Sugs Lloyd reports 32% growth in revenue and 30% rise in PAT for Q1 FY27

Sugs Lloyd reports 32% growth in revenue and 30% rise in PAT for Q1 FY27​

Sugs Lloyd Limited, a leading EPC company specializing in Power T&D (Transmission and Distribution), solar, and smart-grid solutions across India, announced strong financial results for the first quarter of FY27, ending June 30, 2026. The company reported revenue of ₹78.40 crore and profit after tax (PAT) of ₹7.50 crore, noting that these results were supported by an order book totaling ₹807 crore.

The Q1 performance marked a significant milestone for the company, demonstrating strong execution capabilities. During the quarter, Sugs Lloyd secured fresh awards totaling approximately ₹62 crore from various distribution utilities across three states.

Financial Performance Highlights​

Sugs Lloyd delivered consistent growth across key financial metrics in Q1 FY27. The Company’s operational results are detailed below:


The company maintained healthy margins, with the EBITDA margin standing at 15.3% (up 32 bps from 14.98% in Q1 FY26). The Profit After Tax Margin was 9.57%.

Vertical Revenue Breakdown​

Growth was primarily driven by the Power T&D and Smart Grid vertical, which contributed significantly to the revenue mix compared to the previous year.


The Power T&D and Smart Grid sector accounted for approximately 59% of the total revenue, contrasting sharply with about 27% in the prior year, indicating strong execution in smart grid projects. Solar EPC contributed approximately 41% of the revenue.

Operational Focus and Order Book Status​

Sugs Lloyd maintained a robust operational pipeline, highlighted by an order book valued at ₹807 crore, which is equivalent to 2.7 times the FY26 revenue. The Company's operations span multiple states including Delhi, Bihar, Odisha, Madhya Pradesh, Gujarat, Punjab, Himachal Pradesh, Maharashtra, Uttar Pradesh, and Chhattisgarh.

Key operational achievements include:

• A flagship RDSS smart-grid project at Patna, Bihar, which involves bundling infrastructure, equipment, software, and communication within a single mandate.
• Securing a contract worth ₹56.57 crore (excluding GST) from North Bihar Power Distribution Company Limited for 16 MW of grid-connected rooftop solar under the CAPEX plus RESCO route of the PM Surya Ghar initiative. This specific project introduces a 10-year annuity revenue stream from the Commercial Operation Date (COD).
• Winning a ₹1.80 crore contract from TP Southern Odisha Distribution Limited (TPSODL) for providing Fault Passage Indicators and Data Communicator Units.
• Securing an order of ₹3.37 crore (including GST) subsequent to the quarter end from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited, which involves FPIs integrated with the SCADA-DMS/ADMS system in Indore and includes a five-year AMC.

Management Perspective​

Santosh Shah, Managing Director and Promoter of Sugs Lloyd Limited, commented on the results, stating that Q1 FY27 represented the transition from building the order book over the preceding two years to successful revenue conversion.

Mr. Shah highlighted that retaining margin structure while delivering 32% revenue growth and 30% PAT growth was crucial. He pointed out that two major shifts define the quarter: the increasing mix of Power T&D and smart grid (now roughly 59% from 27% in FY26), driven by the RDSS mandate execution, and the nature of wins secured. Specifically, the 16 MW rooftop solar award from North Bihar PDSCL carries a ten-year contract term, providing an annuity alongside EPC earnings.

The Managing Director also noted that the accelerating acceptance of Sugs Lloyd's own products, such as Fault Passage Indicators (FPI), remains a strategic growth driver. These products have gained traction with TPSODL in Odisha and MPPKVVCL in Madhya Pradesh, where they were integrated into the SCADA-DMS/ADMS control centre.

Mr. Shah advised stakeholders to view results sequentially, noting that billing often concentrates in March, making a June quarter marginally below the preceding March quarter normal for the business cycle. The management remains committed to execution discipline and converting the qualified pipeline to create durable long term value.

Outlook and Guidance​

The Company views demand as policy driven and structural, citing the Revamped Distribution Sector Scheme (RDSS) commitment of approximately ₹3.04 lakh crore to smart metering and grid strengthening. Given that India is targeting 500 GW of non-fossil capacity by 2030, large-scale distribution network augmentation represents a core addressable market for Sugs Lloyd.

Management has set out a guidance target of Revenue of Rs.1000 Cr. for FY 27-28.

Stock Price Movement​

Sugs Lloyd Ltd ended the trading day down by 2.77%, closing at ₹135.10 after moving through a volatile session. Shares saw significant intraday action, with the stock range spanning from a low of ₹132.05 to a high of ₹144.00.