Solar energy project construction site with rows of panels and muddy track.
Epic Energy reported a significant 45% decline in consolidated net profit for the financial year ended March 31, 2026, landing at ₹69.43 lakh, a steep drop from ₹130.54 lakh the previous year. The earnings dip occurred despite a 14% surge in total revenue, which climbed to ₹487.15 lakh, primarily fueled by the Renewable Energy Solutions segment contributing ₹377.56 lakh. The company’s Board of Directors greenlit these audited financials on May 28, 2026.
The profitability downturn is attributed to escalating expenses, which rose to ₹417.80 lakh in FY26 from ₹326.21 lakh in FY25, compounded by higher finance costs. Consequently, the Earnings Per Share (EPS) on a consolidated basis also decreased, from ₹1.81 to ₹0.96. For the quarter ending March 31, 2026, consolidated net profit stood at ₹33.38 lakh, down from ₹63.26 lakh in the corresponding quarter of the previous year, while quarterly revenue from operations decreased to ₹187.85 lakh from ₹238.07 lakh.
The Renewable Energy Solutions segment remains a key revenue driver, posting a segment profit before tax of ₹70.06 lakh for the year. The Power Saving Solutions segment reported a modest profit of ₹0.79 lakh, while the EV Charging Infrastructure segment recorded a loss of ₹1.91 lakh. Epic Energy is currently executing solar energy generation projects in Maharashtra and Gujarat, slated for commissioning by the end of Q2 FY27.
Net cash from operating activities showed substantial improvement, reaching ₹160.40 lakh in FY26, up from ₹16.02 lakh in the previous year, bolstered by an increase in trade payables. Total assets have swelled to ₹2,045.71 lakh from ₹1,064.72 lakh, propelled by a surge in capital work-in-progress and investments. As of March 31, 2026, cash and cash equivalents totaled ₹146.18 lakh.
Looking ahead, the Board has approved the re-appointment of M/s Mukesh M. Chokshi & Co as the Internal Auditor for FY27. The statutory auditors, M/s NGST & Associates, issued an unmodified opinion on the audited financial results, signaling confidence in the company’s financial reporting.
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