How did the company perform in FY26?

Consolidated revenue grew **68%** to **₹1,085.84 crore**, while net profit rose to **₹53.54 crore**.

Does this filing change the company's financial standing?

No. The company remains under severe liquidity distress with a 'D' credit rating and ongoing legal proceedings.

Was this information expected by the market?

Yes. The financial figures were visible in prior unaudited disclosures, and the operational trajectory was already known.

Earnings · Engineering

SEPC reports audited FY26 results with no new surprises

Q: Are there any new concerns raised by the auditor?

No. The auditor continues to issue a qualified opinion on **₹281.88 crore** in deferred tax assets and **₹148.83 crore** in net overdue contract assets, both of which are recurring issues.

Consolidated revenue rose 68% to ₹1,085.84 crore, but recurring audit qualifications regarding tax assets and receivables persist.

— 1 earlier story on SEPC Ltd. →

SEPC BSE 532945 25 May 2026 · 5:21 PM IST Verify on BSE · NSE

Mkt cap₹1,527 cr

P/E30.66×

ROE1.65%

Debt / eq.0.24

₹53.54 cr Consolidated net profit for FY26.

What's new

Audited FY26 results confirm revenue of ₹1,085.84 crore, a 68% increase.
Net profit reached ₹53.54 crore, more than doubling from the prior year.
Auditor maintains qualified opinion on ₹281.88 crore in deferred tax assets.

Why this matters

The results align with prior disclosures and offer no new information to change the company's outlook. Persistent audit qualifications on receivables and tax assets continue to overshadow the top-line growth.

What we're watching

Any resolution to the ongoing liquidity distress and 'D' credit rating.
Updates on the recovery of the ₹148.83 crore in overdue contract assets.
Future auditor comments on the long-standing deferred tax asset recognition.

The full read

SEPC has released its audited results for FY26, confirming a 68% rise in consolidated revenue to ₹1,085.84 crore and a net profit of ₹53.54 crore. These figures align with previously disclosed unaudited data. The audit report remains qualified, citing the same long-standing concerns: ₹281.88 crore in deferred tax assets and ₹148.83 crore in net overdue contract assets. The company continues to face severe liquidity distress, a 'D' credit rating, and active legal proceedings. This filing is a routine update that provides no material new information. The core issues facing the business remain unchanged.

Questions answered

How did the company perform in FY26?: Consolidated revenue grew 68% to ₹1,085.84 crore, while net profit rose to ₹53.54 crore.
Are there any new concerns raised by the auditor?: No. The auditor continues to issue a qualified opinion on ₹281.88 crore in deferred tax assets and ₹148.83 crore in net overdue contract assets, both of which are recurring issues.
Does this filing change the company's financial standing?: No. The company remains under severe liquidity distress with a 'D' credit rating and ongoing legal proceedings.
Was this information expected by the market?: Yes. The financial figures were visible in prior unaudited disclosures, and the operational trajectory was already known.

Mentioned: SEPC Ltd. · FY26

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SEPC →

Today · 5:21 PM IST SEPC reports audited FY26 results with no new surprises
3d ago SEPC loses ₹230 cr order as MOIL cancels contract