Spectrum Electrical Industries' Q2 FY 2025-26 Quarterly Results

Result Summary

• Spectrum Electrical Industries Ltd reported a 36.9% 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 38.3%.
• Its expenses for the quarter were up by 33.0% QoQ and 37.5% YoY.
• The net profit increased 38.7% QoQ and decreased 477.3% YoY.
• The earnings per share (EPS) of Spectrum Electrical Industries Ltd stood at 4.93 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

Spectrum Electrical Industries Ltd is a company engaged in the electrical manufacturing sector, primarily focused on producing a range of electrical components and systems. The company operates within the broader electrical industry, which encompasses the production, distribution, and sale of electrical equipment. As of the data available up to October 2023, there are no specific recent major developments or changes in the company's strategic direction or product offerings that can be highlighted. The company's focus remains on innovation and efficiency in electrical manufacturing.

Revenue

For the second quarter of fiscal year 2026 (Q2FY26), Spectrum Electrical Industries Ltd reported a total income of ₹119.85 crores. This represents a quarter-over-quarter (QoQ) increase of 36.9% compared to ₹87.54 crores in the first quarter of fiscal year 2026 (Q1FY26). On a year-over-year (YoY) basis, total income increased by 38.3% from ₹86.66 crores in the second quarter of fiscal year 2025 (Q2FY25). The substantial growth in revenue over both periods indicates a strong upward trajectory in the company's income generation capabilities.

Profitability

The company's profitability saw significant changes in Q2FY26. The profit before tax was ₹11.85 crores, which marks an 86.9% QoQ increase from ₹6.34 crores in Q1FY26. Compared to the same quarter in the previous year, where profit before tax was ₹8.15 crores, there is a 45.4% YoY growth. The tax expense for Q2FY26 was notably higher at ₹4.04 crores, representing a 469.0% QoQ increase from ₹0.71 crores in Q1FY26 and a 267.3% YoY increase from ₹1.10 crores in Q2FY25. The profit after tax for Q2FY26 stands at ₹7.81 crores, reflecting a 38.7% QoQ increase from ₹5.63 crores in Q1FY26. The company had experienced a loss in Q2FY25 with a profit after tax of -₹2.07 crores, indicating a significant recovery in profitability within the year.

Operating Metrics

Spectrum Electrical Industries Ltd's earnings per share (EPS) for Q2FY26 was ₹4.93, showing a 36.2% QoQ increase from ₹3.62 in Q1FY26. There is no available YoY comparison for EPS from Q2FY25 as the EPS was zero during that period. The total expenses for the second quarter of fiscal year 2026 were ₹107.99 crores, which represents a 33.0% QoQ increase from ₹81.20 crores in Q1FY26. Compared to the same quarter last year, expenses increased by 37.5% from ₹78.52 crores. This reflects a notable rise in operational costs alongside the increase in total income. The financial data indicates substantial movements in both income and expenses, affecting the company's overall financial performance.