Sun. Dec 8th, 2024

Mumbai (Maharastra) [India],October 24: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for H1 FY25.

Key Consolidated Financial Highlights

  •  Total Income of  58.61 Cr, YoY growth of 11.45%
  •  EBITDA of  12.03 Cr, YoY growth of 15.78%
  • EBITDA Margin of 20.53%, YoY growth of 77 Bps
  • Net Profit of  7.29 Cr, YoY growth of 10.62%

Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “We are pleased to announce double-digit percentage growth in both Total Income and profit for H1 FY25, supported by strong demand for solar and wind transformers. The booming renewable energy sector in India continues to drive new opportunities, and SPEL is well-positioned to meet the rising needs of the market.

We are making steady progress on our new state-of-the-art facility, having secured all required approvals from the authorities, with 25-30% of the construction completed. This plant will significantly boost our production capacity, helping us cater to increasing demand. Also, we are exploring expansion in other states to strengthen our footprint and support future growth.

While one of our major orders was delayed by a month due to client-side issues, SPEL was ready for delivery as scheduled. Although this has slightly impacted our H1 performance, we are confident that the execution of these orders in the coming months will boost our performance in H2 FY25.

With strong demand, a growing order book, and progress at our new facility, we are optimistic about sustaining strong growth in the second half of the year and delivering enhanced value to our stakeholders.”

key Operational Highlights

Received a contract from a solar project company
  • Contract Value: ₹ 11.32 Cr
  • Product: 50 MVA transformers
  • Purpose: Support the solar company’s expanding operations and projects
  • Execution Timeline: Expected around September 2024
Received contract from Seshasayee Paper and Boards Limited ·       Contract Value: ₹ 3.41 Cr

  • Scope of Work: Refurbishment of existing power and distribution transformers. Replacement of old parts with new, high-performance components designed and manufactured by SPEL.
  • Execution Timeline: Expected project completion within 3-4 months.
Secured a contract from a solar energy company ·       Contract Value: ₹ 26 Cr

  • Scope of Work: Supplying Transformers & Construction, installation, and commissioning of a 110 KV switchyard (Substation) as part of the project
  • Transformer Specifications: The order includes 10 units of 6MVA, 800V/33KV transformers and 2 units of 25/31.5MVA, 110/33KV transformers.

Execution Timeline: The entire order is expected to be completed within five months.

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