Maxvolt FY26 Net Profit Jumps 141% as Revenue Triples
Maxvolt Energy Industries reported strong audited financial results for FY26, with revenue from operations rising 176.1% to ₹29,676.48 lakhs and net profit increasing 140.9% to ₹2,438.47 lakhs on a standalone basis. The company's EBITDA grew 155.4% to ₹3,560.2 lakhs. The Board approved the results and reappointed the internal auditor. Additionally, the company announced plans to begin construction on a lithium battery recycling plant in Aligarh by August 2026.

*this image is generated using AI for illustrative purposes only.
Maxvolt Energy Industries has reported its audited standalone and consolidated financial results for the year ended March 31, 2026. The results, approved by the Board of Directors on May 12, 2026, reflect a significant acceleration in revenue and profitability. The company's revenue from operations surged 176.1% year-on-year to ₹29,676.48 lakhs, while net profit after tax rose by 140.9% to ₹2,437.53 lakhs.
Standalone Financial Performance
The standalone financials for FY26 demonstrate robust growth across key metrics. Revenue from operations increased to ₹29,676.48 lakhs from ₹10,746.62 lakhs in FY25. Net profit after tax stood at ₹2,438.47 lakhs, compared to ₹1,011.67 lakhs in the previous year. The company's EBITDA for the full year grew by 155.4% to ₹3,560.2 lakhs, with an EBITDA margin of 12.0%. The following table summarizes the standalone performance:
| Metric | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations | ₹29,676.48 lakhs | ₹10,746.62 lakhs |
| Total Income | ₹29,856.93 lakhs | ₹10,928.26 lakhs |
| Total Expenses | ₹26,574.14 lakhs | ₹9,535.63 lakhs |
| Profit Before Tax | ₹3,282.79 lakhs | ₹1,392.63 lakhs |
| Net Profit After Tax | ₹2,438.47 lakhs | ₹1,011.67 lakhs |
| Basic EPS (₹) | 22.36 | 11.69 |
Half-Year and Operational Highlights
For the half-year ended March 31, 2026 (H2 FY26), standalone revenue reached ₹16,672.45 lakhs, a 148.1% increase over the corresponding period in the previous year. H2 FY26 net profit after tax was ₹1,146.17 lakhs. The company reported that its cost of materials consumed rose to ₹25,155.84 lakhs for FY26, reflecting the scale-up in operations to meet demand.
Balance Sheet and Cash Flow
The balance sheet as of March 31, 2026, shows a substantial expansion in assets and equity. Total assets stood at ₹22,458.44 lakhs, up from ₹9,552.63 lakhs in the previous year. Shareholders' funds increased to ₹10,429.53 lakhs, driven by a rise in reserves and surplus to ₹9,339.14 lakhs. Cash and cash equivalents improved significantly to ₹2,586.45 lakhs. The net cash outflow from operating activities was ₹2,902.21 lakhs, attributed to increased working capital requirements.
Board Decisions and Future Outlook
The Board reappointed M/s. S. Yadav & Company as Internal Auditor for FY 2026-27. Additionally, the company disclosed that it received land allotment from the U.P. MSME Department for a lithium battery recycling plant in Aligarh. Construction is expected to begin by August 2026, with an initial capacity of 7,800 MT per annum, strengthening the company's circular energy ecosystem.
Historical Stock Returns for Maxvolt Energy Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.52% | +6.84% | +27.39% | +12.19% | +145.54% | +153.34% |
How will Maxvolt Energy deploy the remaining ~₹2,509 lakhs of unutilised SME IPO proceeds, and could this trigger a fresh capacity expansion announcement in FY27?
Given the sharp decline in EBITDA margin from 14.2% in H1 FY26 to 10.3% in H2 FY26, what pricing or cost pressures could further compress margins in FY27 amid rising lithium-ion raw material costs?
With short-term borrowings surging nearly 11x to ₹7,320 lakhs and negative operating cash flow, how sustainable is Maxvolt's working capital financing model as it scales toward its FY2032 market share target?


























