Outcome of Board Meeting held on Saturday, 2nd August, 2025 and submission ofUn-Audited Financial Results (Standalone & Consolidated) for the First Quarterended on 30th June, 2025.
EPIGRAL · price
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Awaiting price reaction for this filing.
Epigral Limited reported Q1 FY26 revenue from operations of Rs. 606.54 Cr, down about 6.9% from Rs. 651.20 Cr in the same quarter last year. Profit before tax fell to Rs. 106.73 Cr from Rs. 131.10 Cr YoY, as finance costs jumped roughly 64% to Rs. 23.37 Cr and depreciation rose to Rs. 41.54 Cr. However, reported profit after tax surged to Rs. 160.41 Cr (from Rs. 86.01 Cr) mainly because of a one-time deferred tax credit of about Rs. 80.87 Cr after the company opted for the lower tax regime under Section 115BAA. Excluding that one-time benefit, underlying operating profit actually declined. The Board also approved raising up to Rs. 400 Cr through non-convertible debentures, bonds or other debt instruments. Additionally, the company disclosed a related-party investment of Rs. 0.13 Cr for 26% equity in Pro-Zeal Green Power and Rs. 21.25 Cr in optionally convertible debentures of the same entity, linked to a 19.80 MW wind-solar hybrid power plant, with a 20-year power purchase commitment.
Reported PAT looks strong but is flattered by a one-time tax credit; the core business actually saw lower revenue and lower pre-tax profit, while debt and finance costs are rising. The Rs. 400 Cr fundraise signals further borrowing, which shareholders should monitor for impact on interest burden and leverage.