Epic Energy Limited reported a 133% year-on-year increase in consolidated revenue to ₹248.93 lakh for the quarter ended June 30, 2026, but saw net profit drop 65% to ₹2.39 lakh. The Board of Directors approved the unaudited financial results on August 11, 2026, under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s statutory auditors, NGST & Associates, conducted a limited review of the financial statements.

Consolidated revenue from operations stood at ₹248.88 lakh, up from ₹106.22 lakh in the corresponding quarter of the previous year. Standalone revenue was ₹243.33 lakh, compared to ₹104.02 lakh in Q1FY26. The growth was primarily fueled by the Renewable Energy Solutions segment, which contributed ₹243.33 lakh to standalone revenue. The EV Charging Infrastructure segment contributed ₹5.55 lakh in consolidated revenue, while Power Saving Solutions reported no revenue for the quarter.

Net profit after tax declined to ₹2.39 lakh from ₹6.90 lakh in the same quarter last year. Standalone net profit fell to ₹2.83 lakh from ₹11.03 lakh. The decline in profitability occurred despite higher revenues, as total expenses rose to ₹246.67 lakh (consolidated) from ₹99.98 lakh in the prior year period. Cost of materials consumed increased significantly to ₹217.03 lakh from nil in the previous year’s comparable quarter.

Segment Performance

The Renewable Energy Solutions segment remained the primary driver of income, generating ₹243.33 lakh in standalone revenue with a segment result before tax and interest of ₹2.72 lakh. In the consolidated view, this segment also reported ₹243.33 lakh in revenue. The EV Charging Infrastructure segment incurred a loss of ₹0.51 lakh in the consolidated result, compared to a loss of ₹4.67 lakh in the previous year. The Power Saving Solutions segment reported no revenue or result for the quarter.

What the Numbers Show

The sharp divergence between revenue growth and profit contraction highlights margin pressure during the quarter. While revenue more than doubled year-on-year, gross margins compressed as cost of materials consumed surged to ₹217.03 lakh against zero in the prior year. This suggests that the new projects contributing to revenue growth are currently operating at lower margins or involve higher upfront capitalization costs. The company noted that two solar energy generation projects (1.3 MWp in Maharashtra and 3.5 MWp in Gujarat) are under implementation and expected to be commissioned by end of Q3 FY27.

Operational Updates

Epic Energy is implementing a Battery Recycling Project of 8 TPD at Wada, Maharashtra, along with a Second Life Battery Assembly Line of 10 MWh per month. This project, approved by the Government of India under the National Critical Minerals Mission, is expected to be partially commissioned in September 2026. Revenues from this initiative are projected to start accruing by Q3 FY27. The company continues to provide sustainable energy solutions including rooftop solar power plants, solar EPC, energy audits, and LED retrofitting.

Epic Energy reported a 45% decline in consolidated net profit to ₹69.43 lakh for the financial year ended March 31, 2026, compared to ₹130.54 lakh in the previous year. Total revenue increased by 14% to ₹487.15 lakh for the same period, driven primarily by the Renewable Energy Solutions segment, which contributed ₹377.56 lakh. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹33.38 lakh, a decrease from ₹63.26 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹187.85 lakh, down from ₹238.07 lakh in the prior year quarter. On a standalone basis, net profit for the full year was ₹72.67 lakh, a decline from ₹131.73 lakh in FY25, while revenue from operations rose to ₹447.21 lakh from ₹426.06 lakh.

The decline in annual profitability was attributed to increased expenses, which rose to ₹417.80 lakh in FY26 from ₹326.21 lakh in the previous year. Finance costs for the year amounted to ₹4.50 lakh compared to ₹0.23 lakh in the prior year. The Earnings Per Share (EPS) on a consolidated basis for FY26 was ₹0.96, down from ₹1.81 in the previous year.

Segment Results

The Renewable Energy Solutions segment remained the primary revenue driver, recording a segment profit before tax of ₹70.06 lakh for the year. The Power Saving Solutions segment reported a profit before tax of ₹0.79 lakh. The EV Charging Infrastructure segment reported a loss before tax of ₹1.91 lakh for the year. The company noted that it is implementing solar energy generation projects in Maharashtra and Gujarat, expected to be commissioned by the end of Q2 FY27.

Cash Flow and Balance Sheet

The company's net cash from operating activities improved significantly to ₹160.40 lakh in FY26 from ₹16.02 lakh in the previous year. This was supported by a substantial increase in trade payables. Cash used in investing activities was ₹628.08 lakh, largely due to additions to fixed assets and investments. Cash and cash equivalents as of March 31, 2026, stood at ₹146.18 lakh, compared to ₹43.14 lakh in the previous year.

On the balance sheet, total assets increased to ₹2,045.71 lakh from ₹1,064.72 lakh in the previous year, driven by a rise in capital work-in-progress to ₹373.88 lakh and investments to ₹256.00 lakh. Total equity and liabilities stood at ₹2,045.71 lakh, with non-current borrowings of ₹175.45 lakh.

Board Approvals

The Board approved the re-appointment of M/s Mukesh M. Chokshi & Co, Chartered Accountants, as the Internal Auditor for the financial year 2026-27 pursuant to Section 138 of the Companies Act, 2013. The statutory auditors, M/s NGST & Associates, issued an unmodified opinion on the audited financial results. The trading window for designated persons will open 48 hours after the dissemination of this announcement.