Susan Electricals India Reports Q1 Revenue Of ₹95.4 Crore, Net Profit At ₹6.4 Crore

Market snapshot: Susan Electricals India Limited has declared its standalone financial results for Q1 FY27, showcasing a stellar top-line growth and a strong bottom-line turnaround. The newly listed wires and cables manufacturer posted a near-triple increase in revenue and successfully transitioned from a net loss to a comfortable net profit.

Data Snapshot

• Susan Electricals India recorded a standalone Q1 FY27 revenue of ₹95.4 cr, representing a substantial surge compared to ₹25.2 cr in the same quarter last year.
• The company registered a standalone net profit of ₹6.4 cr for Q1 FY27, turning profitable from a loss of ₹40 L in the corresponding quarter of the previous year.

What's Changed

• Revenue increased by ₹70.2 cr YoY to ₹95.4 cr (derived: ₹95.4 cr vs ₹25.2 cr).
• Net profit turned positive by ₹6.8 cr YoY, moving from a loss of ₹40 L to a profit of ₹6.4 cr (derived: ₹6.4 cr vs -₹40 L).

Key Takeaways

• Exponential top-line expansion of over 270% YoY driven by escalating demand in the wires and cables industry.
• Clear profitability turnaround with standalone net profit touching ₹6.4 cr vs a standalone loss of ₹40 L last year.
• Demonstrated operational leverage as scaling volumes post-IPO begin to dilute fixed overhead costs.

SAHI Perspective

Susan Electricals has delivered an exceptional operational performance in its first post-listing quarterly report. The significant turnaround from a standalone net loss of ₹40 L to a net profit of ₹6.4 cr, coupled with a near-triple revenue jump to ₹95.4 cr, underscores high growth momentum. Having successfully listed on the BSE SME platform in June 2026 and initiated capacity expansions, the company exhibits strong early-stage execution capabilities.

Market Implications

This stellar earnings report is likely to boost investor sentiment, supporting the stock's upward trajectory. Following its listing at a premium in June 2026, the company is demonstrating that its fundamentals are scaling fast enough to justify premium valuations. Positive earnings momentum will also help maintain liquidity and institutional interest in this newly listed SME ticker.

Trading Signals

Market Bias: Bullish

Strong Q1 FY27 standalone earnings with revenue surging to ₹95.4 cr and a turnaround net profit of ₹6.4 cr vs a loss of ₹40 L YoY justify a positive outlook.

Overweight: Electrical Equipment, Wires & Cables

Trigger Factors:

• Sustainability of revenue run-rate in subsequent quarters.
• Progress of the planned capacity expansion to 12,000 km annually.
• Execution of the unexecuted order book which stands at ₹142.39 cr.

Time Horizon: Medium-term (3-12 months)

Industry Context

The Indian wires and cables industry is experiencing a structural expansion, propelled by increased public and private capital expenditure in infrastructure, housing, and power distribution utilities. State distribution companies (DISCOMs) and EPC contractors remain key revenue drivers. Newly listed players like Susan Electricals are expanding capacities (aiming for 12,000 km annually) to address this active pipeline.

Key Risks to Watch

• High concentration of revenue from government entities and DISCOMs, which historically exposes suppliers to payment delays.
• Volatility in raw material prices, particularly copper and aluminium, which could impact EBITDA margins.
• Newly listed SME status means higher stock volatility and lower liquidity compared to mainboard peers.

Recent Developments

Susan Electricals successfully listed on the BSE SME platform on June 18, 2026, following an IPO that was highly oversubscribed. More recently, on August 7, 2026, the board approved the formulation of the Employee Stock Option Plan 2026 (SEIL-ESOP 2026) for up to 2.04 lakh shares, and proposed an EGM on September 3, 2026, to seek shareholder approval. Additionally, Mr. Charan Singh was appointed as an Additional Director, following the resignation of Manoj Kumar on August 5, 2026.

Closing Insight

Susan Electricals' stellar Q1 FY27 numbers highlight a company in rapid scale-up mode. By pairing explosive growth with disciplined corporate actions—like introducing a performance-linked ESOP scheme and strengthening the board—the company is building a solid post-IPO foundation.

High Performance Trading with SAHI.