Shilchar Technologies LimitedQ2 FY27 Results & Financial Update
Shilchar Technologies Limited: Q2 FY27 standalone results and company financials – revenue ₹192.61 Cr, PAT ₹32.98 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 Shilchar Technologies 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
Shilchar Technologies recorded a robust sequential expansion in its standalone financial performance for the second quarter of fiscal 2027.
Revenue from operations surged to INR 192.61 crore, representing a 43.09 percent increase over the preceding quarter ended June 30, 2026.
Total income for the quarter reached INR 199.41 crore, supported by other income of INR 6.80 crore.
Profitability expanded alongside top-line growth, with profit before tax climbing to INR 45.69 crore and net profit after tax reaching INR 32.98 crore, up 58.05 percent sequentially.
Basic and diluted earnings per share for the quarter stood at INR 28.83, compared to INR 18.24 in the first quarter of FY27.
The net profit margin strengthened to 17.12 percent for the quarter, reflecting improved operating leverage as production scaled.
01 · Business model
What does Shilchar Technologies do?
Shilchar Technologies Limited operates exclusively in the power and distribution transformers sector, manufacturing transformers and associated parts.
Headquartered at Gavasad near Vadodara in Gujarat, the company serves power generation, transmission, and industrial clients through its standalone operations.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹192.61 Cr | ₹134.61 Cr |
| Total income | ₹199.41 Cr | ₹141.78 Cr |
| Profit before tax | ₹45.69 Cr | ₹28.07 Cr |
| Profit after tax | ₹32.98 Cr | ₹20.86 Cr |
| EPS | ₹28.83 | ₹18.24 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 17.1% 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 23.7% 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 ₹6.80 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.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations grew to INR 192.61 crore in Q2 FY27 from INR 134.61 crore in Q1 FY27, driven by higher execution volume within the transformers and parts segment.
Total income benefited from INR 6.80 crore in other income items during the quarter.
What drove margins
Cost of materials consumed stood at INR 135.56 crore, accompanied by a minor inventory change of INR 0.68 crore.
PAT margin expanded sequentially to 17.12 percent in Q2 FY27 from 15.50 percent in Q1 FY27, aided by fixed cost absorption over a larger revenue base.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The activities of the company relate exclusively to one operating segment: Transformers & Parts.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Capital work-in-progress stood at INR 33.77 crore as of September 30, 2026, increasing from INR 6.41 crore at March 31, 2026, indicating ongoing plant expansion or asset additions.
06 · Reported developments
What changed operationally
Strong double-digit sequential growth across revenue, operating profit, and net profit compared to the quarter ended June 30, 2026.
07 · Items worth noticing
The line items that can distort a quick read
The company recorded provisions of INR 1.23 crore during the quarter alongside fair valuation adjustments on investments.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash generated from operating activities stood at INR 12.42 crore, after accounting for direct taxes paid of INR 19.54 crore and working capital adjustments.
Trade receivables stood at INR 189.88 crore as of September 30, 2026, while total outstanding trade payables rose to INR 98.51 crore, encompassing dues to micro/small enterprises and other creditors.
Capital allocation & funding
Finance costs remained minimal at INR 0.10 crore for the quarter, underscoring a low-debt capital structure.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Review
The financial results for the quarter and half year ended September 30, 2026, were subjected to a limited review by statutory auditors C N K & Associates LLP.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue increased by 43.09 percent and net profit rose by 58.05 percent compared to Q1 FY27.
11 · Key Q&A
The quarter, answered directly
What does Shilchar Technologies do?
Shilchar Technologies Limited operates exclusively in the power and distribution transformers sector, manufacturing transformers and associated parts.
What is the clearest takeaway from Q2 FY27?
Shilchar Technologies recorded a robust sequential expansion in its standalone financial performance for the second quarter of fiscal 2027.
What drove revenue or demand?
Revenue from operations grew to INR 192.61 crore in Q2 FY27 from INR 134.61 crore in Q1 FY27, driven by higher execution volume within the transformers and parts segment.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 135.56 crore, accompanied by a minor inventory change of INR 0.68 crore.
What changed operationally beyond the headline numbers?
Capital work-in-progress stood at INR 33.77 crore as of September 30, 2026, increasing from INR 6.41 crore at March 31, 2026, indicating ongoing plant expansion or asset additions.
What should the next disclosure help confirm?
Monitor the commissioning and capitalization timeline for the ongoing capital work-in-progress, which stood at INR 33.77 crore at the end of September 2026.
12 · 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
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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.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Capital Expenditure Progress: Monitor the commissioning and capitalization timeline for the ongoing capital work-in-progress, which stood at INR 33.77 crore at the end of September 2026.
Learn the metrics
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.