Maxvolt Energy Industries Limited has released the transcript of its H2 FY26 earnings conference call, disclosing a strong financial performance for the fiscal year ended March 31, 2026. The company reported a 176% year-on-year increase in revenue to INR296.7 crores, driven by robust market demand and capacity expansion. EBITDA rose by 155% to INR35.6 crores, while Profit After Tax (PAT) grew by 141% to INR24.4 crores.

For the second half of FY26, the company recorded revenue of INR166.7 crores, a year-on-year growth of 148%. EBITDA for H2 stood at INR17.2 crores with a margin of 10.3%, while PAT reached INR11.5 crores with a margin of 6.9%. The e-scooter segment remained the primary revenue driver, contributing INR217 crores or 73.1% of total revenue. The e-rickshaw segment emerged as the fastest-growing vertical, with revenue increasing by 5,564.3% to INR22 crores.

Operational Highlights and Expansion

Management highlighted the company's strategic focus on building a circular lithium energy platform. During the year, Maxvolt expanded its presence to 16 states, supported by 12 warehouses and over 875 dealers and distributors. The company currently operates two production facilities with a monthly capacity exceeding 14,000 batteries. Following capacity additions in January and February, production increased from approximately 6,500 batteries per month to 14,000 batteries per month.

Looking ahead, the company plans to further expand its manufacturing capacity. Phase 2 of the current plant is expected to be operational by October-November 2026, adding 21,000 batteries per month. A new plant in Aligarh is also under development to house a lithium battery recycling facility. While land registry was completed in January, construction delays due to map approvals have pushed the start of construction to August 2026. The total estimated project cost for the recycling facility is INR282 crores.

Financial Metrics

The company has established Maxvolt ReEarth, a dedicated recycling subsidiary, to advance battery recycling technologies. Management expressed confidence in sustaining growth, citing strong order books and government policies favoring clean energy and electric mobility. The transcript is available on the company's official website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE10A501018/ad1b8ba39dc746e0.pdf

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:

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.