**1. Business Performance:** SPEL reported a strong H1 FY26, with consolidated total income up 28.58% YoY and net profit soaring 31.98% to ₹9.41 Cr.

Expanded across South India, entered Telangana, and diversified into the steel sector. #Earnings **2. Growth Drivers or Strategy:** A ₹95-100 Cr expansion will increase manufacturing capacity from 2,500 MVA to 9,000 MVA/year by Jan 2026, targeting ₹500-550 Cr revenue at full capacity.

Customer diversification also sees 74% of FY25 revenue from private tenders. #GrowthStrategy **3. Recent Developments:** In H1, SPEL secured 14 domestic orders totaling ₹175.61 Cr, boosting its order book to ₹230 Cr.

Key wins include a record ₹60.90 Cr order from NLC India and new vendor approval from the Kerala State Electricity Board. #OrderBook **4. Key Financial Metrics:** Consolidated H1 FY26: Total Income ₹75.36 Cr, Net Profit ₹9.41 Cr, EPS ₹3.76, EBITDA ₹14.27 Cr. **5. Management Commentary / Outlook:** Management is optimistic for sustained growth, citing a robust order book, expanding product lines, and healthy demand.

SPEL aims to capitalize on booming solar/wind energy sectors. #FutureReady