SEPC Limited has reported a consolidated net profit of ₹53.54 crore for the financial year ended March 31, 2026, surging 115.53% from ₹24.84 crore in the previous year. Total income from operations rose 68.08% to ₹1,085.84 crore from ₹646.02 crore in FY25. The company announced its unaudited financial results for Q4 and FY26 on May 26, 2026, marking a year of robust operational progress.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹13.73 crore on a total income of ₹288.95 crore. On a standalone basis, the net profit for FY26 was ₹20.97 crore, compared to ₹25.15 crore in the previous year, with total income from operations at ₹579.09 crore.

Consolidated Financial Performance

The following table summarizes the consolidated financial results for the year ended March 31, 2026:

Business Highlights

The company achieved a robust order book of around ₹10,000 crore with record FY26 order inflows, establishing a strong, visible multi-year revenue pipeline. Additionally, SEPC Limited completed the strategic acquisition of a 90% stake in Avenir International Engineers and Consultants LLC to enhance technical capabilities and expand its global footprint.

Auditor's Report

MSKA & Associates LLP, the statutory auditors, issued a qualified opinion on the consolidated and standalone financial results. The qualifications relate to the carrying value of Deferred Tax Assets (DTA) amounting to ₹281.88 crore recognized on carried forward business losses, and the recoverability of overdue balances in non-current contract assets and trade receivables amounting to ₹90.38 crore and ₹58.45 crore respectively. The auditors noted a lack of sufficient appropriate audit evidence to corroborate management's assessments regarding these matters. The financial statements have been prepared on a going concern basis, supported by the implementation of a resolution plan, equity infusion, and the completion of a rights issue.

SEPC Limited informed the stock exchanges on May 22, 2026, regarding the cancellation of a significant work order by MOIL Limited. The order, initially disclosed to the exchanges on December 29, 2025, was for designing, construction, furnishing, and equipping a 3rd Vertical Shaft on a turnkey basis. The total value of the cancelled order was ₹230 Crores, including taxes.

Details of the Cancellation

The company stated that no execution had commenced on the project prior to the cancellation. MOIL Limited, a Government Undertaking, decided to cancel the work order, leading to specific financial implications for SEPC Limited. The primary consequence of this termination is the forfeiture of the Earnest Money Deposit (EMD).

Financial Impact

As a result of the cancellation, the EMD amounting to ₹50 Lakhs has been forfeited by MOIL Limited. This forfeiture represents a direct financial impact arising from the termination of the contract. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.