EPACK FY26 Net Profit Falls 94% to ₹33 Mn
EPACK Durable Limited announced its financial results for FY26, reporting a net profit of ₹33 Mn, a 94% decrease from the previous year. Q4 profit plunged 99.9% to ₹0.24 Mn due to a PLI reversal, while annual revenue declined 12.7% to ₹18,945 Mn. The Components and SDA segments grew significantly, offsetting declines in the RAC segment.
*this image is generated using AI for illustrative purposes only.
EPACK Durable Limited has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a net profit of ₹0.24 Mn for Q4 FY26, a significant decrease of 99.9% from ₹377 Mn in Q4 FY25. This decline was attributed to a one-time reversal of Production Linked Incentive (PLI) income amounting to ₹324.20 Mn during the quarter.
The total operating revenue for Q4 FY26 stood at ₹5,910 Mn, a decrease of 8.1% compared to ₹6,432 Mn in the corresponding quarter of the previous year. EBITDA for the quarter fell by 64.2% YoY to ₹258 Mn, with EBITDA margins contracting to 4.37%. The company noted that FY26 was a transition year impacted by weather-led demand disruption and GST rationalization.
For the full financial year FY26, the company reported a total income of ₹19,107 Mn. The operating revenue for the year was ₹18,945 Mn, a decline of 12.7% YoY. The net profit for the year was ₹33 Mn, down 94.0% from ₹551 Mn in FY25. The diluted EPS for FY26 was ₹0.34, compared to ₹5.75 in the previous year.
Segment-wise performance showed a divergence. The Room Air Conditioner (RAC) segment revenue decreased by 33.2% YoY to ₹10,461 Mn. In contrast, the Small Domestic Appliances & Large Domestic Appliances (SDA & LDA) segment grew by 34.8% YoY to ₹3,889 Mn. The Components business demonstrated strong growth, scaling by 102.8% YoY to reach ₹3,663 Mn.
The company recognized an incentive income of ₹217.74 Mn under the Rajasthan State Incentive scheme during the quarter. Additionally, strategic capital investments totaling ₹2,971 Mn were made during FY26 across various manufacturing locations, including Dehradun, Bhiwadi, and Sri City. The management remains optimistic about the medium-term growth trajectory, supported by improved summer conditions and normalized inventory levels.
Financial Performance Summary
| Particulars (INR Mn) | Q4 FY26 | Q4 FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Operating Revenue | 5,910 | 6,432 | (8.1%) | 18,945 | 21,709 | (12.7%) |
| EBITDA | 258 | 721 | (64.2%) | 1,139 | 1,576 | (27.7%) |
| Profit After Tax | 0.24 | 377 | (99.9%) | 33 | 551 | (94.0%) |
Segment Revenue FY26
| Product (INR Mn) | FY26 | FY25 | YoY |
|---|---|---|---|
| AC | 10,461 | 15,663 | (33.2%) |
| SDA & LDA | 3,889 | 2,885 | 34.8% |
| Components | 3,663 | 1,807 | 102.7% |
| Others | 932 | 1,354 | (31.2%) |
| Total Operating Revenue | 18,945 | 21,709 | (12.7%) |
Historical Stock Returns for Epack Durable
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.62% | +6.32% | +4.64% | -2.85% | -30.05% | +23.05% |
Will EPACK Durable be able to recover its PLI eligibility in future quarters, and what steps is the company taking to ensure compliance with PLI scheme requirements?
Given the Components segment's 102.8% YoY growth, could this business vertical become EPACK's primary revenue driver, potentially reducing its dependence on the volatile RAC segment?
How will the ₹2,971 Mn capital investments across Dehradun, Bhiwadi, and Sri City translate into capacity utilization and revenue growth in FY27, especially if summer demand normalizes?
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