EPACK Durable Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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EPACK Durable Limited reported a significant decline in FY2026 performance with revenue falling 12.7% to Rs 1,89,445.53 lakhs from Rs 2,17,087.07 lakhs in FY2025. Profit after tax collapsed by 94% to just Rs 325.87 lakhs compared to Rs 5,514.01 lakhs the previous year. The auditors from Deloitte Haskins & Sells issued a qualified opinion citing disputed trade receivables of Rs 1,961 lakhs from one customer that remains unpaid despite legal action, including filing a criminal complaint with the Economic Offences Wing. The company also lost Rs 3,242 lakhs in Production Linked Incentive (PLI) income as it failed to meet sales thresholds. Operating cash flow turned deeply negative at Rs 13,956.27 lakhs. The Board also approved appointment of a new Company Secretary and re-appointed the Managing Director.
The steep decline in profitability and qualified auditor opinion signal significant concerns about financial health and recoverability of receivables. Negative operating cash flow and loss of PLI income add to investor worries. The stock may face selling pressure due to the poor earnings and auditor qualification.