The Board of Directors in their meeting held today have approved the Audited Standalone Financial Results for the half year and year ended on 31st March, 2026. Pursuant to Regulation 33 ....
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Promax Power Ltd reported revenue from operations of Rs 7,073.12 Lakhs for FY26, up 6.5% from Rs 6,642.18 Lakhs in FY25. However, profit after tax declined sharply to Rs 85.67 Lakhs from Rs 234.26 Lakhs in the prior year, a drop of about 63%. EPS fell to Rs 0.34 per share from Rs 0.94 per share. The company posted negative operating cash flow of Rs 986.36 Lakhs, a significant deterioration from negative Rs 301.38 Lakhs in FY25. Finance costs increased to Rs 249.24 Lakhs from Rs 183.69 Lakhs. Short-term borrowings rose by Rs 860.50 Lakhs to fund operations. The auditor gave an unmodified (clean) opinion on the financial results.
The stock shows revenue growth but a severe decline in profitability and negative operating cash flow, indicating operational stress. The increased debt levels and cash burn are concerns for shareholders, though the clean audit opinion provides some reassurance.