SEPC Limited – Q1 FY26 Results Summary
Announcement Date: August 18, 2025

Key Financial Metrics (Consolidated):

  • Revenue: Rs. 20,227.83 Lakhs, up 72% QoQ (Rs. 11,780.25 Lakhs in Q4 FY25) and 15% YoY (Rs. 17,582.38 Lakhs in Q1 FY25)
  • Net Profit: Rs. 1,654.72 Lakhs, up 65% QoQ and 105% YoY
  • Earnings Per Share (EPS): Rs. 0.11 vs. Rs. 0.06 in both Q4 FY25 and Q1 FY25
  • Profit Before Tax: Rs. 1,904.72 Lakhs
  • Deferred Tax Expense: Rs. 250 Lakhs
  • Total Comprehensive Income: Rs. 1,607.91 Lakhs
  • EBITDA and margin not explicitly disclosed

Balance Sheet / Capital Structure:

  • Equity share capital increased to Rs. 1,76,515.81 Lakhs from Rs. 1,56,365.98 Lakhs in Q4 FY25, reflecting a completed rights issue of 35 crore shares at Rs. 10 face value (aggregate Rs. 35,000 Lakhs; partial proceeds of Rs. 17,500 Lakhs received post quarter)
  • Accumulated losses remain substantial at approx. Rs. 2,09,179 Lakhs (consolidated)
  • Overdue contract assets of Rs. 6,959.44 Lakhs and trade receivables of Rs. 495.18 Lakhs related to stalled projects; provisions of Rs. 926.98 Lakhs and Rs. 82.99 Lakhs respectively
  • Deferred tax assets of Rs. 29,315.05 Lakhs recognized on carried forward losses of Rs. 83,891.52 Lakhs; auditor unable to verify recoverability

Management Commentary:

  • Results prepared on going concern basis supported by resolution plan, equity infusion, rights issue, change in management, and order pipeline
  • Confident of future taxable profits to utilize deferred tax assets
  • Management expects full recovery of overdue receivables despite regulatory delays and one customer liquidation
  • Legal indemnities in place for arbitration liabilities; ongoing arbitration and Supreme Court cases disclosed
  • No changes in accounting policies

Segment Performance:

  • Single reportable segment: Engineering, Procurement and Construction (EPC) only

Key Developments:

  • Completion of rights issue as part of financial restructuring
  • Arbitration award and related Supreme Court directions with payments made by indemnifying parties
  • No acquisitions, disposals, or major capital expenditure reported
  • Some projects stalled due to regulatory delays impacting contract assets and receivables

Outlook:

  • Management emphasizes reliance on successful execution of order pipeline and resolution plan for future profitability
  • No explicit forward guidance provided

This summary reflects SEPC Limited’s Q1 FY26 financial results and key disclosures as of August 14, 2025.