Artemis Electricals and Projects Limited has submitted to the Exchange, the financial results for the quarter and year ended March 31, 2026.
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Artemis Electricals and Projects Limited has reported audited financial results for FY2026 ending March 31, 2026. Standalone revenue from operations grew by ~11.4% to ₹8,056.02 Lakhs from ₹7,234.77 Lakhs in the prior year, while profit after tax (PAT) rose by ~15.2% to ₹885.57 Lakhs from ₹768.50 Lakhs. Basic EPS improved to ₹0.35 from ₹0.31. The auditors (Agarwal Tibrewal & Co.) issued an unmodified opinion, but drew attention to three emphasis of matter items: inability to provide segment disclosures, a related party contract with Electroforce (India) Private Limited for a Lithium-ion battery plant (reflected in capital work in progress of ₹5,554.75 Lakhs), and near-closure of manufacturing activities with only minimal operations currently underway. Cash flow from operations was positive at ₹1,402.31 Lakhs for the standalone entity.
Revenue and profit grew modestly year-on-year, with clean audit opinion providing some comfort. However, the company has substantial capital locked in an unfinished lithium-ion battery plant project, its manufacturing operations are effectively dormant, and trade receivables have grown significantly (₹4,056.25 Lakhs vs ₹2,504.33 Lakhs prior year), indicating potential working capital stress. Investors should monitor the lithium-ion plant's commissioning target of March 2027.