Supertech EV posts ₹3.93 cr profit in first post-listing annual audit
The nano-cap EV maker reported ₹78.19 cr in total income for FY26, confirming the full deployment of its ₹29.89 cr IPO proceeds.
What's new
- Supertech EV reported total income of ₹78.19 cr for FY26.
- The company confirmed full utilization of its ₹29.89 cr IPO proceeds.
- A minor ₹3.00 lakh timing mismatch in fund usage was rectified.
Why this matters
This is the first annual audit since the company listed, providing a necessary baseline for its growth. The clean confirmation of IPO fund usage removes uncertainty regarding management's capital discipline in a crowded EV market.
What we're watching
- Whether the company can scale revenue beyond the current ₹78.19 cr base.
- Future margin trends in the competitive EV segment.
- Any updates on new capital expenditure plans.
The full read
Supertech EV has cleared its first post-listing annual audit. The company reported a total income of ₹78.19 crore and a profit after tax of ₹3.93 crore for the year ended March 31, 2026.
It confirmed the full deployment of ₹29.89 crore in IPO proceeds toward working capital and debt reduction. While management noted a minor ₹3.00 lakh timing mismatch in fund usage, it was rectified, leaving no material deviations in capital deployment. These figures provide the first concrete baseline for investors to evaluate the company's performance in the electric vehicle segment. The clean report on IPO fund usage offers clarity on management's execution of its stated strategy.
It is a clean start. The next test is whether the company can build on this foundation to scale its operations in a highly competitive market.
Questions answered
- What were the key financial results for Supertech EV in FY26?
- The company reported a total income of ₹78.19 crore and a profit after tax of ₹3.93 crore for the full year ended March 31, 2026.
- How did the company use its IPO proceeds?
- Supertech EV utilized the full ₹29.89 crore raised in its IPO for working capital and debt reduction.
- Were there any issues with the fund utilization?
- There were no material deviations. The company identified and rectified a minor timing mismatch of ₹3.00 lakh.
- Is this the first time the company has reported audited annual results?
- Yes, this is the first annual audit for the company since its listing.