Eppeltone Engineers reported a 12.9% increase in net profit to Rs 123.8 Mn for the financial year ended March 31, 2026, driven by an 8.4% rise in revenue from operations to Rs 1,347.4 Mn. The company executed a robust turnaround in the second half of the fiscal year, supported by strong project execution and operational efficiencies. Despite a one-time bad debt write-off of Rs 62.4 Mn, the firm improved its net profit margin by 37 basis points to 9.2%.

Financial Performance

Revenue growth was accompanied by margin expansion across key metrics. Gross profit increased 13.7% year-on-year to Rs 470.2 Mn, with gross margins expanding by 164 basis points to 34.9%. This improvement was attributed to better operational efficiencies and a favourable shift in product mix towards higher-realization smart meters, which offset the impact of higher dollar exchange rates.

EBITDA grew 9.1% to Rs 194.1 Mn, with margins improving by 10 basis points to 14.4%. The company noted that excluding the bad debt write-off, which represented 4.6% of FY26 revenue, profitability and operational performance demonstrated notable improvement over the previous year. Earnings per share (EPS) stood at Rs 10.18 for the year.

Business Outlook

The company ended the fiscal year with an order book of Rs 3,439 Mn, excluding GST, providing revenue visibility for the next 18 to 24 months. Additionally, Eppeltone Engineers secured confirmed order wins worth Rs 316 Mn, excluding GST, subsequent to the end of FY26. To support future growth, a new 60,000 sq. ft. manufacturing facility is under construction and is expected to commence operations by Q3 FY27, enhancing capacity for smart meters including gas and water meters.

Deven Chowdhary, Whole-Time Director, attributed the performance to resilient operations and strong execution in the second half of the year. He stated that the strong order book and continued demand for smart energy meters position the company well to drive sustainable growth.

Eppeltone Engineers Limited has secured a fresh order for the supply of energy meters from a domestic entity. The contract, valued at Rs. 2,31,13,200, was received on May 19, 2026. The company disclosed this development in a regulatory filing submitted to the NSE Emerge.

Order Details

The order pertains specifically to the supply of energy meters. According to the disclosure, the execution of the contract is targeted for completion by September 2026. The order value includes all applicable taxes.

Transaction Particulars

The company provided specific details regarding the nature and scope of the order in its regulatory filing. The key particulars of the transaction are outlined below:

The confirmation that there is no promoter or group company interest in the entity awarding the order, and that the transaction does not fall under related party transactions, was also included in the filing.