Accord Transformer guides ₹120-180 cr revenue for FY27, anchored to a ₹1,600 cr LOI
A 60-80% revenue jump hinges on a single letter of intent for a national EV charging network.
— 2 earlier stories on Accord Transformer & Switchgear Ltd. →What's new
- Management guided for ₹120-180 cr revenue in FY27, a 60-80% increase over FY26.
- The company holds a letter of intent for a national EV charging project worth ₹1,600 cr over 3-4 years.
- Accord signed a strategic MoU with the Moscow region to explore technology exchange and co-manufacturing.
Why this matters
The entire growth outlook is pinned to the execution and timing of one large LOI. The guidance is a fraction of the total project value, but concentration risk is high.
What we're watching
- Conversion of the EV charging LOI into firm, revenue-generating orders.
- Timeline and tangible outcomes from the Moscow region MoU.
- Quarterly revenue recognition to see if it matches the ambitious guide.
The full read
Accord Transformer & Switchgear is guiding for a 60-80% revenue jump in FY27, to ₹120-180 crore. The target is tied to strong order flow and deferred revenue from FY26. The largest piece is a national EV charging infrastructure project for compact substations, valued at about ₹1,600 crore over three to four years. A letter of intent is already in hand. Separately, the company signed an MoU with the Moscow region to explore technology exchange and co-manufacturing, a longer-term play with no attached value. The growth story rests on one major pipeline. The top end of the guidance depends on how quickly the EV project translates into booked revenue in the quarters ahead.
Questions answered
- What is the basis for Accord's FY27 revenue guidance?
- The guidance of ₹120-180 crore is based on strong order flow and the recognition of deferred revenue from the previous year. Management presented this during the June 1, 2026 earnings call.
- What is the status of the ₹1,600 crore EV charging project?
- The company says it has received a letter of intent for a national project to supply compact substations for EV charging infrastructure. The project is valued at approximately ₹1,600 crore over the next three to four years.
- What does the Moscow region MoU entail?
- It is a strategic memorandum of understanding signed to explore two things: technology exchange and potential co-manufacturing of products in India. The filing provides no financial details or binding commitments.
- How does the guided growth compare to the scale of the announced project?
- The ₹1,600 crore project spans three to four years, while the guidance is for one-year revenue of ₹120-180 crore. The guidance is thus a fraction of the total project value, but the project is the primary driver.
Story so far
All notes on ACCORDTS →- 3 Jun 2026 · 2:47 PM IST Accord Transformer guides ₹120-180 cr revenue for FY27, anchored to a ₹1,600 cr LOI
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