📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
S&S Power Targets Doubling Revenue by FY28; Order Book Hits Record ₹300 Cr
S&S Power Switchgears has announced a 3-year strategic roadmap (FY 2026-2028) aiming to double organic revenues and achieve EBITDA margins of 12-15%. The company reported a record order intake of over ₹300 Crores in FY 25, marking a 67% YoY growth, despite temporary margin pressure from one-time operational streamlining costs. Key milestones include a patent for 800kV Disconnectors and securing the largest-ever international order for its subsidiary HART from Egypt. The group plans to invest 1.0-1.25% of revenue into R&D and implement SAP across all facilities to drive a projected 20% CAGR.
Key Highlights
Record order intake of over ₹300 Crores in FY 25, representing a 67% year-on-year growth.
Strategic goal to double organic revenue by FY 2028 with a targeted 20% CAGR.
Acrastyle UK subsidiary reported 30% YoY revenue growth with a robust order book of ~₹180 Crores.
SSPSE unit secured a patent for 800kV Disconnectors and maintains an order book of ~₹80 Crores.
Commitment to invest 1.0-1.25% of revenue in R&D and achieve 12-15% EBITDA margins by FY 2028.
💼 Action for Investors
Investors should focus on the company's ability to translate its record ₹300 Cr order book into bottom-line growth as one-time restructuring costs phase out. Monitor the successful commercialization of the 765kV and 800kV products as key indicators of technological leadership.
S&S Power Q3 FY26 Revenue Jumps 104% to ₹80.3 Cr; EBIDA Turns Positive at ₹5.9 Cr
S&S Power Switchgears reported a strong turnaround in Q3 FY26, with revenue doubling to ₹80.30 crore from ₹39.30 crore YoY. The company flipped from an EBIDA loss of ₹2.00 crore to a profit of ₹5.90 crore, reflecting significantly improved operational efficiency. EPS for the quarter stood at ₹2.84 compared to a loss of ₹4.28 in the previous year. Despite a lower quarterly order intake of ₹50.50 crore, the cumulative YTD order book remains healthy at ₹245.30 crore, supporting future revenue visibility.
Key Highlights
Revenue surged 104% YoY to ₹80.30 crore in Q3 FY26 compared to ₹39.30 crore in Q3 FY25.
EBIDA turned positive at ₹5.90 crore against a loss of ₹2.00 crore in the same quarter last year.
Year-to-date (YTD) FY26 revenue reached ₹201.80 crore, a 54% increase over YTD FY25.
Cumulative order book stands at a robust ₹245.30 crore as of December 31, 2025.
Quarterly EPS improved to ₹2.84 from a negative ₹4.28 in the year-ago period.
💼 Action for Investors
Investors should note the successful operational turnaround and positive swing in profitability; continued monitoring of order book growth and execution is advised to confirm long-term sustainability.
S&S Power Q3 Standalone Loss Widens to ₹1.31 Cr; Subsidiaries Post ₹6.01 Cr Profit
S&S Power Switchgears reported a standalone net loss of ₹130.97 Lakhs for Q3 FY26, widening from a loss of ₹87.10 Lakhs in the previous year. While standalone revenue grew 41.5% YoY to ₹131.49 Lakhs, it was weighed down by a significant rise in employee costs, including ₹83.30 Lakhs in non-cash ESOP amortization. However, the consolidated picture is stronger, with subsidiaries contributing a profit of ₹601.54 Lakhs on revenue of ₹5,827.04 Lakhs for the quarter. The company continues to navigate high finance costs of ₹59.81 Lakhs at the standalone level.
Key Highlights
Standalone total income increased to ₹131.49 Lakhs in Q3 FY26 from ₹92.91 Lakhs in Q3 FY25.
Standalone net loss widened to ₹130.97 Lakhs, impacted by ₹83.30 Lakhs in ESOP amortization costs.
Subsidiaries reported robust quarterly revenue of ₹5,827.04 Lakhs and a profit after tax of ₹601.54 Lakhs.
Nine-month consolidated profit for subsidiaries reached ₹820.88 Lakhs as of December 31, 2025.
Finance costs remained high at ₹59.81 Lakhs for the quarter, representing a significant portion of standalone expenses.
💼 Action for Investors
Investors should look past the standalone losses and focus on the consolidated performance, as the core business operations in subsidiaries are profitable. Monitor the company's ability to manage standalone debt and finance costs which continue to impact the bottom line.
S&S Power Targets 2x Revenue by FY28; Q2 FY26 New Orders Surge to ₹102.5 Crore
S&S Power Switchgears has announced a 3-year strategic roadmap (FY26-28) aiming for 20% CAGR revenue growth and 12-15% EBITDA margins. For Q2 FY26, the company reported a revenue increase to ₹61.07 crore and a strong order inflow of ₹102.53 crore, up from ₹82 crore YoY. While EBITDA turned negative at -₹1.97 crore due to product mix and one-time costs, the company maintains a positive EPS of 2.38 and a robust total order book exceeding ₹270 crore. Significant expansion is underway in the UK unit to increase capacity by 70% by 2027.
Key Highlights
Targeting 2x organic revenue growth and 12-15% EBITDA margins by FY2028 with a focus on becoming debt-free.
New orders grew 25% YoY to ₹102.53 crore in Q2 FY26, led by strong domestic and global demand.
Acrastyle UK unit capacity expansion approved to increase output by 30% in 2026 and 70% total by 2027.
Secured a major $3.5 million international order from Egypt Aluminium, marking entry into a select global technology club.
Q2 FY26 revenue rose to ₹61.07 crore from ₹55.38 crore YoY, though EBITDA was temporarily impacted by one-time effects.
💼 Action for Investors
Investors should monitor the company's progress in restoring EBITDA margins in Q3 as projected by management. The strong order book and capacity expansion plans suggest long-term growth potential, but the current volatility in operational profitability requires a cautious watch.