# Accord Transformer & Switchgear H1FY27 Net Profit Rises 238% to ₹422.62 Lakh on ₹5,268.22 Lakh Revenue > Accord Transformer & Switchgear posted H1FY27 net profit of ₹422.62 lakh, up 238% year on year, as revenue reached ₹5,268.22 lakh and IPO proceeds were partly used. - Published: 2026-11-14T17:38:02+00:00 - Section: Earnings & Results - Author: News Desk - URL: https://newsforagent.com/news/2026-11-14/accord-transformer-h1fy27-net-profit - Source: [ScanX](https://scanx.trade/stock-market-news/companies/accord-transformer-h1fy27-results-net-profit-up-238-yoy-422-62-lakh/56222263) ## Key takeaways - Accord Transformer & Switchgear reported H1FY27 net profit of ₹422.62 lakh, up from ₹125.09 lakh a year earlier. - Revenue from operations rose to ₹5,268.22 lakh in H1FY27 from ₹2,771.56 lakh in H1FY26. - Of ₹2,558.52 lakh in IPO proceeds, ₹1,188.65 lakh was utilised and ₹1,369.87 lakh remained unutilised as on September 30, 2026. [Accord Transformer & Switchgear](https://akta.pro/company-profiles/00q1zfk/accord-transformer-switchgear) reported net profit of ₹422.62 lakh for the half year ended September 30, 2026, up 238% from ₹125.09 lakh a year earlier, with revenue from operations of ₹5,268.22 lakh. The board approved the unaudited standalone results on November 14, 2026, [ScanX](https://scanx.trade/stock-market-news/companies/accord-transformer-h1fy27-results-net-profit-up-238-yoy-422-62-lakh/56222263) reported. ## Accord Transformer's H1FY27 Profit and Revenue Revenue from operations rose to ₹5,268.22 lakh in H1FY27 from ₹2,771.56 lakh in H1FY26 and ₹4,235.36 lakh in H2FY26. Total revenue, including other income of ₹32.01 lakh, stood at ₹5,300.23 lakh. Profit before tax was ₹570.81 lakh, against ₹168.25 lakh a year earlier, and basic and diluted earnings per share were ₹2.05 each, compared with ₹0.87. Total expenses for the half year were ₹4,729.42 lakh, including raw material consumption of ₹4,103.83 lakh, employee benefit expenses of ₹328.01 lakh and direct expenses of ₹239.07 lakh. Finance costs fell to ₹15.58 lakh from ₹32.42 lakh in H1FY26, while depreciation and amortisation rose to ₹34.86 lakh from ₹29.08 lakh. Total assets stood at ₹8,977.77 lakh as on September 30, 2026, up from ₹8,365.58 lakh as on March 31, 2026, and shareholders' funds increased to ₹5,309.47 lakh from ₹4,886.85 lakh. Capital work-in-progress rose to ₹1,169.18 lakh from nil, and trade receivables expanded to ₹2,420.38 lakh from ₹1,501.48 lakh. ## How Accord Transformer Used Its IPO Proceeds Accord Transformer & Switchgear is an India-based manufacturer of power and distribution transformers, switchgear, substations and HT/LT panels serving utilities, industrial, infrastructure and renewable energy customers, according to akta.pro [company records](https://akta.pro/company-data). The same records show total income of ₹79.20 crore for FY 2025, up 62.81% year-over-year, and profit after tax of ₹6.05 crore for that year. The company raised ₹2,558.52 lakh through its Initial Public Offer of fresh equity shares at ₹46 per share, including a premium of ₹36 per share, and its shares listed on the BSE Emerge platform on March 2, 2026. As on September 30, 2026, ₹1,188.65 lakh of the proceeds had been utilised and ₹1,369.87 lakh remained unutilised. Of the unutilised amount, ₹1,300.00 lakh is invested in fixed deposits with HDFC Bank and ₹69.87 lakh is held in the company's public issue account with HDFC Bank. The board on September 3, 2026 approved reallocating ₹700.00 lakh from the machinery and equipment capex allocation to construction of building and civil structure and expansion of plant capacity, and shareholders approved the variation through a special resolution at the Annual General Meeting held on September 26, 2026. ## Accord Transformer's Order Book Before the Results On October 5, 2026, ScanX reported that Accord Transformer & Switchgear's H1FY27 revenue was ₹52.68 crore, up 90.07% year-on-year, with an order book of ₹173 crore as of September 30, 2026 and ₹77 crore in new orders secured across solar and wind segments. At its 12th AGM on September 26, 2026, shareholders approved the ATSL ESOP 2026 plan and FY26 audited financials and re-appointed Mrs. Shalini Singh as Whole-Time Director, ScanX reported. ScanX also reported on September 7, 2026 that the company's FY26 revenue was ₹70.07 crore, down 11% from ₹79.02 crore, with profit after tax of ₹4.50 crore. ## What Accord Transformer Disclosed on Capacity The results recorded capital work-in-progress of ₹1,169.18 lakh as on September 30, 2026, against nil as on March 31, 2026, alongside the ₹700.00 lakh reallocated to construction and plant capacity expansion. The company's [own announcement](https://atsgroup.in) of the half-year figures accompanied the board meeting held on November 14, 2026, which ran from 4:00 pm to 4:18 pm. ## Companies in this story - [Accord Transformer & Switchgear company profile](https://akta.pro/company-profiles/00q1zfk/accord-transformer-switchgear) · website: https://atsgroup.in --- News for Agent · https://newsforagent.com/llms.txt