Electrotherm (India) Ltd., a diversified engineering and manufacturing company, has reported a solid financial performance for the quarter ended June 2025, alongside a key leadership reappointment that reinforces its long-term strategic direction. The company posted a consolidated net profit of Rs 277.5 million and revenue from operations of Rs 8.34 billion, reflecting operational resilience across its core segments. In parallel, the board has re-appointed Suraj Bhandari as Managing Director, extending his tenure through November 2025.
These developments mark a confident start to FY26, with Electrotherm continuing to strengthen its position in steel, electric mobility, and industrial engineering.
Financial Highlights: Q1 FY26 Performance
Consolidated revenue from operations reached Rs 8.34 billion, up 7.9% year-on-year
Net profit stood at Rs 277.5 million, supported by improved margins and cost efficiencies
EBITDA margin expanded to 16.4%, driven by higher capacity utilization and product mix optimization
Other income contributed Rs 88 million, including treasury gains and export incentives
The company’s performance was buoyed by strong demand for induction furnaces, ductile iron pipes, and electric vehicles, particularly in export markets across Southeast Asia and Africa.
Segmental Performance and Operational Drivers
Electrotherm’s diversified business model delivered across key verticals:
Engineering and Technologies Division
Continued execution of turnkey furnace projects for steelmakers
New orders secured for transmission line towers and transformer components
Expansion in nuclear-grade fabrication and marine engineering underway
Steel and Pipes Division
Steady output of TMT bars and DI pipes from Kutch and Kalol plants
Improved realization due to favorable pricing and logistics optimization
Export volumes rose 12.6% year-on-year, led by demand from GCC countries
Electric Vehicle Division
Sales of battery-operated two-wheelers increased 18% quarter-on-quarter
New dealership agreements signed in Tier-2 cities
R&D investments in lithium-ion battery packs and IoT-enabled diagnostics
The company’s integrated manufacturing footprint and backward integration helped mitigate raw material cost volatility.
Leadership Reappointment: Suraj Bhandari to Continue as MD
Electrotherm’s board has re-appointed Suraj Bhandari as Managing Director, effective July 29, 2025, for the remainder of his current term ending November 12, 2025.
Key aspects of the reappointment:
Bhandari will continue to oversee the Engineering and Technologies Division
Entrusted with substantial powers of management, including finance, production, and strategic planning
His leadership has been instrumental in securing export orders and driving operational turnaround
Bhandari’s reappointment reflects the board’s confidence in his ability to steer the company through its next phase of growth and innovation.
Strategic Outlook and Market Sentiment
Electrotherm’s Q1 results and leadership continuity have been positively received by investors and analysts:
Shares rose 4.2% on NSE post-announcement, closing at Rs 1,215.70
Institutional interest has increased, with fresh coverage initiated by mid-cap brokerages
The company’s order book stands at Rs 9.87 billion, with visibility across FY26
Guidance for the full year includes:
Revenue growth of 15–18%
Margin expansion of 120–150 basis points
Capex of Rs 1.2 billion focused on automation and export capacity
Electrotherm’s strategic focus on high-margin sectors such as nuclear engineering, electric mobility, and export-led manufacturing positions it well for sustained performance.
Source: Moneycontrol – July 29, 2025 Rediff MoneyWiz – July 29, 2025 Business Standard – July 29, 2025 Electrotherm Investor Relations – July 29, 2025 ZaubaCorp, The Economic Times
