Mumbai: Powerica Limited reported a 15.5 per cent year-on-year decline in consolidated net profit to ₹70.92 crore for the second quarter ended September 30, 2026, compared with ₹83.96 crore in the corresponding period last year. The power solutions company recorded consolidated revenue from operations of ₹847.60 crore during the July-September quarter.
Profit Performance
Powerica's quarterly profit declined by ₹13.04 crore compared with Q2 FY26. The company reported a net profit margin of approximately 8.37 per cent, based on consolidated revenue from operations.
Half-Year Results
For the six months ended September 2026, Powerica recorded consolidated revenue of ₹1,627.71 crore. Net profit for the first half of FY27 stood at ₹135.35 crore, reflecting the company's cumulative earnings during the period.
Windstride Stake
Powerica announced the sale of 1,22,500 equity shares in Windstride Power Private Limited to GE Renewable R&D India Private Limited. The shares represent 49 per cent of Windstride's paid-up equity capital. The transaction carries a total consideration of ₹2.12 crore.
Subsidiary Status
Following the transaction, Windstride Power will cease to be Powerica's wholly owned subsidiary. However, Powerica will retain a controlling 51 per cent equity stake, allowing Windstride to remain its subsidiary.
IPO Proceeds
Powerica also disclosed progress in deploying funds raised through its initial public offering. Of the ₹661.51 crore net IPO proceeds, the company utilised ₹525 crore towards prepayment or repayment of certain borrowings by September 30, 2026. Additionally, ₹29.30 crore was spent on general corporate purposes against an allocation of ₹136.51 crore.
Business Outlook
Investors will monitor Powerica's profitability, debt reduction and developments involving Windstride Power. The company's capital allocation and operating performance will remain important indicators in subsequent quarters.
Disclaimer: This report is based on company exchange filings and is for informational purposes only. Investors should independently assess risks before investing.
Level up your brain the fun way. Play daily games and quizzes on FPJ Smart!
