Synergy Green Industries' H1 FY26 total income dipped slightly to ₹159.75 Cr (-4.9% YoY), mainly due to lower domestic wind and OEM export schedules.
Despite this, PBDIT grew 4.8% to ₹24.86 Cr, with margins expanding by 143 bps to 15.56%. Profit after tax was ₹5.74 Cr (-19% YoY). Capacity utilization remained high at 89%, with growth in Direct Exports, Gearbox, and Non-Wind segments.
The company is strategically positioned to capitalize on the high-growth renewables sector, driven by India's ambitious clean energy targets.
Foundry capacity is expanding from 30,000 to 45,000 MTPA by Q3 FY26, alongside new in-house machining facilities opening in phases.
Captive renewable power has increased to 10 MW, and product developments for new clients are on track.
Management has a strong full-year outlook, projecting ~20% order book growth and a further 100 bps expansion in PBDIT margins.
Long-term plans include potentially exceeding 100,000 MT capacity within 3-4 years.
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