Powerica Limited Reports Highest Ever Revenue in FY26, Driven by Generator and Wind Power Segments

Powerica Limited Reports Highest Ever Revenue in FY26, Driven by Generator and Wind Power Segments​

Powerica Limited, an integrated power solutions provider, announced its audited financial results for the quarter and year ended March 31, 2026. The company, which specializes in diesel generator sets (DG sets) and operates in the Wind Power sector as an Independent Power Producer (IPP) and EPC contractor, reported strong growth across its primary segments.

The financial results for the fourth quarter of FY26 and the full fiscal year 2026 highlight significant year-over-year performance increases across key operational metrics.

Consolidated Financial Performance Overview​

The company's consolidated financial performance over the fiscal year and the fourth quarter can be summarized as follows:

Operational and Segmental Growth​

In the Generator Set Segment, revenue contribution stood at 83.1% in FY26, up from 85.0% in FY25. Within this segment, DG sets powered by Cummins Engines contributed 65.5% in FY26, compared to 70.4% in FY25. MSLG offerings, in association with Hyundai, grew their contribution to 5.1% from 1.7% the previous year. The Allied Business contributed 12.5% of revenue in FY26, slightly down from 12.9% in FY25.

The Wind Power Segment also showed growth, contributing 16.9% of total revenues in FY26, up from 15.0% in FY25. The IPP Business's contribution was 6.7% in FY26 (up from 7.6% in FY25), while the EPC and O&M for Balance of Plant (BoP) business contributed 10.1% in FY26 (up from 7.4% in FY25).

Analyzing the EBITDA margin by segment over the fiscal years shows the following trends:

Management Commentary​

Bharat Oberoi, Chairman and Managing Director, stated that Powerica Limited reported its highest ever annual performance in FY26, with revenues crossing the INR 3,000 crore mark for the first time.

For FY26, total revenue reached INR 3,011.52 crore, marking a 13.5% year-over-year growth. The company reported an EBITDA margin of 12.8% and a PAT margin of 9.2%. He attributed this performance to steady execution and healthy demand across its businesses.

Oberoi noted that the Generator Set business accounted for 83.1% of total revenues, growing 10.9% year-over-year, while achieving an EBITDA margin of 9.1%. Meanwhile, the Wind Power segment contributed 16.9% of total revenues in FY26, registering a growth of 28.6% year-over-year and posting an EBITDA margin of 31.3%.

For the fourth quarter of FY26, revenue grew by 10.9% year-over-year to INR 801.15 crore, with EBITDA and PAT margins of 10.8% and 5.6%, respectively.

While Oberoi acknowledged that geopolitical uncertainties, rising energy prices, and supply chain pressures may weigh on nearterm demand, particularly starting Q1FY27, he expressed confidence in the company's long-term prospects. He stated that the diversified business portfolio, coupled with structural megatrends like increasing electrification, renewable integration, EV ecosystem expansion, and data center investments, position the company for continued growth, with a target of double-digit topline growth in FY27.

POWERICA Stock Price Movement​

On Wednesday, Powerica Limited shares slipped by 0.90% to settle at ₹571.5. Despite the decline, the stock previously hit a 52-week high of ₹586.3, trading on a volume of 251,135 shares.