Rajesh Power Services has set an FY27 revenue target of approximately Rs 150 crore for its HKRP division alongside a projected 20% PAT margin. Management outlined these strategic growth objectives during a recent conference call focusing on power infrastructure execution.
Key Financial and Operational Metrics
The company provided specific financial projections and operational scopes during the investor update.
- Revenue target: Rs 150 crore for FY27.
- PAT margin expectation: 20% in FY27.
- Current project execution value: Rs 100 crore to Rs 150 crore.
- Pan-India addressable market: Over Rs 3,000 crore.
The HKRP division is actively executing smart-grid projects across Gujarat for three major state distribution utilities. These ongoing deployments involve supervisory control and data acquisition systems, distribution management systems, and greenfield command-and-control centers.
Execution and Broader Market Opportunity
Current operations are being handled under the Revamped Distribution Sector Scheme framework for utilities UGVCL, DGVCL, and PGVCL. Management noted that while active contract values range between Rs 100 crore and Rs 150 crore, yearly revenue realization depends strictly on execution pace. Looking outward, the firm estimates an addressable market exceeding Rs 3,000 crore across India for smart feeder monitoring systems and SCADA categories, with individual state tenders typically valued between Rs 100 crore and Rs 150 crore.