Shares of Kanohar Electricals jumped 20% to ₹1,131 on Wednesday, October 7, after the transformer maker reported a 103% year‑on‑year revenue increase to ₹137 crore and a 152% rise in EBITDA to ₹38.84 crore.
EBITDA margin expanded to 28.35% from 22.91% a year earlier, while PAT climbed 142% YoY to ₹27.3 crore. Whole‑time director Abhishek Singhal said the lift was driven by higher manufacturing volumes and a stronger 400‑kV product mix that improved operating leverage.
The company added ₹332.3 crore in incremental orders, pushing its order book to ₹2,026 crore—about 11% higher than the ₹1,818 crore book a year ago—providing a 18‑24‑month execution runway.
Kanohar Electricals is targeting ₹950 crore revenue for FY27, with a similar EBITDA margin profile to FY26, and is focused on filling the 765‑kV transformer segment, where it has recently built manufacturing capability.
The firm debuted on the NSE on September 16 at ₹685.50, an 8.5% premium to its IPO price of ₹632. Its ₹1,055.7 crore IPO was subscribed 90.59 times on the final day of bidding. Today the stock trades roughly 60% above its listing price, reflecting investor optimism around the company’s rapid revenue growth and expanding order book.