IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Average daily gas sales crossed 10 mmscmd for the first time, while CNG volumes rose 9 per cent and PNG sales increased 8 per cent during the quarter
Atlanta Electricals Limited disclosed robust financial results for the second quarter of the fiscal year 2026-27 on October 31, 2026. The company reported a consolidated net profit of ₹78.97 crore, marking a substantial 40.4% increase year-over-year, up from ₹56.24 crore in the same quarter a year prior. Revenue Performance For the quarter, consolidated revenue from operations reached ₹390.08 crore, a 23.1% rise compared to ₹316.96 crore in the previous fiscal year's corresponding period.
Order and Contracts Atlanta Electricals secured an order worth ₹193.92 crore, with APTRANSCO requesting 12 auto transformers. Total Income and Expenses The company's total consolidated income from operations for Q2 FY27 stood at ₹393.49 crore, a notable increase from ₹318.54 crore in Q2 FY26. Total consolidated expenses also climbed to ₹348.95 crore, compared to ₹280.87 crore in the same quarter last year.
Earnings Per Share Earnings per share (EPS) for the quarter ended September 30, 2026, increased to ₹10.27, up from ₹7.84 in the same quarter of the previous year. Half-Year Performance For the six months ended September 30, 2026, the company reported a consolidated net profit of ₹78.58 crore, a 39.3% increase from ₹56.57 crore in the corresponding period of the prior year.
Consolidated revenue from operations for the half-year amounted to ₹856.41 crore, an increase from ₹632.07 crore in the first half of the previous fiscal year. Subsidiary Financials Atlanta Electricals operates through several subsidiaries, including Atlanta Transformers Private Limited, AE Components Private Limited, and Atlanta Trafo Limited.
However, all subsidiary companies reported nil total revenues and a total net loss after tax of ₹10.03 crore for the half year ended September 30, 2026. Financial Reporting The unaudited consolidated financial results for the quarter and half year ended September 30, 2026, were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).
The Audit Committee reviewed and recommended these financial results on October 31, 2026, and the Board of Directors approved them on the same date.
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- Atlanta Electricals Reports Strong Q2: Net Profit Grows 40.4% To ₹78.97 Crore, Revenue Rises freepressjournal.in
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