Evans Electric Reports ₹0.43 Cr Loss, Revenue Plunges 54% in FY26

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AuthorAarav Shah|Published at:
Evans Electric Reports ₹0.43 Cr Loss, Revenue Plunges 54% in FY26
Overview

Evans Electric posted a loss of ₹0.43 crore for the fiscal year ended March 31, 2026. The company's revenues also fell sharply by 54.14% year-on-year, reaching ₹1,168.33 Lakhs. Key concerns include a significant drop in revenue and the resignation of its auditor.

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Evans Electric Faces Steep Revenue Drop and Net Loss in FY26

Evans Electric reported a challenging fiscal year ending March 31, 2026, with its standalone revenue dropping by 54.14% to ₹1,168.33 Lakhs. This significant revenue decline led to a standalone net loss of ₹43.06 Lakhs. The company's financial performance has raised concerns, particularly given the substantial decrease in its half-yearly revenue and the recent resignation of its auditor.

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