Susan Electricals India Q2 Profit Rises to Rs 6.76 Crore

Revenue hit Rs 106.71 crore, while H1 profit reached Rs 13.15 crore.
Reader Takeaway: Revenue more than doubled year-on-year, though investors should monitor the remaining Rs 11.35 crore in unutilized IPO funds.

What just happened

Susan Electricals India Ltd released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company saw a significant surge in both topline and bottom-line growth compared to the corresponding period last year. Revenue from operations for the quarter stood at Rs 106.71 crore, a sharp increase from Rs 44.51 crore in Q2 FY2026. Net profit for the quarter was reported at Rs 6.76 crore, up from Rs 4.94 crore in the previous year.

Why this matters

The jump in revenue indicates a robust scaling of business operations for the company. For the half-year (H1) period, the company reported revenue of Rs 202.06 crore and a net profit of Rs 13.15 crore, significantly outpacing the Rs 69.67 crore revenue and Rs 4.53 crore profit recorded in the first half of the previous fiscal year. The earnings per share (EPS) for the quarter stands at Rs 3.33.

IPO Proceeds Utilization

As of September 30, 2026, the company has utilized Rs 48.87 crore out of the total Rs 60.22 crore net proceeds raised from its IPO. Key deployments include Rs 8.68 crore for capital expenditure and Rs 24.95 crore for working capital requirements. Approximately Rs 11.35 crore remains unutilized, which the company continues to manage for general corporate purposes and further expenditure.

Context and Next Steps

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The statutory auditors have issued an unmodified limited review report, indicating no major accounting concerns. The trading window for designated persons, which was closed during the reporting period, is scheduled to reopen on Thursday, November 5, 2026.