Powerica H1 Revenue Up 12.5% To Rs 1,627 Crore

Revenue grew to Rs 1,627.71 crore in H1 FY27 from Rs 1,447.44 crore in H1 FY26. Profit after tax rose to Rs 132.86 crore, up 3% year-on-year.

Reader Takeaway: Strong data center demand and wind energy expansion balance pressure from rising steel and input costs.

What just happened

Powerica Limited announced its H1 FY27 financial results and strategic updates. The company recorded an EBITDA of Rs 234.8 crore for the half-year period. Simultaneously, the Board approved the divestment of 49% of its equity stake in its subsidiary, Windstride Power Private Limited, to GE Renewable R&D India Private Limited. This transaction reduces Powerica’s holding in the entity to 51%.

Why this matters

The stake sale to a global major like GE Renewable signals a collaborative shift in Powerica's renewable energy strategy. Furthermore, the company reported a robust order book for Cummins-powered DG sets totaling Rs 1,950 crore as of October 2026, with a significant Rs 1,200 crore concentration in the high-growth data center segment. The new 50 MW wind project win from Gujarat Urja Vikas Nigam Limited (GUVNL) reinforces the company's footprint in the renewable space.

Risks to watch

Management highlighted that rising steel prices remain a headwind for near-term margins. While the company successfully implemented price revisions to improve sequential margins in Q2, the ability to pass on further cost escalations in a competitive DG market is critical. Constraints on engine supply also remain a variable in operational execution.

What to track next

Investors should track the progress of the GUVNL wind project and the company’s ability to maintain double-digit revenue growth through FY27. Additionally, the integration of GE Renewable as a strategic partner in the Windstride venture will be a key operational development.