ALFA Finder
The call ran from 11:01 AM to 11:56 AM IST (55 min).
Key takeaways
Laser Power enters high-voltage transmission with key orders from Power Grid and CESC, though heavy rains delayed EPC execution.
| Revenue growth | ₹628 Cr, 2.1% YoY; manufacturing drove growth while EPC lagged weather-wise. |
|---|---|
| Margins | EBITDA margin 12.1% vs 13% YoY; H2 target 12.5-13%. |
| Order book | ₹2,543 Cr; roughly 1:1 split between manufacturing and EPC segments. |
| Demand visibility | Strong; driven by India's grid modernization and renewable energy capacity expansion. |
| Management confidence | Confident; pivoting from distribution grade products to specialized high-voltage transmission. |
Growth
Manufacturing revenue surged 29.9% YoY on high activity; total Q2 revenue grew 2.1% YoY to ₹628 Cr.
Outlook
EBITDA margins expected to stabilize at 12.5-13% in H2 FY27; ₹100 Cr deferred EPC revenue to recover.
Risks
EPC execution volatility due to weather; inventory levels temporarily elevated due to delayed project certification.
Last quarter's promises, checked
Delivered
- Repay ₹490 Cr debt via IPO → repaid ₹490 Cr in Q2 (= BEAT)
- Mfg revenue 'broadly stable' (Q1 ₹382 Cr) → +30% YoY (= BEAT)
Partly delivered
- ₹1,250 Cr HTLS bids, margin uplift 'next few quarters' → first Power Grid order, value undisclosed (= PARTIAL)
- ~₹40 Cr/yr interest saving → finance cost not disclosed; Q2 PAT ₹31 Cr vs Q1 ₹21 Cr (= PARTIAL)
- ₹90 Cr FG/WIP spike to 'gradually moderate' → inventory still elevated on delayed certification (= PARTIAL)
Missed
- Revenue growth 15–16% (5-yr CAGR basis) → +2.1% YoY to ₹628 Cr (= MISS)
- ₹800 Cr projects to convert to revenue → EPC −51% YoY, ₹100 Cr deferred (= MISS)
- EBITDA margin 'remain stable' (Q1 12.6%) → 12.1% vs 13% YoY (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Laser Power and Infra Q2 FY27 Results: Net Profit ₹30.2 Cr, Down 5.0% YoY
Laser Power and Infra Ltd reported revenue from operations of ₹628.2 Cr (+2.1% YoY) and net profit of ₹30.2 Cr (-5.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹30.2 Cr · -5.0% YoY
Call details
| Company | Laser Power & Infra Ltd |
|---|---|
| NSE symbol | LASERPOWER |
| ISIN | INE17IR01028 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 11:00 AM IST |
| Length | 55 min |
| Audio | Our stream on YouTube ↗ |
Laser Power & Infra Ltd: key numbers
- Share price
- ₹211.70
- Market cap
- ₹2,972 Cr
- Revenue (annual)
- ₹2,326 Cr
- Net profit (annual)
- ₹151.6 Cr
- Promoter holding
- 75.30%
- FII holding
- 2.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Other calls on Fri, 13 Nov
Today's concalls →
