Supertech EV FY26 Results: Net profit falls 36% to ₹3.93 crore
- Net profit for FY26 declined to ₹3.93 crore from ₹6.17 crore in FY25
- Earnings per share dropped to ₹3.32 from ₹3.70 year-on-year
- Decline driven by higher operating costs and competitive market conditions
- Shareholders approved re-appointment of MD Yetender Sharma and new director appointments
*this image is generated using AI for illustrative purposes only.
Supertech EV Limited reported a decline in profitability for the financial year ended March 31, 2026, with net profit falling to ₹3.93 crore from ₹6.17 crore in the previous year.
The company announced these figures during its 4th Annual General Meeting (AGM), held virtually on September 25, 2026. The drop in earnings per share (EPS) to ₹3.32 from ₹3.70 reflects the pressure on margins experienced during the fiscal year.
Financial Performance Highlights
The management attributed the reduction in profit after tax (PAT) primarily to increased operating costs, higher business development expenses, and competitive market conditions affecting margins in the electric vehicle segment.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Net Profit | ₹3.93 crore | ₹6.17 crore | -36.2% |
| Earnings Per Share | ₹3.32 | ₹3.70 | -10.3% |
Strategic Focus Amid Margin Pressure
Despite the dip in bottom-line performance, the company stated it remains focused on strengthening operations and expanding its market presence. The Chairman noted that efforts are underway to improve operational efficiencies and enhance product offerings within the electric vehicle sector. The board reiterated its commitment to pursuing sustainable growth and exploring viable business opportunities.
Board Appointments and Resolutions
During the meeting, shareholders passed several ordinary resolutions regarding the composition of the board:
- Re-appointment of Yetender Sharma as a director liable to retire by rotation.
- Appointment of Sanjay Gupta as a Non-Independent Director.
- Appointment of Deepak Chauhan as an Independent Director.
- Adoption of the audited financial statements for FY26.
The AGM was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with the Companies Act, 2013, and SEBI regulations. A quorum of 10 members was present, and the proceedings were scrutinized by Nitin Bhardwaj & Associates, Practicing Company Secretaries.
Historical Stock Returns for Supertech Ev
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.36% | +8.48% | +6.50% | -15.85% | -16.36% | -44.94% |
How will the appointment of new independent and non-independent directors influence Supertech EV's strategic pivot to counter competitive market pressures?
What specific operational efficiency measures is management planning to implement to reverse the 36.2% decline in net profit in FY27?
Will increased business development expenses lead to measurable market share gains in the electric vehicle segment despite current margin compression?
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