfolio includes liquid-immersed, dry-type and special transformers, including inverter-duty products used in renewable-energy projects such as solar plants and wind farms.

The company also supplies power transformers, distribution transformers and control panels to state electricity boards and private industries. Its panels and automation portfolio includes control relay panels, medium-voltage switchgear panels and substation automation systems. This product mix links the company to electricity transmission, distribution, industrial power requirements and renewable-energy installations.

The reported Q2 revenue mix shows that transformers accounted for the large majority of segment revenue. However, panels recorded a higher percentage increase from a smaller base. The presentation does not provide a separate margin breakdown for the transformer and panels businesses, so their individual profitability cannot be determined from the disclosed information.

How does the update affect investors and industry participants?

For investors, the presentation provides evidence of higher reported revenue, EBITDA and PAT compared with the prior-year quarter, while also showing the scale of planned capacity additions. The H1 EBITDA margin of 19.09% gives a consolidated profitability measure for the half year. Danish Power is listed on the NSE SME platform under the symbol DANISH.

For customers and industry participants, the planned capacity expansion may be relevant to future manufacturing capability in transformers and related equipment. But the presentation does not disclose a commissioning date for the full expansion, project-level spending details, or expected financial contribution from the additional capacity. The order book was stated to be above ₹600 crore in the 5 November announcement, although the source does not provide an execution schedule or customer-wise composition.

The figures also need to be read with the different reporting labels used in the source material. The H1 revenue figure is described as consolidated revenue, while the September-quarter figure is identified as consolidated segment revenue. Danish Power has not provided an earnings-call transcript for this quarter in the supplied disclosures, limiting the available commentary on volume, pricing, order conversion and margins.

Conclusion

Danish Power's presentation reported 38% H1 FY27 consolidated revenue growth to ₹291.93 crore, alongside EBITDA of ₹55.73 crore and a 19.09% margin. The September-quarter disclosures also showed year-on-year growth in transformers, panels, EBITDA and PAT, with transformers remaining the largest reported segment.

Investors will next watch progress on the stated ₹200 crore expansion plan, commissioning of the radiator plant, and movement in the order book reported at above ₹600 crore. The presentation also identifies planned capacity of about 26,000 MVA, but does not disclose a full commissioning timetable or detailed execution milestones.