VADODARA (India CSR): Yash Highvoltage Limited, one of India’s leading manufacturers of condenser-graded high voltage and high current bushings, has announced exceptional financial results for the half-year ended September 30, 2025 (H1 FY26). The company posted robust year-on-year (YoY) growth across key metrics, underscoring its operational strength, strategic capacity expansion, and growing global footprint.
Stellar Financial Performance in H1 FY26
Yash Highvoltage delivered a remarkable 78.55% YoY growth in total revenue, reaching Rs 1,021.79 million in H1 FY26, up from Rs 572.26 million in the same period last year. The company’s EBITDA rose 109.90% to ₹233.06 million, reflecting strong cost management and efficiency improvements. Net profit also surged significantly, with Profit After Tax (PAT) climbing 119.44% to Rs 140.24 million compared to Rs 63.91 million in H1 FY25.
The company’s EBITDA margin improved by 341 basis points to 22.81%, while PAT margin strengthened by 256 basis points to 13.73%. Basic earnings per share (EPS) increased from Rs 2.89 to Rs 4.91, a jump of nearly 70% YoY, signaling enhanced shareholder value.
Key Financial Highlights – Yash Highvoltage Limited (H1 FY26)
| Particulars (₹ Mn) | H1 FY26 | H1 FY25 | YoY Growth (%) | Remarks |
|---|---|---|---|---|
| Total Revenue | 1,021.79 | 572.26 | +78.55% | Driven by strong order inflows from domestic & global power sectors |
| EBITDA | 233.06 | 111.03 | +109.90% | Reflects operational efficiency and cost optimization |
| EBITDA Margin | 22.81% | 19.40% | +341 bps | Improved margins from product diversification and efficiency gains |
| PAT (Profit After Tax) | 140.24 | 63.91 | +119.44% | Highest half-year profit in company’s history |
| PAT Margin | 13.73% | 11.17% | +256 bps | Indicates strong profitability momentum |
| Basic EPS (₹) | 4.91 | 2.89 | +69.96% | Enhanced shareholder value with higher earnings per share |
| Cash Flow Outlook | Strong | Stable | — | Backed by efficient working capital management |
| Future Growth Target | — | — | ~30% CAGR (projected) | Driven by capacity expansion and backward integration |
Operational Excellence and Market Leadership
Yash Highvoltage’s exceptional performance was powered by strong order inflows from domestic and international power and infrastructure sectors, along with improved production efficiencies and product diversification.
The company’s focused manufacturing model, combined with backward integration and an expanding export portfolio, contributed to higher margins and consistent revenue visibility. Its continued investment in automation, quality enhancement, and engineering innovation has helped establish Yash as a preferred partner for global Original Equipment Manufacturers (OEMs) and utilities.
With demand for reliable transformer components rising across energy and infrastructure sectors, Yash Highvoltage is well-positioned to capture opportunities in both Indian and overseas markets.
Strategic Expansion and Growth Outlook
The company is currently undertaking multiple capacity expansion projects aimed at scaling its manufacturing capabilities. These projects, once completed, are expected to drive a compound annual growth rate (CAGR) of about 30% over the next five years.
Management expects strong demand momentum to continue, supported by India’s push toward power infrastructure modernization, renewable energy integration, and global electrification initiatives. Cost efficiencies and operational synergies derived from backward integration will further strengthen profitability in the coming quarters.
Leadership Commentary
Commenting on the results, Keyur Shah, Chairman & Managing Director, Yash Highvoltage, said, “We are proud to report another period of robust financial and operational achievement in H1 FY26. These results not only reflect our ability to deliver sustained growth through execution and innovation, but also reinforce Yash Highvoltage’s position as a sector leader with a growing global footprint. With accelerating demand for reliable power infrastructure, locally and internationally, our capacity expansion and partnerships position us at the forefront of industry transformation. Looking ahead, our commitment to advanced solutions and forward-thinking investments in resources will drive continued value for stakeholders and strengthen our competitive edge in the years to come.”
Building a Future-Ready Power Infrastructure Partner
Founded in 2002 and headquartered in Vadodara, Gujarat, Yash Highvoltage Limited (Yash®) is an ISO 9001 and ISO 14001 certified independent manufacturer specializing in high voltage (HV) and extra high voltage (EHV) condenser-graded transformer bushings, including high current (HC) variants.
With more than 40,000 bushings installed globally, Yash has established itself as a trusted name among utilities, EPCs, and OEMs, known for reliable, customizable, and globally compliant products that meet IEC and IEEE standards.
Since its listing on the BSE SME platform in December 2024, Yash has continued to demonstrate technological excellence, innovation, and manufacturing precision. Its commitment to the vision of “Made in India for the World” aligns with the government’s focus on self-reliance and domestic industrial growth.
Outlook: Sustained Growth and Innovation Ahead
Looking forward, Yash Highvoltage is confident of maintaining its growth trajectory, supported by capacity expansion, product innovation, and a strong order book. The company aims to leverage India’s infrastructure transformation and global demand for high-performance power components to cement its leadership in the HV and EHV bushing market.
With a clear focus on operational excellence, export growth, and customer-centric engineering, Yash Highvoltage is emerging as a benchmark for India’s growing electrical equipment manufacturing sector.
(India CSR)
