Bikewo Green Tech FY26 net profit rises 403% to ₹331.21 lakh
Bikewo Green Tech Limited reported a 403% rise in net profit to ₹331.21 lakh for FY26, with revenue from operations growing to ₹5,448.99 lakh. The company capitalized ₹954.82 lakh of work-in-progress and invested in Mear Logistics LLP. IPO proceeds were largely utilized for vehicle purchase, dealership setup, and debt repayment, with ₹1.97 lakh remaining in an escrow account.
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Bikewo Green Tech Limited reported a net profit of ₹331.21 lakh for the financial year ended March 31, 2026, marking a 403% increase compared to ₹65.78 lakh in the previous year. Revenue from operations surged to ₹5,448.99 lakh from ₹2,351.96 lakh in FY25, driven by the trading of electric vehicles and the commencement of logistics and mobility services. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026.
The company’s total income for FY26 stood at ₹5,450.05 lakh, up from ₹2,363.17 lakh in the prior year. Total expenses increased to ₹4,996.70 lakh from ₹2,275.16 lakh, attributed to higher operating costs and inventory changes. Earnings per share (EPS) for the year improved to ₹2.54 from ₹0.59 in FY25. The statutory auditors, N G Rao & Associates, issued an unmodified opinion on the financial results, confirming compliance with Indian Accounting Standards and SEBI regulations.
Financial Performance
The standalone profit and loss statement highlights a robust growth in operational scale. Operating expenses rose to ₹4,380.16 lakh, while employee benefit expenses increased to ₹157.89 lakh. The company capitalized capital work-in-progress of ₹954.82 lakh under other intangible assets during the year, as the related projects were completed.
| Metric | FY26 (₹ in lakh) | FY25 (₹ in lakh) |
|---|---|---|
| Revenue from operations | 5,448.99 | 2,351.96 |
| Total income | 5,450.05 | 2,363.17 |
| Total expenses | 4,996.70 | 2,275.16 |
| Net profit | 331.21 | 65.78 |
| Basic EPS | 2.54 | 0.59 |
Consolidated Results and Investments
On a consolidated basis, the company reported a net profit of ₹327.48 lakh for FY26, compared to ₹65.78 lakh in the previous year. The results include the financials of Mear Logistics LLP, which became an associate during the year. Bikewo Green Tech invested ₹10.20 lakh in the LLP for a 33% profit-sharing ratio. The associate reported a total net loss of ₹11.32 lakh for the year ended March 31, 2026.
Assets and Liabilities
The total assets of the company stood at ₹5,087.65 lakh as of March 31, 2026, up from ₹4,076.38 lakh in the previous year. Equity and liabilities increased to ₹5,087.65 lakh, with equity share capital remaining constant at ₹1,304.33 lakh. Borrowings rose significantly, with long-term borrowings at ₹149.52 lakh and short-term borrowings at ₹465.66 lakh.
Fund Utilization
The company confirmed that ₹2,407.35 lakh out of the gross IPO proceeds of ₹2,409.32 lakh has been utilized as per the objects stated in the prospectus. Unspent IPO proceeds of ₹1.97 lakh are maintained in an escrow account with Axis Bank. Funds were primarily used for purchasing electric vehicles, setting up dealerships, repaying borrowings, and general corporate purposes.
Historical Stock Returns for Bikewo Green Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.49% | +5.01% | +16.20% | +36.93% | +51.39% | -42.33% |
How will the company manage the significant rise in operating expenses relative to revenue growth to maintain profitability margins?
What strategic measures will be taken to turn around the financial performance of the loss-making associate, Mear Logistics LLP?
With borrowings increasing substantially, does the company plan to raise additional capital or rely on internal accruals for future expansion?
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