NewsEarningsPanasonic Energy India Reports 80% Profit Decline Amid Revenue Dip and Accounting ChangesPanasonic Energy India Reports 80% Profit Decline Amid Revenue Dip and Accounting Changes
Panasonic Energy India Co. Ltd. experienced a significant downturn in its Q1 FY2026 financial performance. Profit After Tax plummeted 79.76% to ₹83.80 lakhs from ₹414.06 lakhs year-over-year. Revenue from Operations decreased to ₹5,800.50 lakhs from ₹6,298.49 lakhs. The company revised its depreciation accounting method, switching to Straight Line Method and adjusting asset valuations, resulting in an increased depreciation charge of ₹25.27 lakhs for the quarter. Despite challenges, the company maintains a paid-up equity share capital of ₹750 lakhs and other equity of ₹10,030.65 lakhs.
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Panasonic Energy India Co. Ltd., a key player in the batteries segment, has reported a significant decline in its financial performance for the quarter ended June 30. The company's latest financial results reveal a sharp drop in profitability and a decrease in revenue, alongside changes in its accounting methods.
Financial Performance Highlights
- Profit After Tax: ₹83.80 lakhs, down 79.76% from ₹414.06 lakhs in the same quarter last year
- Revenue from Operations: ₹5,800.50 lakhs, decreased from ₹6,298.49 lakhs year-over-year
- Earnings Per Share: Dropped to ₹1.12 from ₹5.52 in the corresponding quarter of the previous year
Key Financial Metrics
| Particulars (₹ in Lakhs) | Q1 FY2026 | Q1 FY2025 | % Change |
|---|---|---|---|
| Revenue from Operations | 5,800.50 | 6,298.49 | -7.91% |
| Total Income | 5,903.45 | 6,418.58 | -8.03% |
| Total Expenses | 5,698.59 | 5,855.04 | -2.67% |
| Profit Before Tax | 204.86 | 563.54 | -63.65% |
| Profit After Tax | 83.80 | 414.06 | -79.76% |
Accounting Method Revision
During the quarter, Panasonic Energy India made significant changes to its depreciation accounting method:
- Switched from Written Down Value (WDV) to Straight Line Method (SLM)
- Removed residual value for certain assets
- Increased the useful life of some existing assets based on technical evaluation
As a result of these changes, the depreciation charge increased by ₹25.27 lakhs for the quarter. The company expects depreciation to increase by ₹57.34 lakhs for the entire financial year.
Operational Overview
Panasonic Energy India continues to operate primarily in the batteries segment. The company maintains a paid-up equity share capital of ₹750 lakhs. Despite the challenging quarter, the company's balance sheet shows other equity of ₹10,030.65 lakhs as of the last financial year end.
Board Approval and Audit Review
The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 7. The meeting commenced at 11:14 a.m. and concluded at 11:53 a.m. B S R and Co, the statutory auditors, have issued an unmodified review report on these results.
Market Information
Panasonic Energy India Co. Ltd. is listed on the BSE with the scrip code 504093. Investors and stakeholders are advised to consider these results in light of the overall market conditions and the company's long-term performance trajectory.
The company continues to adhere to the Indian Accounting Standards (IND AS) prescribed under section 133 of the Companies Act, 2013, ensuring compliance with regulatory requirements and maintaining transparency in financial reporting.
Historical Stock Returns for Panasonic Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.74% | +10.60% | +14.65% | +12.99% | -24.62% | +109.30% |
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