Panasonic 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.