EPW India Limited reported a 149% increase in net profit to ₹100.66 lakh for the financial year ended March 31, 2026, driven by a 96% rise in revenue from operations to ₹1,018.29 lakh. The company, which refurbishes and trades IT electronic products, posted an earnings per share (EPS) of ₹11.11 for the year, compared to ₹4.93 in the previous year. These results mark the first annual financial disclosure following the company's listing on the NSE Emerge platform in December 2025.

The Board of Directors approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors, M/s. Rao & Shyam, issued an unmodified report on the results. The company also appointed M/s. Nelli & Co. as the internal auditor for FY27 and M/s. R&A Associates as the secretarial auditor for FY26.

Revenue from operations for FY26 stood at ₹1,018.29 lakh, a significant increase from ₹518.75 lakh in the previous year. Total expenses rose to ₹877.93 lakh from ₹462.36 lakh. Profit before tax for the year was ₹142.28 lakh, up from ₹56.66 lakh in FY25. The company's cash and cash equivalents increased to ₹48.77 lakh as of March 31, 2026, from ₹10.44 lakh a year earlier.

The company completed an Initial Public Offering (IPO) in December 2025, issuing 32,79,600 equity shares at ₹97 per share to raise ₹3,181.21 lakh. As of March 31, 2026, the company had utilized ₹2,752.39 lakh of the proceeds. The primary utilizations included ₹1,584.81 lakh for working capital and ₹421.18 lakh for the repayment of banking facilities. Unutilized funds of ₹428.82 lakh are held in escrow and current accounts pending repayment of banking facilities.

The consolidated financial results for FY26 showed a net profit of ₹103.13 lakh on a total revenue of ₹1,075.05 lakh. The company confirmed there was no deviation or variation in the use of IPO proceeds from the objects stated in the prospectus, as certified by the statutory auditors. The subsidiary, Renavart Recyclers India Private Limited, is included in the consolidated financial statements.

EPW India Limited has appointed M/s. Nelli & Co., Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment at its meeting held on May 27, 2026, following the recommendation of the Audit Committee. The firm will oversee internal audit functions for the company during the specified period.

M/s. Nelli & Co. holds a Firm Registration Number (FRN) of 028798S. The firm specializes in audit, taxation, GST, financial consulting, and business advisory services. The internal audit team is led by experts possessing deep knowledge of best industrial practices, with a commitment to delivering quality services to clients.

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification also references SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Appointment Details

The appointment is effective immediately for the financial year 2026-27. There are no disclosures required regarding relationships between directors, as the appointment pertains to an internal auditor and not a director.