Susan Electricals India Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Susan Electricals India Ltd filed with BSE on 22 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Susan Electricals India Limited reported Q1 FY27 revenue of INR 95.36 crore, up 279% year-on-year, with operating profit rising 980% to INR 11.04 crore and profit after tax turning positive at INR 6.39 crore compared to a loss in the prior year quarter. Management attributed the improvement to higher operating scale, a shift in product mix toward HT, MVCC and LT cables, and improved EBITDA per unit across the product portfolio. The company also outlined an unexecuted order book of Rs 142.39 crore, an active order pipeline of Rs 150 crore, and ongoing capacity expansion targeted for commercial operations from February 2027.
Numbers mentioned
Revenue: INR 95.36 crore (Q1 FY27)
p. 4
“Revenue increased by 279% year-on-year to INR 95.36 crore.”
Ved Prakash, page 4 of the filed PDF · View the filing
Operating profit: INR 11.04 crore (Q1 FY27)
p. 4
“Operating profit increased significantly by 980% year-on-year to INR 11.04 crore.”
Ved Prakash, page 4 of the filed PDF · View the filing
Profit after tax: INR 6.39 crore (Q1 FY27)
p. 5
“Profit after tax turned positive at INR 6.39 crore, compared to a loss of INR 0.42 crore in the corresponding quarter last year.”
Ved Prakash, page 5 of the filed PDF · View the filing
Unexecuted order book: ₹142.39 Cr (as of 30 June 2026)
p. 4
“Unexecuted order book: ₹142.39 Cr as of 30 June 2026 (expected to execute over next ~3 months)”
Vishal Jain, page 4 of the filed PDF · View the filing
Active order pipeline: ₹150 Cr
p. 4
“Active order pipeline: ₹150 Cr.”
Vishal Jain, page 4 of the filed PDF · View the filing
Total order visibility: ₹292 Cr
p. 4
“Total order visibility: ₹292 Cr.”
Vishal Jain, page 4 of the filed PDF · View the filing
Blended operating margin: ~11.9% (Q1 FY27)
p. 3
“Blended operating margin improved to ~11.9% in Q1; expected to maintain/improve with mix shift and operating leverage”
Vishal Jain, page 3 of the filed PDF · View the filing
LT cables and conductors EBITDA margin: Approximately 6.5% (Q1 FY27)
p. 5
“LT cables and conductors: Approximately 6.5% EBITDA margin”
Vishal Jain, page 5 of the filed PDF · View the filing
HT cables EBITDA margin: Approximately 7% (Q1 FY27)
p. 5
“HT cables: Approximately 7% EBITDA margin”
Vishal Jain, page 5 of the filed PDF · View the filing
Winding wires EBITDA margin: Approximately 24.39% (Q1 FY27)
p. 5
“Winding wires: Approximately 24.39% EBITDA margin”
Vishal Jain, page 5 of the filed PDF · View the filing
Overall company EBITDA margin: approximately 12% (Q1 FY27)
p. 8
“we achieved an EBITDA margin of approximately 12% during Q1 FY27.”
Vishal Jain, page 8 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
HT & MVCC contribution to revenue — ~15% by year-end · FY27 year-end
stated as an aspiration by Vishal Jain
p. 3
“HT & MVCC contribution targeted to rise (from ~5-10% currently toward ~15% by year-end and higher thereafter).”
Vishal Jain, page 3 of the filed PDF · View the filing
FY27 revenue mix across segments — roughly balanced ~30-35% each across HT/MVCC, LT/conductors, and winding wires · FY27
stated as an aspiration by Vishal Jain
p. 3
“Expected FY27 revenue mix roughly balanced ~30-35% each across HT/MVCC, LT/conductors, and winding wires”
Vishal Jain, page 3 of the filed PDF · View the filing
HT/MVCC per-unit EBITDA potential — ~20% (or 20-25%)
stated as an aspiration by Vishal Jain
p. 3
“HT/MVCC per-unit EBITDA potential ~20% (or 20-25%); winding wires & LT/conductors typically 10-15%.”
