S & S Power Switchgear's Q2 FY 2025-26 Quarterly Results

Result Summary

• S & S Power Switchgear Ltd reported a 1.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.3%.
• Its expenses for the quarter were up by 11.4% QoQ and 26.0% YoY.
• The net profit increased 65.5% QoQ and decreased 23.7% YoY.
• The earnings per share (EPS) of S & S Power Switchgear Ltd stood at 2.38 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

S & S Power Switchgear Ltd is a company involved in the design, manufacture, and supply of switchgear and power distribution equipment. The company operates primarily in the electrical industry, providing essential components for power systems, which are crucial for ensuring the safety and efficiency of electrical distribution. S & S Power Switchgear Ltd's product offerings typically include circuit breakers, switchboards, and related components, which are vital for controlling, protecting, and isolating electrical equipment. As of the latest information available up to October 2023, there are no major developments reported for the company. The company continues to serve a diverse range of industries, including utilities, infrastructure, and industrial sectors, although specific recent advancements or strategic shifts are not detailed in the provided data.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), S & S Power Switchgear Ltd reported a total income of ₹61.07 crores. This represents a quarter-over-quarter (QoQ) increase of 1.1% from ₹60.41 crores in Q1FY26. When compared to the second quarter of the previous fiscal year (Q2FY25), there is a year-over-year (YoY) growth of 10.3%, up from ₹55.38 crores. This steady growth in total income over both quarters and years reflects the company's revenue-generating capabilities during the period in question. The increase in total income over the past year indicates a positive trend in top-line performance, showing that the company has been able to enhance its revenue streams effectively over time.

Profitability

The profitability metrics for S & S Power Switchgear Ltd in Q2FY26 reveal a mixed performance. The company reported a profit after tax (PAT) of ₹2.93 crores, a significant quarter-over-quarter (QoQ) increase of 65.5% from ₹1.77 crores in Q1FY26. However, this marks a decline of 23.7% year-over-year (YoY) compared to ₹3.84 crores in Q2FY25. The profit before tax (PBT) turned negative in Q2FY26, recording a loss of ₹3.33 crores, down from a profit of ₹2.62 crores in the previous quarter (Q1FY26) and ₹4.26 crores in Q2FY25. The tax expense for Q2FY26 was reported as a negative figure at -₹6.26 crores, which contrasts sharply with the positive tax figures of ₹0.85 crores in Q1FY26 and ₹0.42 crores in Q2FY25. Consequently, the earnings per share (EPS) for Q2FY26 stood at ₹2.38, representing a QoQ growth of 66.4% but a YoY decline of 23.5%.

Operating Metrics

The total expenses for S & S Power Switchgear Ltd in Q2FY26 were ₹64.40 crores, illustrating a quarter-over-quarter (QoQ) increase of 11.4% from ₹57.79 crores in Q1FY26 and a year-over-year (YoY) increase of 26.0% from ₹51.11 crores in Q2FY25. This rise in expenses outpaced the growth in total income both QoQ and YoY, which has impacted the company's overall profitability. The financial data indicates significant fluctuations, especially in the tax figures, where a negative tax expense contributed to the PAT despite a loss before tax. Such discrepancies in tax reporting can affect the interpretation of the company's financial health. The earnings per share (EPS) grew QoQ but decreased YoY, reflecting changes in the company's net income relative to its outstanding shares.