EPACK Durable Q2 FY27 Results: Consolidated Net Loss ₹25.07 Crore on Total Income of ₹441 Crore
Earnings
consumer durables
Blacklitt Research3 min read
EPACK Durable (NSE: EPACK) reported a consolidated net loss of ₹25.07 crore on total income of ₹441.07 crore for the quarter ended 30 Sep 2026, while standalone net loss was ₹22.90 crore on total income of ₹437.77 crore, it said in a filing on 29 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹441.07 crore, up 101.0% YoY and down 50.3% QoQ
Net profit: Loss of ₹25.07 crore against a loss of ₹22.25 crore a year ago; EPS ₹-2.60
Finance costs: ₹20.26 crore, 4.6% of total income
Standalone
The company on its own, without its subsidiaries
Total income: ₹437.77 crore, up 97.0% YoY and down 50.7% QoQ
Net profit: Loss of ₹22.90 crore against a loss of ₹17.70 crore a year ago; EPS ₹-2.38
Exceptional item: Impairment of ₹7.13 crore on the Epavo investment
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
441.07
219.42
+101.0%
887.72
-50.3%
Revenue from operations
439.33
213.26
+106.0%
886.02
-50.4%
Other income
1.74
6.16
-71.7%
1.70
+2.3%
-25.07
-22.25
-12.7%
11.82
n/a
Profit before tax
-32.59
-28.68
-13.6%
17.60
n/a
Finance costs
20.26
20.23
+0.1%
20.22
+0.2%
Depreciation
17.96
13.51
+32.9%
16.61
+8.1%
Tax expense
-7.52
-6.44
-16.9%
5.78
n/a
Net profit margin
-5.68%
-10.14%
+4.45 pp
1.33%
-7.01 pp
EPS, basic (₹)
-2.60
-2.32
-12.1%
1.23
n/a
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income more than doubled while the loss widened only slightly. Total income rose 101.0% to ₹441.07 crore, with revenue from operations up 106.0%, but net loss grew 12.7% to ₹25.07 crore. Other income fell 71.7% to ₹1.74 crore, so the rise in income comes almost entirely from operating revenue.
Finance costs were flat at ₹20.26 crore, about 4.6% of total income, while depreciation rose 32.9% to ₹17.96 crore. Against the prior quarter, when the company reported a profit of ₹11.82 crore on income of ₹887.72 crore, the swing to a loss is large, and the filing does not explain it.
The auditors' review report on the consolidated results is qualified over trade receivables of ₹19.61 crore (₹19.61 crore) from one customer, on which no provision has been recognised. The company says it believes there is a high probability of recovery, and the outcome of the dispute is not stated.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
437.77
222.25
+97.0%
888.28
-50.7%
Revenue from operations
434.10
213.26
+103.5%
884.74
-50.9%
Other income
3.68
8.99
-59.1%
3.54
+3.8%
-22.90
-17.70
-29.4%
22.01
n/a
Profit before tax
-28.38
-23.95
-18.5%
30.10
n/a
Finance costs
18.78
20.30
-7.5%
18.74
+0.2%
Depreciation
16.62
13.51
+23.0%
15.29
+8.7%
Tax expense
-5.47
-6.25
+12.4%
8.09
n/a
Net profit margin
-5.23%
-7.96%
+2.73 pp
2.48%
-7.71 pp
EPS, basic (₹)
-2.38
-1.84
-29.3%
2.29
n/a
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone results follow the same pattern with a larger loss. Total income rose 97.0% to ₹437.77 crore and revenue from operations rose 103.5% to ₹434.10 crore, while net loss widened 29.4% to ₹22.90 crore. Other income fell 59.1% to ₹3.68 crore, which is 0.8% of total income.
The standalone statement carries an exceptional item of ₹7.13 crore, an impairment loss on the investment in Epavo Electricals Private Limited, recognised after the company agreed to sell its stake for an agreed consideration. Before this item, the pre-exceptional result is the company's own measure and is not restated here. Incentive income of ₹1.19 crore under RIPS 2024 was recognised in the quarter, and the company says the claim portal is awaited.
The standalone auditors' report is also qualified over the same ₹19.61 crore receivable balance.
Inference
The filing records a sale of the company's entire 50% stake in Epavo Electricals Private Limited to Ram Ratna Wires Limited for cash consideration of ₹15.00 crore, at ₹6.78 a share for 2,21,26,000 shares. The company expects completion by 30 Nov 2026, subject to conditions in the Share Purchase Agreement. The filing does not state the expected financial effect of the sale beyond the impairment.
The chief financial officer, Rajesh Kumar Mittal, resigned for personal reasons with effect from close of business on 31 Oct 2026, and the filing does not name a successor. The board also approved voluntary strike-off of two non-operational subsidiaries, and the filing does not quantify their effect on the financials.
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