EPL Limited — Quarter and year ended 31 March 2026
| Particulars | Quarter ended 31-Mar 2026 (Refer Note 5) | Quarter ended 31-Dec 2025 (Unaudited) | Quarter ended 31-Mar 2025 (Refer Note 5) | Year ended 31-Mar 2026 (Audited) | Year ended 31-Mar 2025 (Audited) |
|---|---|---|---|---|---|
| 1 Income | |||||
| a. Revenue from operations | 3,531 | 3,468 | 3,167 | 13,829 | 13,230 |
| b. Other income (Refer note 7) | 304 | 950 | 293 | 2,123 | 1,252 |
| Total income | 3,835 | 4,418 | 3,460 | 15,952 | 14,482 |
| 2 Expenses | |||||
| a. Cost of materials consumed | 1,695 | 1,800 | 1,517 | 6,864 | 6,471 |
| b. Changes in inventories of finished goods and work-in-progress | 29 | (118) | 53 | (203) | 97 |
| c. Employee benefits expense | 468 | 448 | 394 | 1,790 | 1,628 |
| d. Finance costs | 101 | 96 | 65 | 330 | 238 |
| e. Depreciation and amortisation expenses | 333 | 295 | 278 | 1,223 | 1,100 |
| f. Other expenses | 741 | 695 | 611 | 2,857 | 2,668 |
| Total expenses | 3,367 | 3,216 | 2,918 | 12,861 | 12,202 |
| 3 Profit before exceptional items and tax (1-2) | 468 | 1,202 | 542 | 3,091 | 2,280 |
| 4 Exceptional items (Refer note 12) | 162 | 53 | 215 | ||
| 5 Profit before tax for the period (3-4) | 306 | 1,149 | 542 | 2,876 | 2,280 |
| 6 Tax expense | |||||
| i) Current tax expense/(credit) | |||||
| – current period | (67) | (116) | (102) | 185 | |
| – earlier period | (4) | (4) | |||
| ii) Deferred tax expense/(credit) | (51) | 1 | 7 | (69) | (4) |
| Total tax expense/(credit) | (122) | (115) | (95) | (73) | 181 |
| 7 Net profit after tax for the period (5-6) | 428 | 1,264 | 637 | 2,949 | 2,099 |
| 8 Other comprehensive income/(loss) | |||||
| i) Items that will not be reclassified to profit or loss: | |||||
| – Remeasurement gains/(losses) on defined benefit plan | 13 | (5) | (6) | 3 | (17) |
| – Changes in fair value of equity investment through OCI | 0 | 0 | 4 | ||
| ii) Income tax effect on above | (3) | 1 | 1 | (1) | 3 |
| Other comprehensive income/(loss) for the period (net of tax) | 10 | (4) | (5) | 2 | (10) |
| 9 Total comprehensive income for the period (7+8) | 438 | 1,260 | 632 | 2,951 | 2,089 |
| 10 Paid-up equity share capital (Face Value Rs. 2 each) | 641 | 641 | 639 | 641 | 639 |
| 11 Other equity | 11,166 | 9,642 | |||
| 12 Earnings Per Equity Share (EPS) (in Rs.) ^ | |||||
| (a) Basic | 1.33 | 3.95 | 1.99 | 9.22 | 6.59 |
| (b) Diluted | 1.33 | 3.94 | 1.99 | 9.20 | 6.57 |
| Particulars | As at 31-Mar 2026 Audited | As at 31-Mar 2025 Audited |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 5,960 | 5,376 |
| (b) Capital work-in-progress | 262 | 240 |
| (c) Right of use asset | 972 | 198 |
| (d) Goodwill | 1,017 | 1,017 |
| (e) Intangible assets | 107 | 103 |
| (f) Intangible assets under development | 48 | 40 |
| (g) Financial assets | ||
| (i) Investments | 4,520 | 2,718 |
| (ii) Other financial assets | 80 | 50 |
| (h) Deferred tax assets (net) | 221 | 153 |
| (i) Income tax assets (net) | 311 | 221 |
| (j) Other non-current assets | 329 | 315 |
| Total non-current assets | 13,827 | 10,431 |
| Current assets | ||
| (a) Inventories | 1,933 | 1,455 |
| (b) Financial assets | ||
| (i) Investments | 100 | 250 |
| (ii) Trade receivables | 3,256 | 2,313 |
| (iii) Cash and cash equivalents | 196 | 319 |
| (iv) Bank balances other than cash and cash equivalents | 62 | 60 |
| (v) Other financial assets | 66 | 265 |
| (c) Other current assets | 314 | 219 |
| Total current assets | 5,927 | 4,881 |
| Total assets | 19,754 | 15,312 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital (Refer note 10) | 641 | 639 |
