Abhishek Integrations Limited (AILIMITED)
H1 FY27 results
Abhishek Integrations Limited reported H1 FY27 results on 12 Oct 2026: revenue ₹15.5 Cr (+10.6% year on year, +8.2% on the previous half-year), and net profit ₹0.5 Cr (+61.5% year on year); the operating margin was 8.5%.
| H1 FY27 (₹ Cr) | Value | YoY vs H1 FY26 | vs prev. half |
|---|---|---|---|
| Revenue | ₹15.5 | +10.6% | +8.2% |
| Operating profit | ₹1.3 | +37.6% | +2.1% |
| Net profit | ₹0.5 | +61.5% | +11.0% |
| EPS (₹) | 1.42 | — | — |
| Operating margin | 8.5% | — | — |
No EPS growth against H2 FY26 and H1 FY26: 1:1 bonus in Aug 2026.
- Profit +77% above its own trend
- Operating margin expanded 166 bps YoY
Quality of profit: of pre-tax profit of ₹0.7 Cr, ₹0.7 Cr (96%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved +73.2% year on year.
Against its own trend: net profit of ₹0.5 Cr was +76.8% against the ₹0.3 Cr its recent growth pointed to (above trend). This is a statistical baseline, not an analyst estimate.
Share price since the results: -0.4% (close before the filing to the latest close).
📢 Recent Corporate Announcements
Abhishek Integrations Limited has submitted a non-applicability certificate regarding the SEBI Corporate Governance Report for the quarter ended September 30, 2026. Under Regulation 15(2)(b) of SEBI LODR, companies listed on the SME exchange are exempt from Regulation 27(2) compliance. A Practicing Company Secretary certificate confirmed the company's paid-up capital stood at Rs 602.16 lakhs and net worth was Rs 1,106.31 lakhs as of March 31, 2026, both below the regulatory thresholds of Rs 10 crore and Rs 25 crore respectively.
- Regulation 27(2) corporate governance reporting declared non-applicable for Q2 FY27 due to SME platform listing status
- Paid-up share capital certified at Rs 602.16 lakhs (60,21,570 equity shares of Rs 10 each) as of March 31, 2026
- Audited net worth certified at Rs 1,106.31 lakhs as of March 31, 2026, remaining well below the Rs 25 crore threshold
- Prior year net worth stood at Rs 1,026.07 lakhs (March 31, 2025) and Rs 923.51 lakhs (March 31, 2024)
Abhishek Integrations Limited has received a work contract worth Rs 40,65,887 (approximately Rs 0.41 crore) from the Airports Authority of India. The contract is for the 'Supply of GLF spares at Surat Int'l Airport, Surat for the year 2026-27' to be executed over a period of 12 months. Against the company's TTM revenue of Rs 55 crore, this order represents less than 1% (approx 0.74%), making its financial impact incremental. The transaction is domestic and does not fall under related-party transactions.
- Order value of Rs. 40,65,887.00 awarded by Airports Authority of India
- Scope involves supply of GLF spares at Surat Int'l Airport for the year 2026-27
- Execution timeline set for 12 (Twelve) Months
- Domestic contract with zero promoter or related-party interest
Abhishek Integrations Limited has received a domestic work contract worth ₹3,14,91,016 from the Airports Authority of India. The project entails operation, preventive, and breakdown maintenance (RMO) of E&M installations at NSCBI Airport, Kolkata. The execution period is set for 24 months. Relative to the company's TTM revenue of ₹55 Cr, this contract represents approximately 5.7%, adding recurring service revenue visibility.
- Received order valued at ₹3,14,91,016.00 from the Airports Authority of India
- Execution timeline spans 24 months across 2026-28
- Scope covers RMO of E&M installations, pump motors, and filtration media at NSCBI Airport, Kolkata
- Transaction is not a related party transaction and promoter group has no interest
Abhishek Integrations Limited has emerged as the lowest bidder (L1) for an electrical works contract from the Airports Authority of India (AAI). The contract entails providing and fixing earth pits and allied electrical works at Chh. Sambhaji Nagar Airport with a broad consideration of Rs 91.92 lakh (inclusive of GST). The execution period is set for 6 months. Relative to the company's TTM revenue of Rs 55 crore, this order represents approximately 1.7% of annual revenue.
