Shera Energy Q1 FY27: record revenue, stronger margins, and a clear integration roadmap

Consolidated revenue was INR 487.77 crore, earnings before interest, tax, depreciation and amortisation including other income was INR 30.91 crore, and profit after tax was INR 12.64 crore for Q1 FY27.

The presentation states Q1 FY27 performance was driven solely by the existing business, as the Zambia copper cathode facility and new lines such as continuously transposed conductors, super-fine wire and photovoltaic ribbon were still pre-commercial.

Shera Zambia Limited is stated to be pre-commercial at pilot stage, with Phase 1 capacity of 1,200 metric tonnes per year and a proposed scale-up to 5,000 metric tonnes per year. The presentation states a first trial batch of 8.6 metric tonnes of 99.99% purity cathode was produced and sold.

The presentation lists continuously transposed conductors, super-fine enamel wires, bunched strips and solar photovoltaic ribbon as new value-added products, and states commercial production has not yet commenced as of Q1 FY27.

Rajputana Industries Limited is described as a non-ferrous recycling business in which Shera holds 51.01%, with 13,150 metric tonnes per annum installed recycling capacity. The presentation shows Q1 FY27 revenue of INR 392.81 crore for Rajputana and a profit after tax margin of about 1.94%.

The presentation states a 56-day working capital cycle for Q1 FY27 and debtor days of 44.

The company states its rating was upgraded to ACUITE A- stable and A2+ on 15 July 2026 across INR 262.61 crore of facilities.