EPACK Durable E-pavo profitability delayed to FY28, revenue slips 12.7%
Management flags EBITDA margin contraction and PLI reversal in FY26 concall
— 6 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.
EPACK Durable Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on EPACK →- 21 May 2026 · 10:46 AM IST EPACK Durable E-pavo profitability delayed to FY28, revenue slips 12.7%
- 11d ago EPACK Durable lands ₹1,084 cr Andhra Pradesh incentives
- 29d ago EPACK's tax demand cut to ₹5.89 cr from ₹29.03 cr after IT dept rectification
- 45d ago EPACK Durable reverses ₹32.4 cr in PLI income after missing targets
- 52d ago EPACK's RAC sales drop 24.7%; SDA and components fill the gap