- Ranked L1 bidder for AAI contract worth Rs 91.92 Lakh (inclusive of GST)
- Execution timeline specified as 6 months from award
- Project involves earth pit fixing and allied electrical works at Chh. Sambhaji Nagar Airport
- Awarding client is Airports Authority of India (domestic government entity)
Abhishek Integrations Limited reported its half-yearly financial results for the period ended September 30, 2026. Infrastructural & Utility Services generated segment revenue of Rs 1,320.49 lakhs, while Manufacturing & Trading in Electrical Goods contributed Rs 62.67 lakhs. Total shareholders' funds stood at Rs 1,333.68 lakhs as of September 30, 2026, compared to Rs 1,106.32 lakhs as of March 31, 2026. The Board also approved the appointment of M/s. Chaudhari & Chaudhary, Chartered Accountants, as Internal Auditor for FY 2026-27.
- Infrastructural & Utility Services segment revenue reported at Rs 1,320.49 lakhs for H1 ended Sep 30, 2026
- Manufacturing & Trading in Electrical Goods segment revenue stood at Rs 62.67 lakhs
- Shareholders' funds increased to Rs 1,333.68 lakhs as of September 30, 2026, from Rs 1,106.32 lakhs as of March 31, 2026
- Cash and cash equivalents ended at Rs 11.56 lakhs as of September 30, 2026, down from Rs 44.39 lakhs in the previous period
- M/s. Chaudhari & Chaudhary appointed as Internal Auditor for FY 2026-27 effective April 1, 2026
Abhishek Integrations Limited reported its half-yearly financial results for the period ended September 30, 2026. Infrastructural & Utility Services generated segment revenue of Rs 1,320.49 lakhs, while Manufacturing & Trading in Electrical Goods contributed Rs 62.67 lakhs. Total shareholders' funds stood at Rs 1,333.68 lakhs as of September 30, 2026, compared to Rs 1,106.32 lakhs as of March 31, 2026. The Board also approved the appointment of M/s. Chaudhari & Chaudhary, Chartered Accountants, as Internal Auditor for FY 2026-27.
- Infrastructural & Utility Services segment revenue reported at Rs 1,320.49 lakhs for H1 ended Sep 30, 2026
- Manufacturing & Trading in Electrical Goods segment revenue stood at Rs 62.67 lakhs
- Shareholders' funds increased to Rs 1,333.68 lakhs as of September 30, 2026, from Rs 1,106.32 lakhs as of March 31, 2026
- Cash and cash equivalents ended at Rs 11.56 lakhs as of September 30, 2026, down from Rs 44.39 lakhs in the previous period
- M/s. Chaudhari & Chaudhary appointed as Internal Auditor for FY 2026-27 effective April 1, 2026
Abhishek Integrations Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended September 30, 2026, and was received from its Registrar and Share Transfer Agent, Accurate Securities & Registry Private Limited. This is a regular procedural filing confirming that share certificates received for dematerialization were processed and confirmed to the depositories. There is no financial or operational impact on the company.
- Submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent M/s. Accurate Securities & Registry Private Limited
- Filed with the National Stock Exchange of India Ltd. on October 07, 2026
Abhishek Integrations Limited has received a Letter of Intent (LOI) from the Airports Authority of India for electrical and mechanical (E&M) maintenance work at NSCBI Airport, Kolkata. The contract is valued at Rs. 3,14,91,016 (approximately ₹3.15 crore) and has an execution period of 24 months. Relative to the company's TTM revenue of ₹55 crore, this order represents about 5.7% (or ~2.9% annualized). The win reinforces the company's operational presence in airport infrastructure maintenance.
