Artemis Electricals and Projects Limited Announces Unaudited Quarterly Financial Results for Q1 FY26; Highlights Lithium-ion Plant Contract

Artemis Electricals and Projects Limited Announces Unaudited Quarterly Financial Results for Q1 FY26; Highlights Lithium-ion Plant Contract​

Artemis Electricals and Projects Limited, formerly known as Artemis Electricals Limited, has approved its Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026. The results were reviewed by the company's statutory auditor, and key business operations and projects were highlighted in the associated reports.

The Board of Directors formally approved the financial outcomes following a meeting held on August 13, 2026. The filings confirm that both the Standalone Unaudited Financial Results and the Consolidated Unaudited Financial Results for the quarter ended June 30, 2026, were approved by the company.

Operational Updates and Project Milestones​

The management provided significant updates regarding ongoing projects and factory operations within the quarterly reports. Artemis Electricals and Projects Limited has entered into a contract with its related party, Electroforce (India) Limited (EIL), to supply and commission a Lithium-ion battery plant at its facility in Thane. This agreement was previously approved by shareholders in their Annual General Meeting held on September 24, 2021.

As of June 30, 2026, the company had made several adhoc payments against this contract amount, which are reflected in Capital work in progress and Other non-current assets as Capital advances. The management anticipates that the commissioning of the lithium-ion plant will occur by March 2027.

Regarding manufacturing activities, the reports noted that while factory premises were closed or had negligible activities, management represented that operations commenced at a minimal level, emphasizing the company's current focus on project and project-related works.

Financial Performance Summary (Consolidated)​

The consolidated results for the quarter ending June 30, 2026, show revenue from operations reaching 1,627.48 lakh. The total income stood at 1,627.48 lakh against total expenses of 1,438.45 lakh.

Key financial figures from the Unaudited Consolidated Financial Results are detailed below:

Auditor's Review and Reporting Notes​

The independent auditor noted that they did not participate in the physical verification of inventories for raw material, finished goods, work in progress, or stock in trade, stating instead that they relied on certificates provided by management.

Furthermore, the reports highlighted operational constraints in disclosure:

• Operating Segments: Disclosure under Ind AS 108 'Operating Segments' could not be provided as sufficient information was unavailable with management. The company conducts business in only one geographical segment, which is India.
• Related Party Transactions: All transactions conducted with related parties were reported to be done as per the provisions of the Companies Act, 2013, and at arm’s length.

AEPL Stock Price Movement​

Today, the stock of Artemis Electricals and Projects Limited edged higher, closing at ₹15.67 after climbing 0.77%. The company’s shares saw a traded volume of 21,644 during the session.