Key Board Decisions
1. Audited Financial Results: Approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, including the Statement of Assets and Liabilities and Cash Flow Statement pursuant to Regulation 33 of Listing Regulations. Auditor's report with unmodified opinion was issued.
2. Re-appointment of Internal Auditor: Based on Audit Committee recommendation, re-appointed M/s Mukesh M. Chokshi & Co, Chartered Accountants (Firm Registration No.: 131513W) as Internal Auditor for FY 2026-27 pursuant to Section 138 of Companies Act, 2013.
Financial Performance Highlights (Standalone - Rs. in lakhs)
Quarter Ended March 31, 2026:
- Revenue from Operations: 185.93
- Other Income: 0.26
- Total Revenue: 186.19
- Total Expenses: 154.05
- Profit Before Tax: 32.14
- Tax Expense: 0.06 (Deferred Tax)
- Net Profit: 32.20
- Basic & Diluted EPS: ₹0.45
Financial Year Ended March 31, 2026:
- Revenue from Operations: 447.21
- Other Income: 0.41
- Total Revenue: 447.62
- Total Expenses: 375.15
- Profit Before Tax: 72.47
- Tax Expense: 0.20 (Deferred Tax)
- Net Profit: 72.67
- Basic & Diluted EPS: ₹1.01
Previous Year Comparison (FY25):
- Net Profit: 131.73
- Basic & Diluted EPS: ₹1.83
Balance Sheet Highlights (Standalone - As at March 31, 2026)
- Total Assets: 1,660.01
- Non-current Assets: 1,068.00 (including Property, Plant and Equipment: 122.22, Financial Assets: 492.34, Other non-current assets: 43.02)
- Current Assets: 592.01 (including Inventories: 17.86, Trade Receivables: 176.20, Cash and Cash Equivalents: 15.90)
- Total Equity: 1,351.89 (Equity Share Capital: 721.15, Other Equity: 475.00, Reserves: 155.74)
- Current Liabilities: 308.12 (Trade Payables: 178.12, Other Financial Liabilities: 119.36, Other Current Liabilities: 10.64)
Segment-wise Performance (Standalone)
Revenue (FY26):
- Power Saving Solutions: 66.91
- Renewable Energy Solutions: 377.56
- EV Charging Infrastructure: 2.74
- Unallocated: 0.41
- Total: 447.62
Profit Before Tax (FY26):
- Power Saving Solutions: 0.79
- Renewable Energy Solutions: 70.06
- EV Charging Infrastructure: 1.21
- Unallocated: 0.41
- Total: 72.47
Consolidated Financial Performance (Rs. in lakhs)
FY26 Consolidated:
- Revenue from Operations: 486.74
- Other Income: 0.41
- Total Revenue: 487.15
- Total Expenses: 417.80
- Profit Before Tax: 69.35
- Net Profit: 69.43
- Basic & Diluted EPS: ₹0.96
Entities Included in Consolidation:
1. EPIC Energy Limited (Parent)
2. EPIC EV Chargers Pvt Ltd (76% subsidiary)
3. Swachchha Urja Nirman LLP (Joint Venture, 60% holding)
4. Solapur Green Park Private Limited (99.99% subsidiary)
5. Epic Renewable Projects Private Limited (99.99% subsidiary)
6. Epic Renewable Energy Turnkey Projects Private Limited (99.99% subsidiary)
7. Epic Vighnaharta Renewable Energy Private Limited (99.99% subsidiary)
Cash Flow Statements
Standalone Cash Flows (FY26):
- Net Cash from Operating Activities: 46.71
- Net Cash Used in Investing Activities: (521.03)
- Net Cash from Financing Activities: 475.00 (from share warrants)
- Net Increase in Cash: 0.68
Consolidated Cash Flows (FY26):
- Net Cash from Operating Activities: 160.40
- Net Cash Used in Investing Activities: (628.08)
- Net Cash from Financing Activities: 570.72 (from share warrants)
- Net Increase in Cash: 103.04
Business Updates and Project Pipeline
1. Current Business: Sustainable Energy Solutions including Rooftop Solar Power Plants, Solar EPC, Energy Audits, EV Charging infrastructure, and LED retrofitting.
2. Projects Under Implementation:
- Solar Energy Generation: 1.3 MWp in Maharashtra (Group Captive Open Access) and 3.5 MWp in Gujarat (DREBP). Both expected commissioning by end of Q2 FY27.
- Battery Recycling Project: 8 TPD capacity at Wada, Maharashtra with Second Life Battery Assembly Line of 10 MWh per month. Partial commissioning expected in July 2026, with revenues expected from Q3 FY27.
- The battery recycling SPV is one of 58 companies approved by Government of India under the National Critical Minerals Mission.