Evans Electric wins Rs 1.61 Cr order from Tata Power

Evans Electric Ltd has secured a service order worth Rs 1.61 Cr from Tata Power Company Limited for hydro generator stator winding repair works at Bhivpuri Generating Station. The order, valued at Rs. 1,60,50,000, involves services for Unit-10 and is classified as a domestic works contract to be executed within 1.5 months.

Order Details

The disclosure was made to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

Parameter	Details
Client	Tata Power Company Limited
Nature of Contract	Works Contract
Description	Services for Unit-10 Hydro Generator Stator winding repair works at Bhivpuri Generating Station
Order Value	Rs. 1,60,50,000
Execution Period	1.5 months
Entity Type	Domestic

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+5.34%	+3.25%	-42.57%	-61.48%	+155.27%

Evans Electric Limited reported a net loss of ₹43.06 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹757.47 lakh recorded in the previous year. Total income from operations fell to ₹1168.33 lakh in FY26 from ₹2547.88 lakh in FY25. The company’s board approved the audited standalone financial results for the year during a meeting held on May 20, 2026.

The company’s expenditure for the year stood at ₹1238.65 lakh, lower than the ₹1648.12 lakh reported in the previous fiscal. Profit from ordinary activities before tax was ₹12.78 lakh, down from ₹1003.90 lakh in the prior year. The board also appointed Ms. Jeeane D'esouza as an Additional Director, effective until the conclusion of the forthcoming Annual General Meeting.

Financial Performance

The standalone audited financial results for the year ended March 31, 2026, reflect a contraction in both revenue and profitability. The company reported a basic and diluted earnings per share (EPS) of -₹0.78 for FY26, compared to ₹21.90 in the previous year.

Particulars	Year Ended 31.03.2026 (₹ in Lakh)	Year Ended 31.03.2025 (₹ in Lakh)
Income from Operations
Net Sales / Income from Operations	1163.68	2539.19
Other Operating Income	4.65	8.69
Total Income from operations	1168.33	2547.88
Expenditure
Total Expenditure	1238.65	1648.12
Profit / (Loss) for the period	-43.06	757.47

Assets and Liabilities

The total equity and liabilities as of March 31, 2026, were ₹2825.99 lakh, a decrease from ₹3497.47 lakh in the previous year. Shareholder's funds stood at ₹2500.68 lakh, while non-current liabilities were recorded at ₹104.74 lakh. Current liabilities decreased significantly to ₹220.57 lakh from ₹861.13 lakh in the prior year.

On the assets side, non-current assets were valued at ₹1506.38 lakh, and current assets at ₹1319.10 lakh. Cash and bank balances improved substantially to ₹644.87 lakh as of March 31, 2026, compared to ₹47.56 lakh in the previous year.

Auditor’s Report and Compliance

The statutory auditors, R.S. Prabhu & Associates, issued an audit report with an unmodified opinion on the standalone financial statements. The auditors noted that the company has not incurred any cash losses in the financial year or the immediately preceding financial year. They also confirmed that no material uncertainty exists regarding the company's ability to meet its liabilities within one year from the balance sheet date.

The company clarified to the BSE that the declaration of the Audit Report with Unmodified Opinion was inadvertently not attached to the initial financial results submission and has now been provided. The board also took on record the internal auditors' report for the half year ended March 31, 2026.