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Latest filing: 2026-08-24 15:16
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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13 announcements match the current filters (relevance ≥ 5).
Wins ₹8-10 Cr Order from Hitachi Energy India for Isolator Supply
S&S Power Switchgears Limited's wholly owned subsidiary, S&S Power Switchgear Equipment Limited, has secured a purchase order valued at over ₹8-10 crore from Hitachi Energy India Ltd. The contract involves the supply of isolators for the Dilip Buildcon package Karnataka project. Deliveries are scheduled to commence at the end of the current financial year with execution planned between March 2027 and June 2027. The order represents approximately 3.0% to 3.6% of the company's TTM revenue of ₹276 crore.
Confidence: HIGH
What changedWholly owned subsidiary SSPSE bagged a ₹8-10 crore purchase order from Hitachi Energy India for isolator supply in Karnataka.
Why it mattersReinforces the company's relationship with major tier-1 OEM Hitachi Energy and supports medium-term order book visibility, adding ~3-3.6% to annual revenue base.
Order value: more than ₹8-10 CroresOrder vs TTM revenue: ~3.3%Execution window: Mar’27 – Jun’27
📅 Short termSentiment positive on contract intake from a reputed client, though financial impact begins only towards late FY27.
📈 Long termValidates market standing in protection and switchgear equipment; consistent order additions from tier-1 players are critical to achieve targeted 20% CAGR.
⚠ Risk flags
- Execution delay risk given timeline is set for Mar'27–Jun'27
- Raw material cost fluctuations impacting fixed-price switchgear margins
Key Highlights
Order value is stated at more than ₹8-10 crore
Awarded by domestic entity Hitachi Energy India Limited for the Dilip Buildcon package Karnataka project
Execution timeline slated between Mar'27 and Jun'27, with deliveries starting end of FY27
Secured via wholly owned subsidiary S&S Power Switchgear Equipment Limited (SSPSE)
👀 What to Watch
Track execution milestones and revenue recognition across Q4 FY27 and Q1 FY28, along with operating margin trajectory on switchgear equipment orders.
S&S Power Unit Wins Largest-Ever ₹50+ Cr Order from Vedanta Aluminium
S&S Power Switchgear's wholly owned subsidiary, Hamilton Research & Technology Private Limited (HART), has received a landmark purchase order exceeding ₹50 crore from Vedanta Aluminium Metal Limited. The order covers the supply of Pot Control Systems along with installation and commissioning services. This represents the single largest contract in the company's history, accounting for approximately 18.1% of its TTM revenue of ₹276 crore. Execution will occur partly in the current financial year and the rest in the next financial year.
Confidence: HIGH
What changedWholly owned subsidiary HART bagged a record ₹50+ crore order from Vedanta Aluminium Metal Limited for Pot Control Systems.
Why it mattersProvides substantial revenue visibility (~18% of TTM top line) and reinforces the group's specialized industrial engineering capabilities.
Order value: more than ₹ 50 CroresOrder vs TTM revenue: ~18.1%Client: Vedanta Aluminium Metal LimitedExecution timeline: Partly in current financial year and balance in coming financial year
📅 Short termPositive trigger for the stock given the milestone contract size and enhanced order book visibility.
📈 Long termSupports management's medium-term strategy of technology-driven organic growth and strengthens industrial client credentials.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution and cost overrun risks during installation and commissioning
- Client concentration during the execution period
Key Highlights
Order value exceeds ₹50 crore, marking the single largest contract ever received by the company
Awarded to wholly owned subsidiary Hamilton Research & Technology Private Limited (HART) by Vedanta Aluminium Metal Limited
Order size represents ~18.1% of TTM revenue (₹276 crore)
Execution timeline spans partly across current financial year and balance in the upcoming financial year
👀 What to Watch
Track execution progress and operating margin impact in the upcoming quarterly results to verify profitable delivery of the installation and commissioning scope.
