Nagpur Power & Industries Ltd (532362)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Nagpur Power's revenue was ₹17.1 Cr (+9.6% year on year, -47.2% on the previous quarter), and net profit ₹-0.2 Cr (against a profit a year earlier); the operating margin was -14.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹17.1 | +9.6% | -47.2% |
| Operating profit | ₹-2.5 | to loss | to loss |
| Net profit | ₹-0.2 | to loss | loss narrowed |
| EPS (₹) | -0.13 | to loss | loss narrowed |
| Operating margin | -14.8% | — | — |
📢 Recent Corporate Announcements
Nagpur Power & Industries reported a consolidated net loss of ₹0.16 Cr for Q1 FY27, compared to a profit of ₹0.39 Cr in the year-ago period. While consolidated revenue grew 9.6% YoY to ₹17.14 Cr, the company faced operational losses in its core Electrical and Electro Mechanical divisions. Standalone results were buoyed by 'Other Income' of ₹3.32 Cr (likely investment valuation gains), resulting in a standalone profit of ₹2.47 Cr. The company's transition toward high-tech R&D products through its subsidiary MMCPL remains loss-making at the EBIT level.
- Consolidated revenue increased 9.6% YoY to ₹17.14 Cr from ₹15.64 Cr.
- Consolidated net loss of ₹0.16 Cr against a profit of ₹0.39 Cr in the same quarter last year.
- Electrical Division reported a segment loss of ₹1.32 Cr on revenue of ₹10.95 Cr.
- Electro Mechanical Division revenue grew to ₹6.19 Cr from ₹4.28 Cr YoY, but remained loss-making at ₹0.75 Cr.
- Standalone 'Other Income' of ₹3.32 Cr drove a standalone PAT of ₹2.47 Cr, highlighting reliance on non-operational gains.
Nagpur Power & Industries reported a consolidated net loss of ₹0.16 Cr for Q1 FY27, a reversal from a profit of ₹0.39 Cr in Q1 FY26. Consolidated revenue from operations grew 9.6% YoY to ₹17.14 Cr, primarily driven by the Electrical and Electro Mechanical divisions. However, both core operating segments reported losses at the PBIT level, totaling ₹2.06 Cr. Standalone profitability (₹2.47 Cr) remains entirely dependent on 'Other Income' of ₹3.32 Cr, which typically reflects investment valuation changes rather than core operations.
- Consolidated revenue from operations increased to ₹17.14 Cr from ₹15.64 Cr in the year-ago quarter.
- Consolidated net loss stood at ₹0.16 Cr compared to a profit of ₹0.39 Cr in Q1 FY26.
- Electrical Division revenue contributed ₹10.95 Cr but recorded a segment loss of ₹1.32 Cr.
- Electro Mechanical Division revenue rose to ₹6.19 Cr from ₹4.28 Cr YoY, yet posted a loss of ₹0.75 Cr.
- Standalone 'Other Income' of ₹3.32 Cr was the sole driver of the standalone profit of ₹2.47 Cr.
Nagpur Power & Industries Ltd has scheduled a board meeting for August 13, 2026, to review and approve its unaudited financial results for the quarter ended June 30, 2026. The company is coming off a difficult FY26, where it reported a net loss of ₹2.14 crore compared to a profit of ₹2.75 crore in FY25. Investors will be monitoring if the company can stabilize its margins, which stood at a thin 3.4% on a TTM basis. The trading window for insiders has been closed since July 01, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Trading window for designated persons closed from July 01, 2026
- Company reported a net loss of ₹1.99 crore in the most recent quarter (March 2026)
- FY26 annual revenue stood at ₹84.12 crore with an operating margin of 3.38%
- Promoter holding remains stable at 61.23% as of June 2026
Financial Performance
Revenue Growth by Segment
Standalone revenue from operations remained NIL for FY 2024-25. However, the material subsidiary, The Motwane Manufacturing Company Private Limited (MMCPL), reported a 33.48% YoY revenue growth, increasing from INR 4,698.69 Lakhs in FY 2023-24 to INR 6,271.70 Lakhs in FY 2024-25. MMCPL operates in two segments: Electrical and Electro-Mechanical, with operational revenue specifically recorded at INR 6,217.54 Lakhs.
Geographic Revenue Split
Not disclosed in available documents, though the company notes that MMCPL products have applicability in both domestic and international markets.
Profitability Margins
The company's standalone Return on Net Worth (RoNW) improved significantly to 2.48% in FY 2024-25 from -0.06% in the previous year. This was primarily driven by unrealized gains on the fair valuation of current and non-current investments rather than operational income. MMCPL achieved a turnaround, posting a profit of INR 104.98 Lakhs compared to a loss of INR 58.02 Lakhs in the prior year.
EBITDA Margin
Not explicitly disclosed; however, MMCPL's net profit margin turned positive, reaching approximately 1.67% of total revenue (INR 104.98 Lakhs profit on INR 6,271.70 Lakhs revenue) from a negative margin in the previous year.
Credit Rating & Borrowing
The company's standalone current ratio decreased by 51.42%, falling from 95.89 in 2024 to 46.58 in 2025. This significant reduction was attributed to a new working capital loan taken during the current year to support operations or subsidiary requirements.
Operational Drivers
Raw Materials
Not specifically named; however, as an R&D-based manufacturer of Test & Measurement and Entrance Security products, the company likely relies on electronic components and electromechanical parts.
Strategic Growth
Expected Growth Rate
33.48%
Growth Strategy
The company is focusing on its majority stake in MMCPL, which is an R&D-based entity. Growth is driven by the development of high-technology Test & Measurement products, Entrance Security Control, and Digital Solutions. The strategy involves leveraging R&D to create products with high applicability in both domestic and international markets.
Products & Services
High technology Test & Measurement products, Entrance Security Control systems, and Digital Solutions.
Brand Portfolio
Motwane (through its subsidiary The Motwane Manufacturing Company Private Limited).
Market Expansion
The company is looking to develop its material subsidiary MMCPL to expand its reach in domestic and international markets.
External Factors
Industry Trends
The industry is shifting toward high-technology digital solutions and advanced test/measurement equipment. MMCPL is positioning itself as an R&D-led player to capture growth in the electrical and electro-mechanical segments, which saw a 33.48% revenue increase this year.
Competitive Moat
The company's moat is built on R&D-based product development in specialized niches like high-tech test equipment and entrance security. This technical expertise provides a competitive advantage in sectors requiring precision and security compliance.
Macro Economic Sensitivity
The company notes that changes in general economic conditions could cause actual results to differ materially from forward-looking statements.
Regulatory & Governance
Industry Regulations
The company complies with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Secretarial Standards issued by the ICSI are also followed.
Legal Contingencies
The Statutory and Secretarial Auditors reported no instances of fraud by officers or employees during the year under review. No specific pending court case values were disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the reliance on the fair valuation of investments for standalone profitability, which can be volatile. Operational risks are centered on the performance of the subsidiary MMCPL.
Technology Obsolescence Risk
As an R&D-based company, there is a continuous risk of technology obsolescence if the company fails to innovate in the Test & Measurement and Digital Solutions space.