- Received Letter of Intent (LOI) for ₹3,14,91,016 (Rs. 3.15 Cr) from Airports Authority of India
- Scope covers operation and breakdown maintenance of E&M installations at NSCBI Airport, Kolkata
- Contract duration is fixed for 24 months (during 2026-28)
- Non-related party domestic transaction awarded via government tender
Abhishek Integrations Limited has secured a domestic work contract worth ₹62,91,176 from the Airports Authority of India (AAI). The contract entails the Annual Maintenance Contract (AMC) for fire fighting and fire alarm systems at Chh. Sambhaji Nagar Airport. The execution timeline is spread over 24 months across FY2026-27 and FY2027-28. Relative to the company's TTM revenue of ₹55 crore, this order represents approximately 1.1%, indicating modest financial materiality.
- Order value of ₹62,91,176 awarded by Airports Authority of India
- Scope covers AMC of Fire Fighting and Fire Alarm Systems at Chh. Sambhaji Nagar Airport
- Execution timeline set for 24 months across 2026-27 and 2027-28
- Order value constitutes ~1.1% of TTM revenue of ₹55 crore
Abhishek Integrations Limited has received a Letter of Intent (LOI) from the Airports Authority of India (AAI) for the supply of GLF spares at Surat International Airport for the year 2026-27. The broad consideration of the order is Rs. 40,65,887.00 (approx. ₹0.41 crore), with an execution timeframe of 12 months. Relative to the company's TTM revenue of ₹55 crore, this contract is small at around 0.74% of revenue, representing routine operational business.
- Received Letter of Intent (LOI) valued at Rs. 40,65,887.00
- Awarded by Airports Authority of India for Surat International Airport
- Scope involves supply of GLF spares for the year 2026-27
- Execution timeline set at 12 (Twelve) Months
Abhishek Integrations Limited has received a Letter of Intent (LOI) from the Airports Authority of India (AAI) for the supply of GLF spares at Surat International Airport for the year 2026-27. The broad consideration of the order is Rs. 40,65,887.00 (approx. ₹0.41 crore), with an execution timeframe of 12 months. Relative to the company's TTM revenue of ₹55 crore, this contract is small at around 0.74% of revenue, representing routine operational business.
- Received Letter of Intent (LOI) valued at Rs. 40,65,887.00
- Awarded by Airports Authority of India for Surat International Airport
- Scope involves supply of GLF spares for the year 2026-27
- Execution timeline set at 12 (Twelve) Months
Abhishek Integrations Limited has entered into a 9-year lease agreement for a property located in Vedanta Industrial Park-6, Changodar, Ahmedabad. The facility will be utilized to set up and carry out manufacturing operations for LED lighting products. While financial outlays such as rental costs and planned capex were not disclosed, this expansion supports the company's focus on LED retrofitting and energy-efficiency contracts.
- Entered into a lease agreement for a tenure of 9 (Nine) Years
- Leased premises located at Vedanta Industrial Park-6, Changodar, Ahmedabad - 382213
- Facility dedicated to manufacturing operations relating to LED lighting products
- Capital expenditure and capacity metrics are not disclosed in the filing
Abhishek Integrations Limited approved the allotment of 63,38,070 equity shares of Rs 10 each as bonus shares on August 25, 2026. The bonus shares were issued in a 1:1 ratio to shareholders on record as of August 24, 2026. Consequently, the company's paid-up equity share capital doubled from Rs 6.34 crore to Rs 12.68 crore (1.27 crore total shares). The bonus shares are scheduled to commence trading on August 26, 2026.
- Allotted 63,38,070 bonus equity shares of face value Rs 10 each in a 1:1 ratio
- Paid-up share capital increased from Rs 6,33,80,700 to Rs 12,67,61,400
- Record date was August 24, 2026; allotment approved on August 25, 2026
- Bonus shares will be available for trading from Wednesday, August 26, 2026
Abhishek Integrations Limited has approved the allotment of 63,38,070 equity shares of face value Rs 10 each as fully paid-up bonus shares on August 25, 2026. The 1:1 bonus issue was allotted to eligible shareholders as of the record date of August 24, 2026. As a result, the company's paid-up equity share capital doubled from Rs 6.34 crore to Rs 12.68 crore. The new bonus shares are scheduled to be available for trading on the exchanges on August 26, 2026.