| (b) Other equity | 11,166 | 9,642 |
| Total equity | 11,807 | 10,281 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 2,457 | 887 |
| (ii) Lease liabilities | 719 | 118 |
| (b) Provisions | 233 | 191 |
| Total non-current liabilities | 3,409 | 1,196 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 1,832 | 1,479 |
| (ii) Lease liabilities | 221 | 102 |
| (iii) Trade payables | ||
| – Dues of micro enterprises and small enterprises | 57 | 115 |
| – Dues of creditors other than micro enterprises and small enterprises | 1,674 | 1,408 |
| (iv) Others financial liabilities | 376 | 345 |
| (b) Provisions | 262 | 167 |
| (c) Other current liabilities | 116 | 219 |
| Total current liabilities | 4,538 | 3,835 |
| Total equity and liabilities | 19,754 | 15,312 |
| Particulars | Year ended 31-Mar-26 Audited | Year ended 31-Mar-25 Audited |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax | 2,876 | 2,280 |
| Adjustments for: | ||
| – Depreciation and amortisation expense | 1,223 | 1,100 |
| – Finance costs | 330 | 238 |
| – Guarantee commission income | (18) | (42) |
| – Interest income | (14) | (27) |
| – Share based payment expenses | 54 | 51 |
| – Unwinding of discount on security deposits | (7) | (9) |
| – Net (gain)/loss on disposal of property, plant and equipment | (12) | 3 |
| – Exceptional items (Refer note 12) | 215 | – |
| – Net gain on sale of mutual funds (current investment) | (11) | (11) |
| – Net gain on buyback of equity shares held in a subsidiary | (177) | – |
| – Dividend income | (1,598) | (913) |
| – Income from government grant | (268) | (242) |
| – Provision towards financial/non-financial assets (net of write backs) | 38 | 40 |
| – Provisions/liabilities no longer required written back | (6) | (4) |
| – Unrealised foreign exchange gain/(loss) | 5 | (4) |
| Operating profit before working capital changes | 2,630 | 2,460 |
| Adjustments for: | ||
| – (Increase) / decrease in trade receivables and other assets | (955) | 345 |
| – (Increase) / decrease in inventories | (507) | 36 |
| – Increase in trade payables and other liabilities | 156 | 24 |
| Cash generated from operations | 1,324 | 2,865 |
| Direct taxes paid (net of refunds) | (86) | (213) |
| Net cash generated from operating activities (A) | 1,238 | 2,652 |
| B. Cash flow from investing activities | ||
| Acquisition of property plant and equipment and intangible assets | (1,547) | (1,484) |
| (including capital work in progress, intangible assets under development, capital advances and capital creditors) | ||
| Proceeds from sale of property, plant and equipment and intangible assets | 47 | 3 |
| Increase in other bank balances | (1) | (3) |
| (Increase)/ decrease in fixed deposits (not considered as cash and cash equivalent) | (1) | 3 |
| Proceeds from redemption/reduction of buy back of equity shares held in a subsidiary | 189 | – |
| Investment in equity shares of subsidiaries | (1,801) | (553) |
| Investment in equity shares of other than subsidiaries | – | (42) |
| Purchase of mutual funds (current investments) | (10,208) | (10,331) |
| Sale of mutual funds (current investments) | 10,369 | 10,092 |
| Guarantee commission received | 16 | 28 |
| Interest received | 14 | 26 |
| Dividend received | 1,598 | 913 |
| Net cash used in investing activities (B) | (1,325) | (1,348) |
| C. Cash flow from financing activities | ||
| Proceeds from issue of equity shares [including securities premium and share application money pending allotment] | 111 | 191 |
| Proceeds from long-term borrowings | 2,190 | 300 |
| Repayment of long-term borrowings | (647) | (531) |
