Gujarat Poly Electronics Reports FY26 Audited Results; Net Profit Surges to ₹2,802.22 Lakh
Gujarat Poly Electronics Limited published audited FY26 results showing total income from operations of ₹4,874.55 lakh and net profit after tax of ₹2,802.22 lakh, compared to ₹1,864.17 lakh and ₹214.48 lakh respectively in FY25. The Board, at its May 12, 2026 meeting, also re-appointed Mr. Vinay Kumar Puniani as Executive Director for two years and M/s Chokshi & Chokshi LLP as Internal Auditors for FY 2026-27.
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Gujarat Poly AVX Electronics Limited published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on May 13, 2026, as required under Regulation 33. The results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 12, 2026, with the Statutory Auditors having carried out a full audit. The company operates in a single segment — manufacturing and trading of electronic capacitors — with revenue substantially derived from the domestic market.
Audited Financial Results
Gujarat Poly Electronics delivered a strong performance for the full year ended March 31, 2026. Total income from operations rose sharply to ₹4,874.55 lakh in FY26 from ₹1,864.17 lakh in FY25. Net profit after tax for the full year stood at ₹2,802.22 lakh, compared to ₹214.48 lakh in the previous year. Total comprehensive income for FY26 was ₹2,799.14 lakh, against ₹201.65 lakh in FY25. Earnings per share (basic and diluted, not annualised) for the full year came in at ₹32.77, compared to ₹2.51 in FY25. Equity share capital remained unchanged at ₹855.00 lakh across all reported periods.
The following table presents the extract of audited financial results (₹ in lakh):
| Particulars: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Total Income from Operations: | 474.03 | 434.23 | 4,874.55 | 1,864.17 |
| Net Profit before Tax: | 38.04 | 53.93 | 3,188.40 | 252.11 |
| Net Profit after Tax: | 12.19 | 60.20 | 2,802.22 | 214.48 |
| Total Comprehensive Income: | 18.73 | 50.35 | 2,799.14 | 201.65 |
| Equity Share Capital: | 855.00 | 855.00 | 855.00 | 855.00 |
| EPS – Basic & Diluted (₹10/- each, not annualised): | 0.15 | 0.71 | 32.77 | 2.51 |
Note: The financial figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter ended December 31, 2025 and December 31, 2024 respectively, which were subject to limited review.
Board Meeting Decisions
At the same May 12, 2026 board meeting, the Board also approved key governance decisions. The Board re-appointed Mr. Vinay Kumar Puniani as Whole Time Director, designated as Executive Director, for a period of two years effective August 1, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The company also re-appointed M/s Chokshi & Chokshi LLP, Chartered Accountants, as Internal Auditors for FY 2026-27.
| Parameter: | Details |
|---|---|
| Executive Director Re-appointment: | Mr. Vinay Kumar Puniani (DIN: 10706691) for 2 years w.e.f. August 1, 2026 |
| Internal Auditor Re-appointment: | M/s Chokshi & Chokshi LLP (Firm Reg. No. 101872W/W100045) for FY 2026-27 |
Director Profile
Mr. Vinay Kumar Puniani holds a B.E. in Electronics & Electrical Communication and possesses over 46 years of experience in the manufacturing and marketing of electronic components. He has been associated with the company since its inception, serving as Sr. General Manager (Plant) from January 1992 to August 2022, and subsequently as a consultant. He is not debarred from holding the office of Director by any SEBI order or other authority.
Internal Auditor Profile
M/s Chokshi & Chokshi LLP, established in 1976, operates offices in Mumbai, Pune, Ahmedabad, Delhi, and Bangalore. The firm provides services in advisory, assurance, forensic audit, taxation, and accounting across various sectors including engineering, manufacturing, banking, and IT. It is empaneled with regulatory authorities such as SEBI, RBI, and C & AG.
Source: None/Company/INE541F01022/290153b0-5a81-49bf-bb18-eee1b9b896cb.pdf
Historical Stock Returns for Gujarat Poly Avx Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.09% | -3.87% | -3.25% | -21.11% | -39.04% | +547.78% |
What specific factors drove Gujarat Poly AVX Electronics' revenue to surge 161% in FY26, and are these growth drivers sustainable into FY27?
Given the significant gap between Q4 FY26 net profit (₹12.19 lakh) and the full-year figure, what one-time or exceptional items may have inflated FY26 annual earnings?
How might India's expanding electronics manufacturing ecosystem and PLI schemes create new revenue opportunities for domestic electronic capacitor manufacturers like Gujarat Poly AVX?
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