S&S Power Posts Q1 FY27 Revenue of ₹71.65 Cr, Outlines 3-Year Growth Targets
S&S Power Switchgear released its updated Investor Presentation outlining Q1 FY27 performance and progress on its 3-year strategic roadmap (FY26–FY28). Q1 FY27 revenue grew 18.6% YoY to ₹71.65 Cr (₹7,165 Lakhs), while EBITDA declined to ₹2.20 Cr (₹220 Lakhs) and EPS dropped to ₹(0.21) due to automation business execution delays and deferred tax asset reversals. New order inflows stood at ₹37.59 Cr for the quarter compared to ₹87.20 Cr in Q1 FY26. The group reiterated its FY28 goals to double organic revenues from FY25 levels, expand EBITDA margins to 12–15%, and become debt-free by March 2028.
Confidence: HIGH
What changedThe company published its Q1 FY27 operational snapshot alongside updated execution milestones for its FY26–FY28 three-year strategic roadmap.
Why it mattersWhile top-line growth remains steady at ~18% YoY, margin compression and lower order inflows in Q1 highlight the need to monitor operational recovery across subsidiaries (SSPSE, Acrastyle, HART).
Q1 FY27 Revenue: ₹71.65 Cr (7,165 Lakhs)Q1 FY27 EBITDA: ₹2.20 Cr (220 Lakhs)Q1 FY27 Order Inflow: ₹37.59 Cr (3,759 Lakhs)FY28 Target EBITDA Margin: 12 - 15%R&D Spend Target (% of revenue): 1.0 - 1.25%
📅 Short termPerformance may see modest market reaction as strong top-line growth is offset by lower quarterly profitability and lower order inflows compared to Q1 FY26.
📈 Long termStructural transformation hinges on scaling international markets, operationalizing recent capacity expansions, and achieving targeted 12-15% EBITDA margins by FY28.
⚠ Risk flags
- Execution delays in automation business impacting EBITDA margins
- Sharp drop in quarterly order inflows YoY (₹37.59 Cr vs ₹87.20 Cr)
- Execution risk across international contracts and overseas subsidiaries
Key Highlights
Q1 FY27 revenue increased 18.6% YoY to ₹7,165 Lakhs (₹71.65 Cr) compared to ₹6,041 Lakhs in Q1 FY26
EBITDA for Q1 FY27 declined to ₹220 Lakhs vs ₹410 Lakhs in Q1 FY26, with EPS at ₹(0.21) vs ₹1.43 YoY
Q1 FY27 new order bookings stood at ₹3,759 Lakhs against ₹8,720 Lakhs in the prior-year period
Phase-I capacity expansion at Acrastyle completed and operational as of July 2026
Targeting organic revenue doubling from FY25 baseline, 12-15% EBITDA margins, and net debt-free status by FY28
👀 What to Watch
Track execution recovery in subsequent quarters, particularly the commencement of HART's Egypt project execution scheduled for September 2026 and margin rebound towards the 12-15% EBITDA target.
S&S Power Switchgear Appoints Srikant Sharma as CFO Following Resignation of C N Sathyanarayanan
S&S Power Switchgear announced the resignation of Chief Financial Officer C N Sathyanarayanan effective 14th August 2026 due to personal commitments. In his place, the Board has appointed Srikant Sharma as the new CFO effective 14th August 2026. Mr. Sharma brings 17 years of experience in accounting and corporate finance, having previously held senior roles across Reliance Brands, Coffee Day Global, and Tata Capital. Concurrently, the Board approved Q1 FY27 financial results and scheduled the 48th Annual General Meeting for 28th September 2026.
Confidence: HIGH
What changedResignation of outgoing CFO C N Sathyanarayanan and immediate appointment of Srikant Sharma as the new Chief Financial Officer.
Why it mattersThe CFO transition is critical as the company focuses on margin improvement, tight working capital control, and strategic growth initiatives.
Effective Date of CFO Change: 14th August 2026New CFO Experience: 17 years48th AGM Date: 28th September 2026
📅 Short termSmooth handover is expected as the appointment was approved simultaneously with the resignation, posing minimal operational disruption.
📈 Long termLimited operational disruption; the new CFO's background in corporate finance and strategy may support financial discipline and export expansion plans.
⚠ Risk flags
- Frequent leadership transitions in key managerial positions
- Execution of project management and working capital rigor during transition
Key Highlights
C N Sathyanarayanan resigned as Chief Financial Officer with effect from close of business on 14th August 2026.
Srikant Sharma appointed as new CFO effective 14th August 2026 until superannuation.
Incoming CFO Srikant Sharma brings 17 years of experience with qualifications including ACA, CFA, and MBA.