| Proceeds from short-term borrowings | 14,921 | 7,035 |
| Repayment of short-term borrowings | (14,577) | (6,331) |
| Principal payment of lease liabilities | (157) | (145) |
| Interest payment of lease liabilities | (47) | (22) |
| Interest paid | (231) | (205) |
| Dividend paid | (1,599) | (1,526) |
| Net cash generated from / (used) in financing activities (C) | (36) | (1,234) |
| Net changes in cash and cash equivalents (A+B+C) | (123) | 70 |
| Cash and cash equivalents at the beginning of the year | 319 | 249 |
| Cash and cash equivalents at the end of the year | 196 | 319 |
| Particulars | 31-Mar 2026 | 31-Dec 2025 | 31-Mar 2025 | 31-Mar 2026 | 31-Mar 2025 |
|---|---|---|---|---|---|
| a) Net Worth (Rs in million) (Total equity less capital reserve) | 11,409 | 10,941 | 9,883 | 11,409 | 9,883 |
| b) Net profit after tax (Rs in million) | 428 | 1,264 | 637 | 2,949 | 2,099 |
| c) Basic earning per share (Quarterly figures are not annualised) | 1.33 | 3.95 | 1.99 | 9.22 | 6.59 |
| d) Diluted earning per share (Quarterly figures are not annualised) | 1.33 | 3.94 | 1.99 | 9.20 | 6.57 |
| e) Debt-Equity ratio (in times) (Total Borrowings/Total equity) | 0.36 | 0.40 | 0.23 | 0.36 | 0.23 |
| f) Long term Debt to Working Capital (in times) [(Non current borrowings + current maturities of long term borrowings)/(Current assets less current liabilities excluding current maturities of long term borrowings)] | 1.54 | 3.02 | 0.90 | 1.54 | 0.90 |
| g) Total Debts to Total Assets ratio (in %) (Total Borrowings/Total Assets) | 21.71% | 23.05% | 15.45% | 21.71% | 15.45% |
| h) Debt service coverage ratio (in times) [Cash profit before finance costs (excluding IND AS 116 impact) and deferred tax / {(Finance cost (excluding IND AS 116 impact) + Principal repayment of long term borrowing (excluding prepayment) during the period)}] | 2.98 | 6.44 | 4.38 | 4.55 | 4.38 |
| i) Interest service coverage ratio (in times) (Earning before finance costs and tax/Finance costs) | 4.03 | 12.97 | 8.36 | 9.71 | 10.58 |
| j) Current ratio (in times) (Current assets/current liabilities) | 1.31 | 1.01 | 1.27 | 1.31 | 1.27 |
| k) Bad debts to accounts receivable ratio (in %) (Provision for bad and doubtful debts/advances and write offs, if any/Average trade receivable) | 0.03% | 0.00% | 0.16% | 0.18% | 0.85% |
| l) Current liability ratio (in %) (Current liabilities/Total liabilities) | 57.10% | 73.97% | 76.23% | 57.10% | 76.23% |
| m) Trade receivables turnover (in times) (Revenue from operations of trailing twelve months /Average trade receivable) | 4.32 | 4.45 | 5.29 | 4.97 | 5.37 |
| n) Inventory turnover (in times) (Revenue from operations of trailing twelve months/Average inventory) | 7.13 | 7.39 | 8.39 | 8.16 | 8.92 |
| o) Operating margin (in %) (Profit before exceptional items, depreciation and amortisation, interest and tax less other income/Revenue from operations) | 16.94% | 19.25% | 18.69% | 18.23% | 17.88% |
| p) Net profit margin (in %) (Profit after tax excluding exceptional items/ Total Income) | 15.38% | 29.81% | 18.41% | 19.83% | 14.49% |
| Particulars | Quarter ended 31-Mar 2026 (Refer note 6) | Quarter ended 31-Dec 2025 Unaudited | Quarter ended 31-Mar 2025 (Refer note 6) | 31-Mar 2026 Audited | 31-Mar 2025 Audited |
|---|---|---|---|---|---|
| 1 Income | |||||
| a. Revenue from operations | 13,005 | 11,488 | 11,054 | 47,631 | 42,133 |
| b. Other income | 90 | 145 | 104 | 434 | 436 |
| Total income | 13,095 | 11,633 | 11,158 | 48,065 | 42,569 |
| 2 Expenses | |||||
| a. Cost of materials consumed | 5,473 |