Epack Durable shares retest IPO price after profits nearly wiped out in Q4, margins narrow

Revenue for the quarter declined by 8% from last year to ₹591 crore, while the profits shrunk to as low as ₹2 lakh from ₹37.7 crore last year.

Earnings Before Interest, Tax, Depreciation and Amortisation fell 64% to ₹25.8 crore, while margins narrowed to 4.4% from 11.2% a year earlier.

The company said that the contribution of the Non-AC portfolio has increased from 20% in financial year 2023 to 42% in financial year 2026. For the full year, RAC business still contributed 58% to the overall topline.

AC sales were down 25% in the March quarter and declined by 33% for the full year. However, the LDA and SDA segment grew by 32% for the quarter and 35% for the year, while the components business grew 50% during the quarter and 102% for the full year. RAC sales were down mainly by temporary demand softness and market normalization.

The management went on to add that the demand for air fryers is very encouraging and the company is gaining good traction with customers in this segment.

For the full financial year, Epack Durable reported a 13% drop in its revenue to ₹1,894 crore, while its EBITDA was down by 27% when compared to financial year 2025.

EBITDA margin also narrowed to 6.1% from 7.3% last year, while net profit dropped by 70% to ₹17.6% from ₹58.2 crore earlier.

Shares of Epack Durable are down 7.4% on Thursday to ₹240. The stock made an intraday low of ₹233, which is close to its IPO price of ₹230. The stock made its stock market debut back in January 2024.