Financial Results for Quarter and Year ended 31st March, 2026.
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Artemis Electricals reported FY2026 standalone revenue of ₹8,056.02 lakhs, up 11.35% from ₹7,234.77 lakhs in FY2025. PAT grew 15.23% to ₹885.57 lakhs from ₹768.50 lakhs. Q4 standalone PAT was ₹309.70 lakhs on revenue of ₹4,075.08 lakhs. The company has a related party contract with Electroforce (India) Private Limited to set up a lithium-ion battery plant, with capital advances already paid and commissioning planned by March 2027. Manufacturing activities remain negligible as management shifts focus to project-related work. The auditor issued an unmodified (clean) opinion, but drew attention to the related party transaction and negligible manufacturing operations via emphasis of matter notes.
Revenue and profit growth are positive but modest at ~11-15%, below growth thresholds typically considered strong. The clean audit opinion is reassuring, but the shift away from manufacturing and heavy related party commitments on a lithium-ion plant may concern investors focused on operational stability.