Purple Wave Infocom posted a net profit of ₹1,342.70 lakh for FY26, a 48.2% increase from the previous year's ₹906.23 lakh. The Pro AV integrator also saw revenue from operations grow by 14.4% to ₹14,610.39 lakh, driven by strong execution across corporate, retail, and government segments.

The company listed on the BSE SME platform in December 2025, raising ₹3,144.96 lakh through an initial public offering (IPO). This capital injection significantly strengthened the balance sheet, with total assets rising by 67.2% to ₹9,381.18 lakh and net worth expanding by 234.6% to ₹5,757.50 lakh.

Financial Performance

Revenue growth was accompanied by notable margin expansion. EBITDA grew by 40.2% to ₹1,975.28 lakh, pushing the EBITDA margin to 13.5% from 11.0% in FY25. Profit before tax (PBT) rose by 47.0% to ₹1,805.24 lakh.

Other income increased significantly to ₹22.21 lakh from ₹7.13 lakh, aided by interest income. Total expenses rose by 11.0% to ₹12,827.37 lakh, reflecting higher purchases and employee benefits but remaining well below the pace of revenue growth.

Balance Sheet & Cash Flow

The IPO proceeds were primarily utilized for capital expenditure and working capital needs. Property, plant, and equipment surged to ₹1,470.43 lakh from ₹99.11 lakh, indicating substantial investment in manufacturing infrastructure. Inventories more than doubled to ₹2,897.87 lakh to support order execution.

Leverage decreased sharply as equity funding replaced debt reliance. The debt-equity ratio improved to 0.29x from 0.86x. Current borrowings stood at ₹1,429.03 lakh, while non-current borrowings were ₹258.66 lakh. Cash and cash equivalents closed at ₹688.04 lakh.

What the Numbers Show

A key divergence in the data is the improvement in receivables efficiency despite revenue growth. Trade receivables remained broadly stable at ₹3,425.45 lakh (vs ₹3,435.22 lakh in FY25), reducing debtor days from 98 to 86 days. However, inventory days nearly doubled from 37 to 72 days, lengthening the cash conversion cycle to 122 days from 74 days. This suggests the company is building stock buffers to meet projected demand rather than facing collection pressure.

Corporate Developments

The company incorporated Nano Theatre Private Limited as a wholly-owned subsidiary on March 30, 2026. No business activities were undertaken by the subsidiary during the year. The Board proposed no dividend for FY26 to augment working capital. Additionally, the company seeks shareholder approval for related-party transactions with Purplewave India Private Limited and Nano Theatre Private Limited up to ₹15 crore each for FY27.

Purple Wave Infocom Limited board approved the annual report for FY26 and scheduled its 19th Annual General Meeting (AGM) for September 25, 2026.

The meeting, held on August 26, 2026, also authorized material related party transactions totaling up to ₹30 crore across two entities for the upcoming fiscal year.

Key Board Approvals

The directors approved several key resolutions during the session:

• Approval of the Board’s Report and Annual Report for the financial year ended March 31, 2026.
• Convening of the 19th AGM on September 25, 2026, at 12:00 noon via Video Conferencing or Other Audio Visual Means.
• Re-appointment of Ms. Ananya Singh as a director liable to retire by rotation, subject to shareholder approval.

Related Party Transactions

The board sanctioned material related party transactions for FY27, pending shareholder consent:

Nano Theatre Private Limited is identified as a wholly owned subsidiary of the company.

Voting and Governance Details

The cut-off date for determining voting eligibility is set for September 18, 2026. Remote e-voting will run from September 22, 2026, at 9:00 am to September 24, 2026, at 5:00 pm.

Ms. Soniya Gupta, Practising Company Secretary, was appointed as the scrutinizer for the e-voting process.