Promax Power FY26 Results: Net profit falls 63% to ₹85.67 lakh
- Net profit fell 63.4% YoY to ₹85.67 lakh despite 6.5% revenue growth
- Revenue reached record high of ₹7,073.12 lakh driven by EPC execution
- Company expanding into solar asset ownership and EV charging infrastructure
- Board reappointed key directors and new statutory auditors at AGM notice
*this image is generated using AI for illustrative purposes only.
Promax Power reported a sharp decline in profitability for FY26, with net profit falling 63.4% year-on-year to ₹85.67 lakh. Despite the drop in earnings, the engineering, procurement, and construction (EPC) firm achieved its highest-ever revenue from operations, logging ₹7,073.12 lakh, up 6.5% from the previous fiscal year.
The company’s 9th Annual General Meeting (AGM) is scheduled for September 30, 2026, in Chandigarh. Shareholders will vote on the reappointment of key directors and the approval of financial statements for the year ended March 31, 2026.
Financial Performance
While top-line growth remained positive, margins contracted significantly due to rising operating and project-related costs. Total income increased to ₹7,122.35 lakh from ₹6,680.84 lakh in FY25. Profit before tax (PBT) dropped 64.9% to ₹109.73 lakh.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹7,073.12 lakh | ₹6,642.18 lakh | +6.5% |
| Total Income | ₹7,122.35 lakh | ₹6,680.84 lakh | +6.6% |
| Profit Before Tax | ₹109.73 lakh | ₹312.80 lakh | -64.9% |
| Net Profit After Tax | ₹85.67 lakh | ₹234.26 lakh | -63.4% |
What the Numbers Show
The divergence between revenue growth and profit contraction highlights margin pressure. While revenue grew by approximately 6.5%, total expenses excluding depreciation and tax rose by roughly 10.1% to ₹7,007.38 lakh. This indicates that cost inflation outpaced revenue generation, squeezing operational efficiency during the period.
Strategic Shifts and Governance
Promax Power is transitioning from a pure-play EPC contractor to a diversified energy solutions provider. The company is advancing plans for solar power asset ownership under independent power producer (IPP) models to create annuity-based revenue streams. It is also exploring battery energy storage systems (BESS) and EV-charging infrastructure through its associate, Promax PlugUp EV Pvt. Ltd.
Key governance updates include:
- Reappointment of Ms. Shweta Bhardwaj as Non-Executive Director.
- Reappointment of Mr. Sanjay Kumar as Independent Director for a second five-year term.
- Reappointment of Mr. Vishal Bhardwaj as Managing Director until August 2031.
- Appointment of M/s Manish Jain & Associates as Statutory Auditors for five years, filling a casual vacancy left by the resignation of M/s Raj Gupta & Co.
- Appointment of M/s Prachi Lad & Associates as Secretarial Auditors for five years.
No dividend was declared for FY26 as the board opted to reinvest profits into core operations and growth initiatives.
Historical Stock Returns for Promax Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | -24.09% | 0.0% | 0.0% |
How will Promax Power's transition to an IPP model impact its capital expenditure requirements and debt levels in the coming fiscal years?
What specific cost-control measures is management implementing to address the margin contraction where expenses rose 10.1% while revenue grew only 6.5%?
What is the projected timeline for Promax PlugUp EV Pvt. Ltd. to become a material contributor to the group's consolidated revenue?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
