Atlanta Electricals shares hit 5% upper circuit for 2nd day straight after firm secures ₹285 crore supply order

Atlanta Electricals' shares surged to hit their upper circuit for the second consecutive trading session during the intraday market hours on Thursday, June 4, due to the value buying momentum after the company secured a ₹285 crore supply order.

After the stock markets opened on Thursday, the electrical equipment maker's shares surged 5% to hit the intraday high of ₹2,152.60, compared to the previous market close of ₹2,050.10, according to NSE data.

On the evening of June 3, Atlanta Electricals announced that they had secured a power transformer supply order worth around ₹285 crore received from the Punjab State Transmission Corporation Limited (PSTCL), according to an exchange filing.

₹285 crore supply order details

As per the NSE filing, Atlanta Electricals received a letter of award from Punjab State Transmission Corp. to supply 23 power transformers, which are equipped with a capacity of 160 megavolt-ampere (MVA) and 220/66 kV.

These power transformers will also be equipped with “Nitrogen Injection Fire Prevention and Extinguishing System (NIFPES) and optional spares.”

With the total order value at ₹285.15 crore, including the applicable taxes, the company will earn ₹284.51 crore from the power transformer sales and ₹63.66 lakh from the operational spare parts sales.

“Our longstanding association with PSTCL is a proof of our ability to consistently meet technical and operational requirements, and this order will further strengthen our presence in the state while supporting capacity utilisation across our manufacturing facilities,” said Niral Patel, chairman and managing director of Atlanta Electricals.

Since the trade relationship was established with PSTCL back in 2018, the company has supplied 200 transformers with an aggregate capacity of 5,000 MVA across the state of Punjab.

What does Atlanta Electricals do?

Gujarat-based Atlanta Electricals is a manufacturer and supplier of a wide range of power transformers, including auto transformers, inverter duty transformers, and furnace transformers, among others.

The latest round of financial statements for the March quarter of the year ended 2025-26 showed that the company’s consolidated profit after tax (PAT) rose 128% to ₹102 crore, from ₹44.65 crore in the same period a year ago.

Atlanta Electricals’ operational level EBITDA (earnings before interest, tax, depreciation, and amortisation) advanced 117% to ₹149 crore, from ₹68.63 crore a year earlier, while the EBITDA margin expanded to 20%, from 16.68% YoY.

The company also recorded a healthy 81% revenue rise to around ₹747 crore in the fourth quarter, compared with ₹411 crore in the same period a year ago.

How have Atlanta Electricals' shares performed?

As of 10:49 am, Atlanta Electricals’ shares were trading 4.5% higher at ₹2,143 on Thursday, compared to ₹2,050.10 at the previous market close, according to NSE data.

So far in 2026, the company’s stock has delivered investors more than 140% returns on their investment, and the shares have risen 29% in the past one month period, as per the exchange data.

Atlanta Electricals shares were trading 14.60% higher over the last five trading sessions on the stock market.

The company’s market capitalisation (m-cap) was at ₹16,429 crore as of the trading session on Thursday, June 4.