Mumbai, May 22, 2024 – Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Audited Financial Results for H2 FY24 & FY24.

Key Financial Highlights (Consolidated)

H2 FY24

Particulars ( Cr) H2 FY24 H1 FY24 HoH change
Total Income 60.99 52.59 15.97%
EBITDA 12.94 10.39 24.55%
EBITDA (%) 21.21% 19.75% 146 BPS
PAT 7.71 6.59 17.00%
PAT Margin (%) 12.64% 12.53% 11 BPS


Particulars ( Cr) FY24 FY23 YoY change
Total Income 113.59 99.91 13.69%
EBITDA 23.33 18.31 27.43%
EBITDA (%) 20.54% 18.32% 221 BPS
PAT 14.30 11.08 29.05%
PAT Margin (%) 12.59% 11.09% 150 BPS

Key Operational Highlights

Secured New Orders   Secured order worth of ₹10.27 Cr for supply of 160 units of 250 KVA TransformersSecured orders worth of ₹9.10 Cr from Government Entities Secured orders worth of ₹3.31 Cr from Private Entities.
Received a positive rerating from ICRA Limited Long-term rating: ICRA BB+ (Stable)Short-term rating: ICRA A4+

Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “We are pleased to report impressive financial performance for FY24 and H2FY24, with double-digit growth in both top line and bottom line, and an improvement in EBITDA margin to ~21%. This achievement is driven by strong demand from the power sector, strategic focus on supplying power transformers, innovation, and stringent cost control measures.

In response to the expanding power industry, bolstered by government initiatives, we are increasing our production capacity from 2,500 MVA to 9,000 MVA. This expansion will be housed in a new 150,000 sq ft facility, expected to be operational by Q1 FY26.

Looking ahead, we aim to focus on high-margin, large power transformers and explore opportunities in the wind and solar segments, positioning the company for sustained future growth.”

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