Susan Electricals India Ltd: Q1 FY27 Turnaround

Revenue from operations surged 278.95% to Rs 9,535.68 lakh in Q1 FY27, compared to Rs 2,516.31 lakh in Q1 FY26.
Profit After Tax (PAT) turned around to Rs 639.13 lakh from a loss of Rs 41.55 lakh in the prior year.

Reader Takeaway: Robust turnaround driven by revenue growth and product mix shift, supported by capacity expansion.

What just happened

Susan Electricals India Ltd announced its financial results for the first quarter of FY27 (ending June 30, 2026). The company reported a significant increase in revenue from operations, reaching Rs 9,535.68 lakh, a substantial jump from Rs 2,516.31 lakh in the same quarter last year. More notably, the company achieved a profit after tax (PAT) of Rs 639.13 lakh, marking a significant turnaround from a net loss of Rs 41.55 lakh in Q1 FY26. Operating profit also saw a massive increase of 980.20% to Rs 1,137.34 lakh.

Why this matters

This robust financial performance indicates a successful turnaround for Susan Electricals. The dramatic increase in revenue and the shift from loss to profit suggest improved operational efficiency and market demand. The expansion of manufacturing capacity and a strategic shift towards higher-value products like LT/HT cables and MVCC products are key initiatives aimed at sustaining this growth trajectory.

The backstory

In Q1 FY26, Susan Electricals faced a net loss of Rs 41.55 lakh on revenues of Rs 2,516.31 lakh, with operating margins at 4.18%. A significant shift in product mix has occurred, with Winding Wire revenue share decreasing from 47.74% to 24.39%, while LT/HT cables and MVCC products now constitute 72.79% of Q1 FY27 revenue.

What changes now

The company is set to increase its manufacturing capacity by 60%, from 7,500 Km to 12,000 Km per annum, by February 2027. This expansion, costing Rs 1,080.96 lakh, aims to support the growing demand for its higher-value product segments.

Risks to watch

Investors will closely monitor the execution of the capacity expansion project within the targeted timeline and budget. Sustaining the improved operating and PAT margins amidst market competition and raw material price fluctuations will be critical.

Peer comparison

(Data not available in filing)

Context metrics (time-bound)

As of June 30, 2026, Susan Electricals had an unexecuted order book of approximately Rs 142.39 crore and was tracking an active pipeline of Rs 150 crore.

What to track next

Investors should track the commencement of commercial operations for the new manufacturing line in February 2027 and the continued improvement in the company's product mix towards high-margin segments.