Evans Electric Limited , a company specializing in heavy electro-mechanical repairs, has reported a significant decrease in its financial performance for the half-year ended September 30, 2025. The company faced challenges that led to a substantial reduction in both revenue and profits.

Financial Highlights

All financial figures in lakhs, except for EPS

Key Observations

1. Profit Decline: Evans Electric's net profit for the half-year plummeted to ₹32.07 lakh, a stark contrast to the ₹659.14 lakh reported in the same period last year. This represents a 95.1% year-on-year decrease.

2. Revenue Contraction: The company's net sales saw a significant drop of 66.7%, falling from ₹2,061.89 lakh to ₹687.06 lakh.

3. Operational Income: Total income from operations also declined by 66.4%, aligning closely with the drop in net sales.

4. Earnings Per Share: The basic earnings per share (EPS) decreased dramatically from ₹19.06 to ₹0.58, reflecting the company's reduced profitability.

5. Cash Position: Despite the overall decline in financial performance, Evans Electric reported a substantial increase in cash and cash equivalents, rising from ₹47.35 lakh to ₹893.80 lakh.

Corporate Governance

The Board of Directors of Evans Electric convened on November 12, 2025, to review and approve the unaudited half-yearly financial results. The meeting, which lasted from 1:29 PM to 2:30 PM, also included a review of the Internal Audit Report for the period.

Company Overview

Evans Electric Limited operates in the heavy electro-mechanical repairs segment. The company's registered office is located in Santa Cruz (West), Mumbai, with its manufacturing facility in Palghar, Maharashtra.

While the company has faced significant challenges in the first half of the fiscal year 2025, the substantial increase in cash and cash equivalents may provide some financial flexibility as it navigates through this difficult period. Shareholders and potential investors may want to monitor the company's future announcements and strategies to address the current downturn in its financial performance.

Evans Electric Ltd , a company specializing in heavy electro-mechanical repairs, has announced significant changes to its leadership team following a board meeting held on October 30, 2025. The meeting, which lasted from 4:45 p.m. to 6:10 p.m., resulted in several key decisions affecting the company's top management.

Leadership Transitions

The board meeting addressed three major changes in the company's leadership:

Details of Changes

Chief Financial Officer

The board accepted the retirement of Anil Gulwani from his position as Chief Financial Officer.

Independent Director

Christopher Joseph Rodricks (DIN: 00153176) completed his five-year tenure as an Independent Director. The board decided not to appoint him for a second term. His cessation from the role was effective from October 22, 2025.

Whole Time Director

Wilson DeSouza (DIN: 01605439) tendered his resignation as Whole Time Director, citing his intention "to pursue other opportunities." His resignation will take effect from October 31, 2025. In his resignation letter, DeSouza expressed gratitude for the opportunity to serve the company and acknowledged the support of his colleagues during his tenure.

Regulatory Compliance

Evans Electric Ltd has informed the BSE Limited about these changes in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided the necessary disclosures as required under the regulations.

These leadership changes come at a crucial time for Evans Electric Ltd, which operates in the specialized field of heavy electro-mechanical repairs.