EPACK Durable E-pavo profitability delayed to FY28, revenue slips 12.7%
Management flags EBITDA margin contraction and PLI reversal in FY26 concall
— 3 earlier stories on EPACK Durable Ltd. →What's new
- E-pavo profitability pushed to FY28, delayed from earlier expectations.
- EBITDA margin fell to 6.01% from 7.26% in FY25.
- PLI reversal of ₹32.42 crores impacted profitability.
Why this matters
The delay in E-pavo profitability and the revenue decline suggest underlying operational challenges beyond industry headwinds. The PLI reversal and margin compression indicate that the company's growth strategy is facing headwinds.
What we're watching
- E-pavo timeline and any further delays.
- Recovery in revenue in FY27.
- Impact of PLI reversal on cash flows.
The full read
EPACK Durable's FY26 concall revealed a tough year. Revenue fell 12.7%, EBITDA margin shrank to 6.01% from 7.26%, and the company took a ₹32.42 crore PLI reversal. More concerning, management pushed E-pavo profitability to FY28, indicating the B2C strategy is taking longer than expected. On the positive side, RIPS incentives of ₹21.78 crores were recognized and the Hisense partnership is progressing. But the overall picture is of a company battling margin pressure and a delayed flagship project.
Story so far
All notes on EPACK →- Today · 10:46 AM IST EPACK Durable E-pavo profitability delayed to FY28, revenue slips 12.7%
- 4d ago EPACK's RAC sales drop 24.7%; SDA and components fill the gap
- 4d ago EPACK Durable's audited FY26 results confirm steep PAT drop, no fresh surprise
- 4d ago EPACK Durable PAT crashes 70% on disputed receivables, PLI reversal