S&S Power Group Reports Q1 FY27 Highlights; Outlines Ambitious 3-Year Strategic Plan through 2028

S&S Power Group Reports Q1 FY27 Highlights; Outlines Ambitious 3-Year Strategic Plan through 2028​

S&S Power Switchgears Limited has outlined its strategic direction for the fiscal years 2026 through 2028, presenting a detailed investor presentation that highlights its global operations and performance update for Q1 FY27. The company is positioning itself as a boutique Indian MNC in Power and Automation with strong international presence.

S&S Power Group boasts over six decades of history, operating through three fully owned subsidiaries: S&S Power Switchgear Equipment Limited (SSPSE) based in Chennai, Acrastyle Limited in the UK, and Hamilton Research & Technology Private Limited (HART) in Kolkata. The group has undergone corporate restructuring since February 2024, implementing a new management team to drive growth.

SSPSE, established in 1975, specializes as a pioneering High Voltage Disconnector manufacturer, having deployed over 50,000 Disconnectors in 50 countries. Acrastyle Limited, acquired in 1995 and based in Ulverston, provides Protection and Control Panel solutions globally, with over 25,000 units deployed. HART, established in 1986 and acquired in 2024, offers customized H/W and S/W solutions for aluminum plants worldwide, including Pot Controllers and Heat Regulation Systems.

Q1 FY27 Performance Snapshot​

The company reported a robust start to FY27, achieving an 18% year-on-year increase in revenue. The overall order backlog remains strong, with expectations that new order inflows will strengthen in the coming quarter. While margins are reported as stable, EBIDA and EPS were impacted due to execution delays of automation business and deferred tax asset reversal, respectively.

Key performance indicators for Q1 FY27 compared to Q1 FY26 are presented below:

Strategic Roadmap for FY 2026-2028​

The group is currently in the first year of its three-year strategic plan and has detailed commitments across several domains, aiming to solidify its competitive advantage through continuous investment and product development.

Technology and Product Portfolio:

• HART, Kolkata: Investments include improving POT controllers, developing WMS (Warehouse Management System), HRS (Heat Regulation Systems), adopting new technology for Green Al., and developing a Digital Twin.
• SSPSE, Chennai: Strategic focuses include 765kV commercialization, Global series Double Break production, LVCC Scale Up, and strengthening engineering services for Acrastyle UK.
• Acrastyle, UK: The plan emphasizes increasing Value-added IEC 61850 orders, developing its own field services, and focusing on Engineering Services for the UK market.

Global Footprint Expansion:
The company is committed to expanding its international reach:

• SSPSE, Chennai: Plans include re-entry into Vietnam, Malaysia, Bangladesh, and Africa markets, along with participation in global exhibitions in Kenya, Rwanda, Ethiopia, and Tanzania.
• HART, Kolkata: Aims to engage with domain experts and expand into Middle East & Africa markets by participating in forums such as IBAAS, ICSOBA, ARABAL, and TMS.
• Acrastyle, UK: The strategy includes engaging with the BEAMA industry association, revamping its website and social media presence, and promoting its full range of Disconnectors in the UK market.

Operational and Governance Focus:
The 3-year plan emphasizes sustainable growth through several operational objectives:

• Manufacturing & Modernization: Plans include expanding capacities at current sites to meet emerging requirements and exploring new sites and lean manufacturing layouts.
• Quality, EHS & Compliance: A zero deviation policy is planned across all three entities, covering risk assessment, fire and electrical safety, ergonomic workstations, energy efficiency, and waste management. This includes adopting solar panels and increasing waste segregation and recycling rates.
• IT Systems: The company plans to implement SAP for Group companies, unifying the three facilities onto a single digital platform while integrating strong Cybersecurity measures.

Future Outlook​

S&S Power Group is targeting the doubling of its 2025 revenue by 2028, with an aim to achieve an EBIDA margin between 12% and 15%, and becoming debt-free by March 2028. The company emphasizes investing in strong professional teams, systems, learning and development, alongside a great work culture.

S&SPOWER Stock Price Movement​

On Friday, shares of S&S Power Switchgears Limited edged higher, closing at ₹325.6 after gaining 1.15% against the previous close. The stock saw volatile trading throughout the session, finding a daily low of ₹316.8 while hitting an intraday high of ₹330.