- Allotment of 63,38,070 bonus equity shares of face value Rs 10 each approved in a 1:1 ratio
- Paid-up share capital increased from Rs 6,33,80,700 (63.38 lakh shares) to Rs 12,67,61,400 (1.27 crore shares)
- Record date for bonus entitlement was August 24, 2026
- Bonus shares will be available for trading on BSE and NSE from August 26, 2026
Abhishek Integrations Limited has emerged as the lowest bidder (L1) for a maintenance contract from the Airports Authority of India (AAI) valued at Rs 3.15 Cr. The project entails the operation and preventive/breakdown maintenance of electrical and mechanical installations at NSCBI Airport, Kolkata. The execution timeline is 24 months, implying an annualized revenue addition of approximately Rs 1.57 Cr. The total order value represents approximately 5.7% of the company's TTM revenue of Rs 55 Cr.
- Declared L1 bidder for an Airports Authority of India contract worth Rs 3,14,81,016.00
- Execution period scheduled over 24 (Twenty-Four) Months (2026-28)
- Scope covers RMO of E&M installations and iron removal/pump motor plants at NSCBI Airport, Kolkata
- Order size represents ~5.7% of TTM revenue (Rs 55 Cr)
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. However, the company secured new work orders totaling INR 282.78 lakhs in Q3 FY26, including a substation O&M contract worth INR 206.13 lakhs and an airport lighting project worth INR 76.65 lakhs.
Geographic Revenue Split
100% of identified new project revenue is domestic (India), split between Vishakhapatnam, Andhra Pradesh (73% of new orders) and Aurangabad, Maharashtra (27% of new orders).
Operational Drivers
Raw Materials
LED light fittings (representing a significant portion of the INR 76.65 lakhs Aurangabad project) and electrical components for 132kV/11kV substation maintenance.
Strategic Growth
Growth Strategy
The company is focusing on the Operation and Maintenance (O&M) segment for critical infrastructure, such as BARCF substations, and energy-efficiency retrofitting (LED replacement) at airports to secure recurring service-based revenue.
Products & Services
Annual Operation and Maintenance (O&M) for 132kV/11kV substations, LT systems maintenance, and LED light fitting installation/replacement services.
Brand Portfolio
Abhishek Integrations Limited (AIL).
New Products/Services
Energy-efficient LED lighting solutions for aviation infrastructure, contributing INR 76.65 lakhs in the current period.
Market Expansion
Expansion into specialized government facilities (BARCF) and aviation infrastructure (Aurangabad Airport) within the Indian market.
External Factors
Industry Trends
The industry is shifting toward energy-efficient lighting (LED) and outsourcing the O&M of high-voltage electrical infrastructure to specialized private players to ensure 24/7 operational reliability.
Competitive Landscape
The company competes in the SME segment for government tenders, where selection is primarily based on L1 (lowest cost) criteria among technically qualified bidders.
Competitive Moat
Technical qualification to handle high-voltage (132kV) substations at sensitive facilities like BARCF provides a service-based moat due to high entry barriers for uncertified contractors.
Macro Economic Sensitivity
Sensitivity to government infrastructure spending and energy efficiency mandates (LED adoption) which drive O&M and retrofitting contracts.
Consumer Behavior
Not applicable as the company serves B2B and B2G (Government) segments.
Regulatory & Governance
Industry Regulations
Compliance with electrical safety standards for 132kV/11kV systems and aviation-specific lighting standards at airports.
Taxation Policy Impact
Contracts are inclusive of GST; changes in GST slabs for electrical services would directly affect project profitability.
Risk Analysis
Key Uncertainties
Execution risk in high-security zones (BARCF) and potential delays in government payment cycles for the INR 282.78 lakhs in new orders.
Geographic Concentration Risk
Revenue is concentrated in specific project sites in Gujarat (Headquarters), Andhra Pradesh, and Maharashtra.
Third Party Dependencies
Heavy reliance on government tender awards and the National Stock Exchange (NSE) Emerge platform for regulatory compliance exemptions.
Technology Obsolescence Risk
Risk of LED technology evolving rapidly, requiring constant updates to procurement specifications for airport projects.
Credit & Counterparty Risk
Counterparty risk is low as primary clients are government-linked entities (BARCF, Airport authorities), though payment timelines may be extended.
