Chamunda Electrical Limited — Investor Meet, 16-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Chamunda Electrical Ltd reported H2 & FY ’25 revenue of ~INR25 Cr, up 26% YoY, with PAT margin improving to 13.27%. The order book stands at INR64 Cr, spread over 3 years. Management targets FY ’26 revenue of ~INR31-33 Cr and FY ’27 around INR38 Cr, driven by 20% growth in O&M and 25-30% in testing after NABL certification by Dec ’25. Solar capacity will rise to 1.7 MW in FY ’26 and 4 MW by FY ’27. EBITDA margins hold near 25%, with stable margins expected. The company is debt-free, having used IPO proceeds for working capital, debt repayment, and ~INR12-15 Cr capex for solar growth. Management is confident in steady margins and growth from government contracts and diversification.