Elpro International Q4 FY26: Loss ₹91.97 Cr, Sales +165%

Results season focus as August date approaches

Elpro International is heading into the June-quarter results season with an indicated results window around July to August 2026, while a separate listing on the page flags “Upcoming Results” on 14 August 2026. The stock was shown trading around Rs 175.20 on August 10, 2026 (09:58:35), and a separate snapshot on the same page displayed Rs 180.06. The immediate context for investors is the sharp contrast between the company’s March 2026 quarter performance and the year-level numbers cited on the page. The March quarter carried a large consolidated loss even as revenue rose strongly year-on-year. The company has also disclosed that its FY26 audited results carry an unmodified audit opinion, which typically signals no qualifications from statutory auditors.

What the March 2026 quarter reported

For the quarter ended March 2026, the page cites “consolidated net loss of Rs 91.97 crore” versus a profit of Rs 7.37 crore in the March 2025 quarter. Over the same period, sales rose 165.37% to Rs 185.44 crore in March 2026 from Rs 69.88 crore in March 2025. Another data panel summarising the audited quarterly metrics lists total revenue for the March 2026 quarter at Rs 166.90 crore, operating profit at -Rs 70.22 crore, and adjusted EPS at -Rs 5.43. The same panel shows that the preceding December 2025 quarter had total revenue of Rs 216.19 crore and net profit of Rs 93.80 crore. Put together, the numbers indicate a steep quarter-on-quarter reversal in profitability despite revenue remaining sizeable.

Audited FY26 board approval and audit status

Elpro International said its Board of Directors met on April 28, 2026 to approve audited financial results for the quarter and financial year ended March 31, 2026. The company also disclosed that its statutory auditors issued an unmodified opinion on these results. The filing referenced “Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended on March 31, 2026,” and noted that the financial results were made available on the company’s website. This board outcome matters because it anchors the March 2026 quarter numbers in audited disclosures rather than provisional updates.

Standalone versus consolidated snapshot in the same update

A quarterly results note on the page provides separate standalone and consolidated income figures. Standalone total income was reported at 7,382.94 lakhs, which is Rs 73.83 crore, and net profit after tax was 549.49 lakhs, or Rs 5.49 crore. Consolidated total income in that snapshot was 16,690.05 lakhs, or Rs 166.90 crore. The same note highlights a “sharp net loss” of 9,197.10 lakhs, which converts to Rs 91.97 crore, aligning with the March 2026 consolidated quarterly net loss figure quoted elsewhere on the page. For FY26, another line item under consolidated annual numbers states: revenue from operations of 52,814.25 lakhs, which is Rs 528.14 crore, and net profit of -9,197.10 lakhs, or -Rs 91.97 crore, for the year ended March 31, 2026.

Full-year sales and profit figures also cited

Separately, the page also states that for the full year ended March 2026, net profit rose 32.16% to Rs 87.37 crore compared with Rs 66.11 crore in the year ended March 2025. It also states that sales rose 35.34% to Rs 528.14 crore in FY26 from Rs 390.23 crore in FY25. These full-year figures provide a broader frame than the loss-making March quarter, but they sit alongside an audited FY26 consolidated line item on the page that lists annual net profit as -Rs 91.97 crore. Investors tracking the stock typically reconcile such differences by referring to the audited standalone and consolidated statements in the published results document.

How quarterly revenue has moved over time

A longer quarterly revenue series on the page shows volatility across quarters from June 2023 through March 2026, including a negative revenue figure for December 2024. While the table is presented as “Revenue RevenueCr,” it provides a quick view of how reported revenue has swung across reporting periods.

Key audited quarterly metrics at a glance

The audited snapshot table on the page summarises total revenue, operating profit, net profit, and adjusted EPS for March 2026, December 2025, and March 2025, along with quarter-on-quarter and year-on-year changes.

Peer screen and stock levels tracked on the page

The same page lists DLF, Lodha Developers, and Indus Towers as listed peers, along with one-day percentage changes at the time of capture: DLF (2.02%), Lodha Developers (1.57%), and Indus Towers (-4.39%). Elpro International’s own price points shown include Rs 175.20 (August 10, 2026 timestamp) and Rs 180.06 in the Q1 results snapshot, while another reference puts the CMP at Rs 174. These multiple price references suggest the data was compiled from more than one market snapshot on or around the same period.

Estimates referenced for Q1 FY27 and what they imply

The page also includes a “Uniresearch” estimate range for Q1 FY27: revenue of Rs 199 to 228 crore, compared with a Q1 FY26 base of Rs 142 crore, implying a 50% year-on-year increase in revenue in that framework. For profit after tax, it cites an estimate range of Rs 33 to 42 crore, compared with a Q1 FY26 actual of Rs 74 crore, implying a 50% year-on-year decline. It also references a target range of Rs 208 to 231 and describes the stance as “constructive bias.” These are presented as estimates on the page, not company guidance, and they sit alongside the “Upcoming Results” marker for mid-August 2026.

Market impact: why these numbers matter

The most immediate market signal in the disclosed data is the divergence between year-on-year sales growth and the profitability swing in the March 2026 quarter. Sales growth of 165.37% in that quarter contrasts with a net loss of Rs 91.97 crore and negative operating profit in the audited snapshot. In practice, such a combination tends to push investors to focus on the composition of expenditure, the role of other income, and the effect of interest costs, all of which are highlighted in the standalone quarterly P&L table on the page (for example, interest listed at Rs 25.82 crore for Mar 2026 in that table). The next results update, expected in the broader July to August 2026 window and flagged specifically for August 14 on the page, is likely to be tracked closely for clarity on earnings trajectory.

Conclusion

Elpro International’s audited March 2026 quarter was marked by a consolidated net loss of Rs 91.97 crore even as sales rose sharply year-on-year. The company’s board approved FY26 audited results on April 28, 2026 with an unmodified audit opinion, and investors now look to the next June-quarter update expected around July to August 2026, with August 14 flagged as an upcoming results date on the page. Until then, the key reference points remain the March quarter profitability swing, FY26 revenue cited at Rs 528.14 crore, and the company’s disclosed standalone and consolidated income snapshots.