We are submitting herewith the Integrated Filling (Financial) for the quarter and financial year ended 31 March, 2025.
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EPIC Energy Limited submitted its audited financial results for FY25 (year ended 31 March 2025) along with Q4 results. Standalone revenue from operations grew ~38% to Rs. 426.06 lakhs (vs Rs. 307.85 lakhs in FY24), while standalone net profit jumped sharply to Rs. 131.73 lakhs (vs Rs. 36.10 lakhs), driven by both Power Saving and Renewable Energy segments. Q4 standalone revenue was Rs. 238.07 lakhs with net profit of Rs. 65.54 lakhs, a strong sequential and year-on-year jump. Consolidated revenue was also Rs. 426.06 lakhs with net profit of Rs. 129.28 lakhs, marginally lower than standalone due to a Rs. 2.62 lakh loss from subsidiary EPIC EV Chargers Pvt Ltd. Auditor NGST & Associates issued an unmodified (clean) opinion on both standalone and consolidated results, but flagged an Emphasis of Matter regarding Rs. 193.14 lakhs of unbilled revenue tied to an arbitration with Godhra Nagarpalika (total claim Rs. 703.72 lakhs, ECL provision of Rs. 77.43 lakhs). Operating cash flow was positive at Rs. 49.14 lakhs standalone, and the company has no standalone borrowings.
Strong topline and profit growth, a clean audit opinion, and positive operating cash flow are positives for shareholders. However, a meaningful chunk of FY25 revenue is unbilled and dependent on a pending arbitration outcome, which is a key risk to monitor. Overall, the results are encouraging but contingent on the arbitration award.