Outcome of the Board Meeting and Approval of Unaudited Financial Results for the Quarter and six months ended on September 30, 2025
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Panasonic Energy India's Board approved its Q2 and H1 FY26 unaudited results on October 31, 2025. Revenue from operations was nearly flat year-on-year at Rs 6,864 lakhs for the quarter, while H1 revenue declined about 3.8% to Rs 12,665 lakhs versus Rs 13,163 lakhs last year. Profit after tax fell sharply, dropping roughly 52% quarter-on-quarter to Rs 192 lakhs and about 66% for H1 to Rs 276 lakhs (vs Rs 818 lakhs), with H1 EPS at Rs 3.68 vs Rs 10.91. The auditor B S R and Co issued an unmodified (clean) limited review report. The company also disclosed a change in depreciation method from Written Down Value to Straight Line Method, which lifted depreciation by Rs 29.78 lakhs in Q2, and flagged ongoing uncertainty around the Battery Waste Management Rules.
Despite stable top-line numbers, the steep drop in profits points to significant margin pressure and rising costs, which is negative for near-term earnings sentiment. Investors should also keep an eye on regulatory uncertainty from battery waste rules and the impact of the depreciation method change on future reported profits.