S&S Power: Revenue rises in Q1 FY27 as the 3-year plan moves into Year 2

In Q1 FY27, revenue was INR 7,165 lakhs versus INR 6,041 lakhs in Q1 FY26. EBITDA was INR 220 lakhs versus INR 410 lakhs, and EPS was minus 0.21 versus 1.43.

The presentation states EBITDA was lower due to execution delay of the automation business, and EPS was further impacted due to deferred tax asset reversal.

SSPSE in Chennai manufactures high voltage disconnectors and services; Acrastyle in the UK provides protection and control panel solutions; HART in Kolkata provides automation solutions for aluminium plants including pot controllers and related systems.

Targets by FY 2028 include doubling organic revenues from FY 2025, improving EBITDA to 12 to 15 percent, generating positive free cash flow, investing 1.0 to 1.25 percent of revenue into R and D, expanding select export markets, and pursuing 1 or 2 technology acquisitions.

Acrastyle Phase I capacity expansion is stated to be completed and operational in Jul 2026. The group also states plans to modernize and scale up factories and expand capacities at current sites, with exploration of new sites if needed.

The presentation states the group is implementing SAP across group companies to bring all three facilities on a single platform, align processes, enable centralized reporting for compliance, and integrate strong cybersecurity measures.

SSPSE mentioned re-entry into Vietnam, Malaysia, Bangladesh and Africa and exhibitions in Kenya, Rwanda, Ethiopia and Tanzania. HART mentioned expansion into Middle East and Africa and Egypt execution commencing Sep 2026. Acrastyle mentioned UK market focus and engagement with BEAMA.