The Board of Directors in its meeting held on May 29, 2026 approved the Financial Results for the Quarter and year ended on March 31, 2026 and other agenda items.
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Nagpur Power & Industries reported consolidated revenue of Rs.841.24 crore for FY26, up 35% from Rs.621.75 crore in FY25, driven by growth in Electrical and Electro-Mechanical divisions. However, the company swung to a consolidated loss of Rs.21.36 crore (vs profit of Rs.27.50 crore in FY25). Standalone results also showed a loss of Rs.26.15 lakh. The Ferro Manganese segment, the company's only standalone operation, reported a loss of Rs.23.53 lakh due to lower other income. Operating cash flows remained negative at Rs.30.05 crore (consolidated). The Board approved reappointment of Executive Chairman Gautam Khandelwal for 3 years and appointed new internal auditors M.V. Ghelani & Co. Auditors gave an unmodified (clean) opinion on the financial statements.
Despite strong revenue growth of 35%, the company reported significant losses due to higher expenses and finance costs. Shareholders should monitor the rising debt levels and negative cash flows. The appointment of new internal auditors and reappointment of the executive chairman are routine corporate actions.