The 48th Annual General Meeting is scheduled for Monday, 28th September 2026 at 03:00 PM via video conferencing.
👀 What to Watch
Track the seamless transition in financial leadership and monitor upcoming quarterly performance and margin execution under the new finance leadership.
S&S Power Q1 Standalone PBT Rises to ₹50.25 Lakh; Appoints Srikant Sharma as CFO
S&S Power Switchgear reported standalone Profit Before Tax of ₹50.25 lakh for the quarter ended June 30, 2026, improving from a loss of ₹17.39 lakh in Q1 FY26 and profit of ₹17.07 lakh in Q4 FY26. Total comprehensive income for the quarter stood at ₹46.66 lakh compared to a loss of ₹170.20 lakh in the previous year quarter. Additionally, the company announced a Key Managerial Personnel change with the resignation of Group CFO C N Sathyanarayanan and the appointment of Srikant Sharma as Chief Financial Officer effective August 14, 2026. The 48th Annual General Meeting is scheduled for September 28, 2026.
Confidence: HIGH
What changedApproved Q1 FY27 unaudited financial results and replaced Group CFO C N Sathyanarayanan with Srikant Sharma.
Why it mattersDemonstrates operational turnaround at the standalone level with positive PBT, while bringing in leadership with 17 years of finance experience to oversee financial controls and strategic expansion.
Standalone Profit Before Tax (Q1): ₹50.25 LakhsStandalone Total Comprehensive Income (Q1): ₹46.66 LakhsESOP Amortization Charge (Q1): ₹85.00 LakhsAGM Date: 28th September, 2026
📅 Short termTurnaround in standalone profitability from losses a year ago is supportive of sentiment, alongside the swift management transition.
📈 Long termSustained profitability and margin improvement will depend on consolidated performance across core switchgear and international operations (Acrastyle), as well as executing the technology acquisition roadmap.
⚠ Risk flags
- Consolidated detailed revenue breakdowns pending full quarterly pack review
- Senior management transition risks at the CFO level
Key Highlights
Standalone Profit Before Tax stood at ₹50.25 lakh in Q1 June 2026 versus a loss of ₹17.39 lakh in Q1 June 2025
Standalone Total Comprehensive Income reached ₹46.66 lakh compared to a loss of ₹170.20 lakh in Q1 June 2025
Quarterly ESOP amortization charge included in expenses was ₹85.00 lakh versus ₹82.00 lakh in Q1 June 2025
Appointed Srikant Sharma (CA, CFA, MBA with 17 years experience) as new Chief Financial Officer effective August 14, 2026
48th Annual General Meeting convened for September 28, 2026
👀 What to Watch
Track consolidated revenue and margin execution against the company's stated 20% CAGR growth target and monitor full segment disclosures in the upcoming 48th AGM proceedings on September 28, 2026.
₹8 Cr+ Order Win from Siemens Energy India for Maharashtra Project
S&S Power Switchgears' subsidiary, SSPSE, has secured a purchase order exceeding ₹8 Crores from Siemens Energy India Ltd. The contract involves the supply of isolators for the KCC Wagdari package project in Maharashtra. While the order value represents approximately 3% of the company's TTM revenue of ₹264 Cr, it is significant relative to its TTM PAT of ₹10 Cr. Execution is scheduled for the next financial year (FY 2027-28).
Confidence: HIGH
What changedS&S Power has secured a new domestic supply contract, reinforcing its partnership with Siemens Energy.
Why it mattersThe order provides revenue visibility for the next financial year and validates the company's standing with major global energy players, though the absolute value is small relative to total turnover.
Order value: > ₹8 CroresOrder vs TTM revenue: ~3.03%TTM Revenue: ₹264 CrTTM PAT: ₹10 CrOperating Profit Margin: 3.7%
📅 Short termThe news is likely to be viewed positively by the market as a steady business development, though the small scale relative to revenue may limit immediate stock price impact.
📈 Long termLimited; while it supports the company's 20% CAGR growth strategy, significantly larger or more frequent orders are needed to structurally re-rate the business.
