EPACK Durable Limited has submitted the Transcript for the Earning Call held on May 21, 2026.

EPACK Durable reported a challenging Q4 FY26 with revenue of Rs. 591 crore (down 8% YoY) and severely compressed EBITDA margin of 4.37% versus 11.21% last year, with net profit barely at Rs. 2.4 lakh. For the full year FY26, revenue stood at Rs. 1,894 crore (down 12.7%) and net profit at just Rs. 3.3 crore. A key one-time impact was the reversal of Rs. 32.42 crore in PLI incentives due to revenue growth shortfall against committed targets, partially offset by Rs. 21.78 crore recognized under the RIPS 2024 scheme. The RAC segment declined ~25% due to weak summer demand, elevated inventory, and BEE norm transitions, though capacity utilization dropped to ~20-25%. On the positive side, the company added 17 new customers in FY26 (total 72 active), SDA and LDA segments grew 53% YoY, components grew 50% YoY, and the Hisense JV facility became operational in Q4. Management expects Q1 FY27 industry growth of ~15% and believes margins will improve as cost pass-through continues.