Parth Electricals & Engineering LimitedQ2 FY27 Results & Financial Update
Parth Electricals & Engineering Limited: Q2 FY27 standalone results and company financials – revenue ₹114.19 Cr, PAT ₹9.10 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Parth Electricals & Engineering Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Total expenses for the half-year aggregated to ₹104.35 crore, led by material consumption of ₹64.25 crore and inventory adjustments of ₹13.45 crore.
The board approved the acquisition of 100% equity share capital in Takalkar Power Engineers & Consultants Private Limited for a total cash consideration of ₹6.00 crore to bolster High Voltage (HV) and Extra High Voltage (EHV) engineering capabilities.
IPO fund utilization reports indicate that out of ₹62 crore raised, ₹21.79 crore was utilized toward the Gujarat GIS manufacturing facility against an allocated ₹20 crore, while ₹6.64 crore was deployed toward the Odisha facility out of a ₹19 crore allocation.
01 · Business model
What does Parth Electricals & Engineering do?
Parth Electricals & Engineering Limited is engaged in the manufacturing of electric switchgear equipments and undertaking electrical engineering projects.
The company's primary product portfolio centers around electrical switchgear and transmission infrastructure equipment, serving utility providers and industrial clients across India.
Operations span manufacturing and project execution, with facilities located in Gujarat and ongoing capacity expansion initiatives in Odisha.
02 · Historical context
What shaped the business before this quarter
Previously known as Parth Electricals & Engineering Private Limited before transitioning to a public limited corporate structure.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹114.19 Cr |
| Total income | ₹116.40 Cr |
| Profit before tax | ₹12.06 Cr |
| Profit after tax | ₹9.10 Cr |
| EPS | ₹6.60 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 8.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 10.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.21 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove margins
Cost of materials consumed stood at ₹64.25 crore, complemented by changes in inventories of finished goods, work-in-progress, and stock-in-trade amounting to ₹13.45 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single primary segment: doing business of manufacturing electric switchgear equipments, distributions of such products, providing services and undertaking project work.
Geography and market mix
The company operates entirely within India, which is treated as a single geographical segment under AS-17.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Established Gas Insulated Switchgear (GIS) manufacturing facility in Gujarat with actual utilization reaching ₹21.79 crore against initial offer allocations of ₹20.00 crore.
Ongoing establishment of a manufacturing facility in Odisha, with ₹6.64 crore utilized out of the ₹19.00 crore allocated from IPO proceeds, leaving ₹12.36 crore unutilized.
Projects, capex and execution
Capital expenditure during the period included fund deployment toward manufacturing plants in Gujarat and Odisha as well as general corporate purposes.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Agreed to acquire 100% equity share capital (10,000 shares) of Takalkar Power Engineers & Consultants Private Limited for ₹6.00 crore in cash to strengthen HV and EHV engineering capabilities and enable GIS solutions up to 220 KV.
08 · Reported developments
What changed operationally
Board approval to acquire Takalkar Power Engineers & Consultants as a wholly-owned subsidiary enhances product breadth in high-voltage engineering and cross-selling opportunities.
09 · Items worth noticing
The line items that can distort a quick read
Current tax for the half year stood at ₹2.97 crore, offset by a deferred tax credit of ₹0.02 crore.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Utilized ₹18.71 crore toward the repayment of short-term cash credit borrowings against an initial offer document allocation of ₹15.00 crore.
Unutilized IPO proceeds include ₹8.79 crore temporarily invested in fixed deposits and ₹1.42 crore maintained in separate bank accounts.
Capital allocation & funding
Short-term borrowings stood at ₹1,874.18 lakh as of September 30, 2026, compared to ₹1,715.93 lakh as of March 31, 2026.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Auditors Review
Mukund & Rohit, Chartered Accountants, issued an unmodified limited review report on the financial results for the half year ended September 30, 2026.
12 · Key Q&A
The quarter, answered directly
What does Parth Electricals & Engineering do?
Parth Electricals & Engineering Limited is engaged in the manufacturing of electric switchgear equipments and undertaking electrical engineering projects.
What is the clearest takeaway from Q2 FY27?
Total expenses for the half-year aggregated to ₹104.35 crore, led by material consumption of ₹64.25 crore and inventory adjustments of ₹13.45 crore.
What drove revenue or demand?
The company operates in a single primary segment: doing business of manufacturing electric switchgear equipments, distributions of such products, providing services and undertaking project work.
What mattered most for margins or profitability?
Cost of materials consumed stood at ₹64.25 crore, complemented by changes in inventories of finished goods, work-in-progress, and stock-in-trade amounting to ₹13.45 crore.
What changed operationally beyond the headline numbers?
Established Gas Insulated Switchgear (GIS) manufacturing facility in Gujarat with actual utilization reaching ₹21.79 crore against initial offer allocations of ₹20.00 crore.
What should the next disclosure help confirm?
Monitor the completion of the 100% equity acquisition of Takalkar Power Engineers within the tentative one-month timeframe.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Takalkar Acquisition Completion: Monitor the completion of the 100% equity acquisition of Takalkar Power Engineers within the tentative one-month timeframe.
- 02
Odisha Facility Progression: Track further capital deployment and completion milestones for the unutilized ₹12.36 crore allocated to the Odisha manufacturing facility.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.