Pace Digitek raises FY27 guidance to Rs 3,300-3,500 crore

Pace Digitek Limited raised its FY27 revenue guidance to Rs 3,300-3,500 crore after revenue from operations rose 51.4% year on year to Rs 1,364 crore in the first half, or H1, of FY27. The October 31, 2026 announcement also reported Rs 2,437 crore of order inflows and an executable order book of Rs 10,735 crore.

Why did Pace Digitek raise FY27 revenue guidance?

Pace Digitek raised its FY27 revenue guidance to Rs 3,300-3,500 crore from an earlier range of Rs 3,200-3,400 crore. The lower and upper ends of the outlook are each Rs 100 crore higher, following H1 FY27 revenue of Rs 1,364 crore versus Rs 901 crore in H1 FY26.

The reported first-half growth was accompanied by revenue of Rs 808 crore in the second quarter, or Q2, of FY27, up 51.5% year on year from Rs 533 crore and 45.5% from Rs 555 crore in Q1 FY27. Pace Digitek also stated that it expects FY28 revenue of Rs 4,000-4,200 crore, supported by manufacturing expansion, project execution and opportunities in Energy and Telecom & ICT.

How did Pace Digitek perform in Q2 and H1 FY27?

Pace Digitek reported higher revenue, earnings before interest, tax, depreciation and amortisation (EBITDA), and profit after tax (PAT) in both Q2 and H1 FY27. Q2 EBITDA increased 68.5% year on year to Rs 159 crore and PAT rose 43.3% to Rs 97 crore, while H1 EBITDA increased 40.5% to Rs 245 crore and PAT rose 30.4% to Rs 160 crore.

Pace Digitek’s Q2 EBITDA margin increased by 2 percentage points to 19.6% from 17.6%, while its Q2 PAT margin declined by 0.7 percentage points to 12.0%. For H1 FY27, EBITDA margin fell by 1.4 percentage points to 17.9% and PAT margin by 1.9 percentage points to 11.7%, despite the increases in absolute earnings.

Pace Digitek reported profit before tax of Rs 130 crore in Q2 FY27 and Rs 212 crore in H1 FY27. Cash and bank balances stood at Rs 515 crore as of September 30, 2026, and net debt-to-equity was 0.35 times as the company continued to invest in manufacturing expansion and project execution.

Which orders and segments support Pace Digitek's execution?

Pace Digitek recorded H1 FY27 order inflows of Rs 2,437 crore, comprising Rs 2,173 crore from Energy and Rs 265 crore from Telecom & ICT. Its executable order book stood at Rs 10,735 crore on September 30, 2026, with Energy contributing Rs 8,528 crore and Telecom & ICT contributing Rs 2,208 crore.

Energy order inflows included two 250 megawatt (MW) and 500 megawatt-hour (MWh) battery energy storage system (BESS) engineering, procurement and construction (EPC) projects worth Rs 709.9 crore from NLC India and Rs 702 crore from DVC. The disclosed wins also included a Rs 179.4 crore, 57.5 MW and 115 MWh BESS build-own-operate-transfer project from BSES Rajdhani Power and Rs 581.4 crore of BESS supply orders from NGSL and Kalpa Power.

Pace Digitek commissioned 875 MWh of BESS capacity in H1 FY27 while progressing utility-scale storage and renewable-energy projects and fulfilling private-customer supply orders. In Telecom & ICT, the Rs 265 crore of inflows primarily reflected a Rs 264.7 crore BharatNet optical fibre cable EPC order that was in the survey phase.

The company said the BSNL 4G Saturation Project and TANFINET optical fibre cable rollout had been completed and moved into operations and maintenance (O&M). Pace Digitek identified O&M work on these projects as providing continued engagement and visibility on recurring service revenue alongside EPC activity.

How is Pace Digitek expanding BESS manufacturing?

Pace Digitek doubled operational BESS manufacturing capacity from 2.5 gigawatt-hours (GWh) to 5 GWh through the August 2026 commissioning of Line 2, which has 2.5 GWh of capacity. H1 FY27 BESS production reached 0.844 GWh, equivalent to about 94% of the production achieved during all of FY26.

Line 3, which would add 5 GWh of capacity, was under implementation with commissioning targeted for December 2026. If commissioned as planned, Pace Digitek’s total planned BESS manufacturing capacity would reach 10 GWh, compared with the 5 GWh of operational capacity disclosed for H1 FY27.

Pace Digitek has developed an in-house BESS container prototype, with trial production scheduled for November 2026 and full-scale production planned from January 2027. The company said the facility is expected to meet about 50% of its container requirements; it also developed 261 kilowatt-hour BESS cabinets for the commercial and industrial segment and completed customer trials.

Conclusion

Pace Digitek’s higher FY27 revenue range follows a first half in which revenue reached Rs 1,364 crore, order inflows were Rs 2,437 crore and Energy represented Rs 8,528 crore of the Rs 10,735 crore executable order book. Revenue, EBITDA and PAT increased in Q2 and H1 FY27, although the H1 EBITDA and PAT margins were below the comparable prior-year period.

The next disclosed milestones are BESS container trial production in November 2026, targeted commissioning of the 5 GWh Line 3 in December 2026 and planned full-scale container production from January 2027. Pace Digitek’s stated FY27 and FY28 outlook depends on manufacturing expansion, project execution and opportunities across its Energy and Telecom & ICT businesses.