Vishal Jain, page 3 of the filed PDF · View the filing
Capacity expansion commercial operations — 12,000 Km p.a. · Feb 2027
stated firmly by Vishal Jain
p. 4
“Capacity Expansion: On track for commercial operations from Feb 2027. Adding 4,500 Km p.a. (existing 7,500 Km → 12,000 Km p.a., +60%) Ongoing incremental capacity additions already happening; new capacity expected to ramp quickly alongside demand”
Vishal Jain, page 4 of the filed PDF · View the filing
Peak capex revenue potential — ~700 to 800cr
stated as an aspiration by Vishal Jain
p. 4
“Peak capex reference potential of ~700 to 800cr in revenue”
Vishal Jain, page 4 of the filed PDF · View the filing
FY27 capex — INR 15 crore to INR 20 crore · FY27
stated firmly by Vishal Jain
p. 7
“We are currently planning capex of approximately INR 15 crore to INR 20 crore during FY27.”
Vishal Jain, page 7 of the filed PDF · View the filing
HT and MVCC contribution to revenue — around 50% · end of FY27
stated as an aspiration by Vishal Jain
p. 6
“Currently, HT and MVCC contribute around 5%–10% of revenue, and we expect this contribution to increase to around 50% by the end of FY27.”
Vishal Jain, page 6 of the filed PDF · View the filing
HT and MVCC product-level margin potential — approximately 20% net margins
stated as an aspiration by Vishal Jain
p. 6
“At the product level, HT and MVCC cables have the potential to generate approximately 20% net margins, depending on the scale and product mix.”
Vishal Jain, page 6 of the filed PDF · View the filing
Factory expansion commissioning — February
stated firmly by Vishal Jain
p. 7
“The factory expansion is expected to be commissioned in February.”
Vishal Jain, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management gave margins of approximately 6.5% for LT cables and conductors, 7% for HT cables, and 24.39% for winding wires in Q1 FY27.
Answered by Vishal Jain
Asked by Nishita, Sapphire Capital: What are the segment-wise EBITDA margins for LT cables, HT cables and winding wires?
p. 5
“During Q1 FY27, the EBITDA margins achieved across our key product segments were:”
Vishal Jain, page 5 of the filed PDF · View the filing
Management said the current lower margins reflect early-stage revenue contribution and that operating leverage should improve margins toward 20% at the product level as volumes increase.
Answered by Vishal Jain
Asked by Nishita, Sapphire Capital: What margin potential exists in HT and MVCC cables as revenue scales?
p. 6
“As volumes increase and the business scales up, operating leverage will improve.”
Vishal Jain, page 6 of the filed PDF · View the filing
Management declined to give an absolute revenue number, pointing instead to continued demand momentum in the power sector.
Answered by Vishal Jain
Asked by Nishita, Sapphire Capital: What is the FY27 revenue growth guidance following 279% YoY growth in Q1?
p. 7
“We would not like to provide an absolute revenue number at this stage.”
Vishal Jain, page 7 of the filed PDF · View the filing
Management said raw material price movements are monitored closely and managed through pricing mechanisms and operational measures.
Answered by Vishal Jain
Asked by Mr Chandan Jain, Capital Market Analyst: How does the company manage aluminium rod price volatility from geopolitical developments?
p. 10
“Raw material price movements are monitored closely, and pricing decisions are taken accordingly.”
Vishal Jain, page 10 of the filed PDF · View the filing
Management said funding requirements would be evaluated based on business growth and expansion plans, with additional funding considered accordingly.
Answered by Vishal Jain
Asked by Mr Ankur Gulati, Genuity Capital: Are there plans to increase long-term debt going forward?
p. 10
“The company will evaluate funding requirements based on business growth and expansion plans.”
Vishal Jain, page 10 of the filed PDF · View the filing
Risks flagged
Volatility in aluminium rod and raw material prices due to geopolitical developments
p. 10
“Recently, raw material prices, particularly aluminium rod prices, have seen volatility due to geopolitical developments.”
Mr Chandan Jain, Capital Market Analyst, page 10 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.