⚠ Risk flags
- Low operating margins (3.7%) may limit the actual profit contribution from this order
- Execution is deferred to the next financial year
Key Highlights
Order value confirmed at more than ₹8 Crores
Contract awarded by Siemens Energy India Ltd for a domestic project in Maharashtra
Execution and delivery scheduled for the next financial year (FY 2027-28)
Order represents approximately 80% of the company's TTM Net Profit of ₹10 Cr
👀 What to Watch
Investors should monitor the company's operating margins, which stood at a thin 3.7% TTM, to see if such Tier-1 client orders improve profitability. Watch for execution updates starting in the next financial year.
S&S Power Reports 43% Revenue Growth in FY26; EPS Turns Positive at ₹8.19
S&S Power Switchgears reported a strong FY26 performance with revenue growing 43% YoY to ₹266.8 Lakhs and EPS turning positive at ₹8.19. The company has outlined a 3-year strategic plan (FY26-28) aiming to double its FY25 organic revenue and achieve EBIDA margins of 12-15% by FY28. Key operational milestones include the commercialization of 765kV disconnectors and completing Phase-I capacity expansion. The group is focusing on global expansion in the UK, Middle East, and Africa while aiming to become debt-free by March 2028.
Key Highlights
Annual revenue grew by 43% YoY to ₹266.8 Lakhs in FY26 compared to ₹187.4 Lakhs in FY25.
Company achieved a turnaround in profitability with EPS rising to ₹8.19 in FY26 from a loss of ₹3.07 in FY25.
EBIDA increased significantly to ₹12.9 Lakhs in FY26 from ₹5.0 Lakhs in the previous year.
Strategic target set to double FY25 revenue by FY28 with an aspirational EBIDA margin of 12-15%.
Order backlog reached an all-time high as of April 2026, supported by new international orders from Egypt.
👀 What to Watch
Investors should monitor the company's ability to scale its small revenue base and execute the 765kV product commercialization. The turnaround to profitability and the debt-free target by 2028 are key metrics to track for long-term value.
S&S Power Switchgears FY26 Net Profit Surges 454% to ₹10.33 Cr; Appoints Martin Ansell to Board
S&S Power Switchgears reported a stellar performance for FY26, with consolidated revenue growing 44% to ₹151.42 crore. The consolidated net profit witnessed a massive jump of 454%, rising from ₹1.86 crore in FY25 to ₹10.33 crore in FY26. The company also strengthened its board by appointing Mr. Martin Ansell, an energy sector veteran with over 40 years of experience, as an Independent Director for a five-year term. The auditors have provided an unmodified opinion on the financial statements, indicating healthy reporting standards.
Key Highlights
Consolidated Net Profit jumped 454% YoY to ₹1,032.53 lakhs in FY26 compared to ₹186.23 lakhs in FY25
Total Consolidated Revenue from operations increased 44% to ₹15,142.14 lakhs from ₹10,483.95 lakhs
Earnings Per Share (EPS) significantly improved to ₹13.06 from ₹2.40 in the previous year
Appointment of Mr. Martin Ansell as Independent Director brings 40+ years of international energy sector experience
Statutory auditors issued an unmodified opinion for both standalone and consolidated results for the year ended March 31, 2026
👀 What to Watch
The strong turnaround in profitability and substantial revenue growth suggests positive business momentum; investors should monitor the sustainability of these margins in future quarters. The addition of an experienced international director may signal a strategic focus on global expansion or governance improvements.
S&S Power Switchgear Approves FY26 Audited Results; Appoints Martin Ansell to Board
S&S Power Switchgear Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The statutory auditors, CNK & Associates LLP, issued an unmodified opinion, indicating no major discrepancies in the financial reporting. Furthermore, the company has strengthened its board by appointing Mr. Martin Ansell, a veteran with over 40 years of energy sector experience, as an Independent Director for a five-year term. This move is aimed at enhancing strategic governance and leveraging international leadership expertise.
Key Highlights
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors issued an unmodified opinion on the financial results, confirming reporting integrity.
Appointed Mr. Martin Ansell as Additional Director (Non-Executive Independent) for a 5-year term.
Mr. Martin Ansell brings over 40 years of international leadership experience in the energy sector and Fortune 500 companies.
👀 What to Watch
Investors should examine the detailed financial tables once released to assess the company's operational performance and margin trends. The appointment of a seasoned industry expert to the board is a positive governance signal for long-term strategy.
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
