SEPC Limited Announces Audited Financial Results for FY2026
SEPC Limited announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The results were considered and approved by the Company’s Board of Directors on May 25, 2026.The Company issued its audited results alongside an audit report from its statutory auditors, which included qualified opinions pertaining to specific assets and deferred tax assets.
Financial Highlights
The audited financial statements provide an overview of the Group's performance, covering both consolidated and standalone results.Consolidated Financial Results (Year Ended March 31, 2026)
| Metric | Quarter Ended March 31, 2026 (Rs in lakhs) | Year Ended March 31, 2026 (Rs in lakhs) |
|---|---|---|
| Total Income from Operations (Net) | 28,895.26 | 1,08,583.90 |
| Total Comprehensive Income | 1,592.16 | 5,611.72 |
| Total Assets | — | 2,77,975.30 |
| Total Liabilities | — | 2,38,703.21 |
| Earnings Per Share (Basic) | 0.07 | 0.30 |
Standalone Financial Results (Year Ended March 31, 2026)
| Metric | Year Ended March 31, 2026 (Rs in lakhs) |
|---|---|
| Total Income from Operations | 57,909.09 |
| Total Comprehensive Income | 2,066.17 |
| Total Assets | 2,77,975.30 |
| Total Liabilities | 89,929.50 |
| Earnings Per Share (Basic) | 0.12 |
Audit Observations and Qualifications
The statutory auditors issued a qualified opinion on the financial statements, citing concerns regarding the valuation of specific assets and the utilization of deferred tax assets.Key Audit Qualifications
The qualified opinion focused on two main areas:1. Deferred Tax Asset (DTA)
The audit report noted that the carrying value of the Deferred Tax Asset (DTA) on March 31, 2026, was recognized on carried forward business losses totaling Rs. 80,665.52 lakhs. The DTA amount recognized as of March 31, 2026, stood at Rs. 28,187.76 lakhs (compared to Rs. 29,548.46 lakhs on March 31, 2025). The qualification stems from the non-availability of sufficient appropriate audit evidence to confirm whether sufficient taxable profits will be available in the future against which these carried forward business losses can be utilized.
2. Non-Current Assets and Receivables
The auditors also qualified their opinion regarding two categories of assets:
- Non-Current Contract Assets: As of March 31, 2026, overdue balances were noted at Rs. 9,037.98 lakhs (March 31, 2025: Rs. 6,959.44 lakhs), net of provisions.
- Non-Current Trade Receivables: Overdue balances were reported at Rs. 5,844.92 lakhs (March 31, 2025: Rs. 495.18 lakhs), net of provisions.
These receivables relate to projects stalled due to delays in obtaining regulatory approvals and accounts of disputes. The qualification was issued due to the non-availability of sufficient audit evidence to corroborate the recoverability of these balances.
Operational Updates
The Statement of Consolidated Audited Financial Results also provided a breakdown of total expenses, showing key figures for the year ended March 31, 2026, compared to the previous year:| Expense Category | Year Ended March 31, 2026 (Rs in lakhs) | Year Ended March 31, 2025 (Rs in lakhs) |
|---|---|---|
| Cost of Materials, Erection, Construction & Operation Expenses | 89,091.02 | 47,256.99 |
| Employee Benefits Expense | 2,899.95 | 3,271.27 |
| Finance Costs | 4,077.92 | 4,477.82 |
| Depreciation and Amortization Expense | 487.62 | 508.78 |
| Other Expenses | 5,700.97 | 4,179.60 |
SEPC Stock Price Movement
Shares of SEPC Limited today slipped by 0.64% to settle at ₹7.86. The stock traded a total volume of 29.51 million shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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