Mumbai, November 02, 2026: Shera Energy Limited (NSE: SHERA), an integrated non-ferrous metals manufacturer of winding wires, conductors and value-added copper, aluminium and brass products for the power, renewables, mobility and industrial sectors announced its financial results for the quarter and half year ended September 30, 2026.
· Consolidated revenue from operations stood at ₹1047.40 crore for H1FY27, up 34.2% YoY, reflecting robust business momentum.
· EBITDA stood at ₹ 70.78 crore with a margin of 6.76% for H1FY27, a YoY change of 70.9% on the back of continued operational efficiency.
· Profit after tax for the half year was ₹ 30.77 crore with a margin of 2.94%, reflecting a YoY change of 102.3% reflecting consistent earnings performance.
Key Business and Strategic Updates:
1. Project Execution Updates
• Zambia Copper Cathode Facility: The copper cathode facility of Shera Zambia Limited (99.50% subsidiary) in Zambia’s Copperbelt, with Phase 1 capacity of 1,200 MT per annum is in the pilot stage. The first trial batch of 8.6 MT of 99.99% purity cathode has been produced and sold. The commercial operations are expected to commence by Q4FY27
• Value-Added Products: The new facility at Shera Metal Private Limited for super-fine enamelled wires, PV ribbon wires and busbars are in commercial production. CTC conductor trials are complete, with initial commercial orders executed; full-scale commercial production is expected by the end of the year
• Rajputana Industries: The newly added 2,400 MTPA nickel-iron alloy capacity and 36,000 km per annum cable and conductor capacity at Reengus have commenced commercial production
2. Capital Raise & Credit Rating: The Company allotted 45,00,000 convertible warrants at ₹118 each on a preferential basis on July 14, 2026, with an aggregate issue size of ₹53.10 crore. The credit rating was upgraded to ACUITE A- / Stable (long term) and ACUITE A2+ (short term) on July 15, 2026.
Key Industry & Regulatory Updates:
· Power sector capex remains strong, with ₹9.15 lakh crore planned under the National Electricity Plan (2023–32) and transformer capacity set to rise from 1,478 GVA to 2,345 GVA by 2032, supporting copper and aluminium winding wire demand.
· The ₹3.03 lakh crore RDSS programme continues to drive grid modernisation and replacement of ageing distribution transformers.
· With India importing over 90% of its copper concentrate, nil customs duty on copper scrap and the National Critical Mineral Mission support domestic recycling and integrated producers.
· Renewable energy and e-mobility add further demand for winding wires and PV ribbons, with EV sales up ~25% YoY in FY26 and domestic solar cell capacity scaling up.
The industry backdrop makes this growth favourable. India is in the middle of a large electrification build-out, with sustained investment in power transmission, a steady expansion of transformer capacity, and renewables and electric mobility adding fresh demand every year. Each of these runs on copper and aluminium winding wires and conductors.Commenting on the results, Mr. Shaikh Naseem, Chairman & Managing Director, said: “H1FY27 marks a landmark first half in Shera’s journey. We delivered the highest half yearly revenue in our history at ₹ 1047.4 crore on a consolidated basis, up 34.2% YoY. EBITDA stood at ₹ 70.78 crore and PAT at ₹ 30.77 crore. This was driven by robust, broad-based demand from transformer and power equipment manufacturers.
