Outcome of Board Meeting dated May 28, 2026
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EPIC Energy's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 5% to Rs. 447.62 lakhs, but net profit dropped 45% to Rs. 72.67 lakhs from Rs. 131.73 lakhs in the previous year. Consolidated revenue increased 14% to Rs. 487.15 lakhs with net profit of Rs. 69.43 lakhs. The company received Rs. 475 lakhs from share warrants and has significant capital work-in-progress (Rs. 373.88 lakhs consolidated) for upcoming solar and battery recycling projects. M/s Mukesh M. Chokshi & Co was re-appointed as Internal Auditor for FY 2026-27. The auditors issued an unmodified opinion on the financial statements.
The profit decline despite revenue growth signals cost pressures. The share warrant issuance of Rs. 475 lakhs may indicate potential dilution. New projects (solar parks, battery recycling) are under development but not yet revenue-generating, suggesting a investment phase ahead.