EPACK Durable's audited FY26 results confirm steep PAT drop, no fresh surprise
Standalone PAT fell 70% YoY to ₹17.6 crore, with a qualified audit opinion on disputed receivables. Numbers were already disclosed; the audited filing adds only routine governance changes.
— 6 earlier stories on EPACK Durable Ltd. →What's new
- Audited results confirm earlier disclosed standalone PAT of ₹17.6 cr (down 70% YoY) and consolidated PAT of ₹3.26 cr.
- Audit qualified on disputed trade receivables of ₹19.61 cr; PLI income reversal and RIPS incentives recognition already flagged.
- Appointment of Company Secretary, reappointment of MD, and cessation of a senior manager – routine governance items.
Why this matters
The audited filing carries no incremental financial news. The market already absorbed the 70% PAT drop and the qualified opinion. The routine governance changes are non-events. For investors, the story remains the disputed receivables and the sustainability of earnings without PLI income.
What we're watching
- Resolution of the ₹19.61 cr disputed trade receivables.
- Whether PLI income reversal is a one-off or signals broader policy risk.
- Any further disclosures on RIPS incentives and their impact on future margins.
The full read
EPACK Durable's audited FY26 results are a procedural confirmation of the numbers it released earlier. Standalone PAT fell 70% to ₹17.6 crore, dragged by a qualified audit opinion on ₹19.61 crore in disputed trade receivables and a reversal of PLI income. The audited filing adds no new financial insight – the core picture of a steep earnings decline and audit concerns was already priced. The only additions are routine governance changes: a new Company Secretary, the reappointment of the Managing Director, and the departure of a senior manager. None alter the investment thesis. The open question is whether the disputed receivables get resolved and what replaces PLI income in future periods.
EPACK Durable Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on EPACK →- 20 May 2026 · 10:18 PM IST EPACK Durable's audited FY26 results confirm steep PAT drop, no fresh surprise
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- 46d ago EPACK Durable reverses ₹32.4 cr in PLI income after missing targets
- 52d ago EPACK Durable E-pavo profitability delayed to FY28, revenue slips 12.7%