Accord Transformer & Switchgear Ltd — earnings calls

Accord Transformer & Switchgear reported FY26 total income of Rs 70.60 crore with EBITDA margin of 10.39% and PAT of Rs 4.50 crore, while H2 FY26 total income was Rs 42.59 crore with an EBITDA margin of 11.77%. Management attributed the year-on-year revenue decline to execution delays at two customer sites rather than a fall in demand, with roughly Rs 34 crore of orders deferred into FY27. The company also discussed its order book, capacity utilization, planned facility expansion, and a memorandum of understanding signed with the Western Administrative District of Moscow.