Transformer stock jumps 8% after its net profit increases by 94% YoY in Q3

SYNOPSIS: Atlanta Electricals delivered strong Q3 FY26 results, with revenue jumping 49 percent QoQ and 82 percent YoY, while net profit surged 73 percent sequentially and 94 percent annually.

During Monday’s trading session, shares of one of India’s leading transformer manufacturers of a wide range of transformers surged more than 8 percent on BSE, after reporting strong Q3 FY26 results with a rise in net profit by around 73 percent QoQ and 94 percent YoY.

With a market cap of Rs. 6,437.4 crores, shares of Atlanta Electricals Limited closed in the green at Rs. 837.15 on BSE, up by over 2 percent, as against its previous closing price of Rs. 818.5. The stock has delivered negative returns of over 12 percent in the last one month.

Financials

Atlanta Electricals Limited announced the financial results for the third quarter of FY26 on Monday during market hours, as per the latest regulatory filings with the stock exchanges.

For the quarter, the company posted a consolidated total revenue from operations of Rs. 475.93 crores, reflecting a sequential growth of over 49 percent QoQ compared to Rs. 318.53 crores in Q2 FY26. On a year-on-year basis, revenue grew nearly 82 percent from Rs. 262.15 crores recorded in Q3 FY25.

Net profit for Q3 FY26 stood at Rs. 43.34 crore, indicating a significant increase of around 73 percent QoQ from Rs. 25 crores in Q2 FY26, and on a year-on-year basis by over 94 percent from Rs. 22.3 crores reported in Q3 FY25.

For Q3 FY26, EBITDA rose sharply to Rs. 91 crore from Rs. 42 crore in Q3 FY25, registering a growth of nearly 120 percent YoY. EBITDA margin expanded significantly to 19.4 percent from 15.8 percent, an improvement of 352 basis points.

Order Book

The company’s order book stood at an all-time high of Rs. 2,451 crore as of December 2025. Order inflows during Q3 FY26 totalled Rs. 796 crore, including a Rs. 298-crore contract from GETCO for 25 high-capacity transformers, underscoring a three-decade partnership. It also secured a Rs. 134-crore order from Adani Green Energy Limited for inverter duty transformers.

From an operational standpoint, the Vadodara facility contributed roughly one-third of the quarterly revenue, while operations at Atlanta Trafo have commenced. The company now operates seven NABL-accredited testing laboratories, significantly enhancing its high-voltage testing and quality assurance capabilities.

Looking ahead, management indicated that the major investment phase is largely complete, with focus shifting towards improving capacity utilisation to drive operating leverage.

Atlanta Electricals Limited is among India’s leading manufacturers of power, auto, and inverter-duty transformers. Its product portfolio spans a wide range, from 5 MVA/11 kV units to large 500 MVA/765 kV transformers, including power, auto, inverter-duty, generator, and furnace transformers. In addition, the company specialises in manufacturing transformers customised to client-specific requirements. As of 31st December 2025, the company has supplied 4,710 transformers, totalling to 1,07,229 MVA, across the country.

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