The Kanohar Electricals share price jumped as much as 20% to ₹1,131 on 7 October 2026, a day after the transformer maker reported its first results since listing. Quarterly profit after tax rose nearly 142% to ₹27.3 crore. The IPO price was ₹632, so the day's high was about 79% above it.
What did the company report for the June quarter?
These are the April to June 2026 figures, announced after market hours on 6 October, as reported by CNBC-TV18.
| Item | Q1 FY27 | Change on a year ago |
|---|---|---|
| Revenue from operations | ₹137 crore | Up 103% |
| EBITDA | ₹38.84 crore | Up 152% |
| EBITDA margin | 28.35% | 22.91% a year ago |
| Profit after tax | ₹27.3 crore | Up nearly 142% |
The company says the margin gain came from higher manufacturing and a better product mix. More of its sales came from the 400 kilovolt (kV) segment, which spreads fixed costs over more output.
How big is the order book?
Kanohar added orders of about ₹332.3 crore in the quarter. Its outstanding order book is now ₹2,026 crore, to be executed over the next 18 to 24 months. A year ago it was ₹1,818 crore, so it is up around 11%.
Whole-Time Director Abhishek Singhal said the company is focused on its 400 kV orders and is working to add orders in the 765 kV segment, where it has built manufacturing capacity. For FY27 it is targeting revenue of ₹950 crore, with an EBITDA margin similar to FY26. That is a company target, not a forecast from us.
Where is the stock against its IPO?
The Kanohar Electricals IPO was a ₹1,055.74 crore issue, a mix of fresh shares and an offer for sale, subscribed 90.59x at the close. Shares listed on 16 September at ₹685.50, 8.47% above the issue price. Our tracker showed a grey market premium of ₹190 (30.06%) that morning, so the grey market had pointed to a much higher open. GMP is an unofficial dealer quote, not an exchange price.
| Marker | Price | Intraday high vs marker |
|---|---|---|
| IPO price | ₹632 | About 79% above |
| Listing price, 16 September | ₹685.50 | About 65% above |
| Intraday high, 7 October | ₹1,131 | Not applicable |
By around midday the stock was at ₹1,089.95, up 15.6% on the day, which is about 72% above the IPO price. Those prices move through the session and will have changed by the time you read this.
For context, our data shows an 8.47% listing gain ranked #46 of 98 mainboard listings this year, and the median gain in 2026 is 7.04%. You can compare other debuts on our IPO performance page.
What happens next
This is the first of the quarterly results the company will publish as a listed firm. Its order execution and the 765 kV orders it is chasing are the points to watch in later quarters. Subscription and allotment details for the issue are on our subscription page. The figures above are from CNBC-TV18's report.
