Panasonic Energy India Co. Ltd. has released its unaudited financial results for the quarter and six months ended September 30, 2025, revealing a mixed performance with revenue growth but a decline in profitability compared to the previous year.

Revenue Growth Amid Challenging Market Conditions

The company reported revenue from operations of ₹6,864.26 crore for Q2 FY2026, showing a significant increase from ₹5,800.50 crore in the previous quarter. This represents an 18.34% quarter-on-quarter growth. However, for the six-month period ended September 30, 2025, the revenue stood at ₹12,664.76 crore, slightly lower than the ₹13,162.78 crore reported in the corresponding period last year.

Profitability Under Pressure

Despite the revenue growth, Panasonic Energy India experienced a decline in profitability. The profit after tax for Q2 FY2026 was ₹192.09 crore, more than double the ₹83.80 crore reported in the previous quarter. However, when compared to the same quarter last year (₹404.13 crore), it represents a significant year-on-year decrease of 52.47%.

For the six-month period, the profit after tax stood at ₹275.89 crore, substantially lower than the ₹818.19 crore reported in the same period last year, marking a 66.28% decline.

Financial Performance Overview

Here's a tabular representation of the key financial metrics:

Operational Highlights and Challenges

The company's performance reflects a challenging operating environment. While there's been a recovery in revenue compared to the previous quarter, the year-on-year figures indicate ongoing pressures. The significant decline in profitability suggests increased costs or competitive pressures in the battery market.

Balance Sheet Position

As of September 30, 2025, Panasonic Energy India's total assets stood at ₹15,783.45 crore, slightly higher than the ₹14,751.46 crore reported on March 31, 2025. The company maintains a strong equity position with total equity of ₹10,345.08 crore.

Dividend Announcement

The company's shareholders approved a final dividend of ₹9.42 per equity share for the financial year ended March 31, 2025, at the Annual General Meeting held on September 24, 2025. As of September 30, 2025, this dividend had not yet been disbursed to eligible shareholders.

Future Outlook and Regulatory Challenges

Panasonic Energy India, along with other battery manufacturers, is navigating the implications of the Battery Waste Management Rules issued by the Ministry of Environment, Forest and Climate Change. These rules aim to regulate the collection, recycling, and disposal of battery waste under the Extended Producer Responsibility (EPR) framework. The company has made representations to the Ministry regarding practical challenges and associated costs, and is awaiting further guidance.

The management has also revised its accounting estimates for depreciation, which is expected to impact financial results going forward. This change includes a shift from the Written Down Value (WDV) method to the Straight Line Method (SLM) for depreciation calculation.

As Panasonic Energy India adapts to these regulatory and operational changes, investors and market observers will be keenly watching how the company navigates these challenges while striving to improve its financial performance in the coming quarters.

Panasonic Energy India Co. Ltd. successfully conducted its 53rd Annual General Meeting (AGM) on September 24, 2025, through video conferencing, marking a significant milestone for the company. The meeting saw strong shareholder participation and approval for all seven resolutions presented.

Key Highlights

• Overwhelming Support: All seven resolutions passed with an impressive average of 99.29% shareholder approval.
• Dividend Declaration: Shareholders approved the dividend for the financial year ended March 31, 2025.
• Board Changes: Mr. Hidefumi Fujii was re-appointed as a director, while Mr. Akio Fujita's appointment as Chairman & Managing Director for a two-year term was confirmed.
• Financial Statements: The company's financial statements for the year ended March 31, 2025, were adopted.

Meeting Details

The AGM, held in compliance with regulatory guidelines, saw participation from 50 members representing 43,76,349 shares. The meeting commenced at 10:30 a.m. and concluded at 11:20 a.m., with both remote e-voting and e-voting during the AGM facilitating shareholder participation.

Key Resolutions Passed

Corporate Governance

The meeting underscored Panasonic Energy India's commitment to corporate governance and transparency. The company ensured compliance with all regulatory requirements, including those set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Looking Ahead

With strong shareholder support and key appointments in place, Panasonic Energy India Co. Ltd. appears well-positioned for its next phase of growth. The approval of all resolutions, particularly the appointment of Mr. Akio Fujita as Chairman & Managing Director, signals continuity in leadership and strategy.

The successful conduct of the AGM through digital means also demonstrates the company's adaptability to evolving corporate practices in the post-pandemic era.

As Panasonic Energy India moves forward, stakeholders will be keen to see how these decisions translate into performance and value creation in the coming years.