EPACK Durable Posts 106% Revenue Jump to ₹439.3 Crore, Net Loss Widens to ₹25.1 Crore

EPACK Durable reported consolidated revenue of ₹439.3 crore for Q2FY27, up 106% from ₹213.3 crore a year earlier, while its net loss widened to ₹25.1 crore from ₹22.2 crore, ScanX reported on October 29, 2026. The company makes room air conditioners, small domestic appliances and large domestic appliances on a B2B OEM/ODM basis for brands including Voltas, Blue Star, Havells and Hisense, according to akta.pro company records.

EPACK Durable's Segment Mix and Cost Pressures

Small domestic appliances and large domestic appliances together brought in ₹168.6 crore, ahead of room air conditioners at ₹161.2 crore for the first time, the company said. Non-RAC segments contributed 63% of total revenue in the quarter. RAC revenue grew 161.2% year on year, SDA and LDA revenue rose 57.1% on air fryers and washing machines, components rose 45.5% to ₹47.5 crore and other revenue rose 435.4% to ₹62.1 crore.

EBITDA rose to ₹7.1 crore from ₹0.5 crore, a margin of 1.62% against 0.23%. The company attributed the wider loss to depreciation of ₹18.0 crore, up 33.3% on new capacity, finance costs of ₹20.3 crore, other income of ₹1.8 crore, down 71.0% because no PLI income was accrued against ₹8.0 crore a year earlier, and a share of joint venture losses that doubled to ₹3.2 crore. For H1FY27, operating revenue reached ₹1,325.3 crore, up 51.3%, while the net loss was ₹13.3 crore against a profit of ₹0.6 crore.

EPACK Durable's EPAVO Stake Transfer to Ram Ratna

The board approved transferring EPACK Durable's 50% stake in the EPAVO Electricals joint venture to partner Ram Ratna Group, the company said. It also approved winding up two subsidiaries, Bumjin India Audio Products Private Limited and Epack Electronic Component Private Limited, to focus capital and management attention on the core business and wholly owned subsidiary EMTPL. Ram Ratna Wires disclosed on August 29, 2026, that the Directorate General of Goods and Services Tax Intelligence, Surat Zonal Unit, had issued a show cause-cum-demand notice on August 27, 2026, seeking ₹29.23 crore in GST dues for FY2021-24 plus interest and penalties, ScanX reported.

EPACK Durable's Record First Quarter

EPACK Durable reported record Q1FY27 revenue of ₹8,860 Mn, driven by 43.8% growth in room air conditioners and 68.9% growth in SDA/LDA segments, ScanX reported in August 2026. On its Q1 2027 earnings call, the company reported record quarterly revenue of Rs 886 crore, driven by strong growth in small and large domestic appliances and a strategic partnership with Hisense, Yahoo reported on August 13, 2026. EPACK Durable filed its FY26 Business Responsibility and Sustainability Report with the NSE and BSE on August 26, 2026, covering five manufacturing plants and a corporate office, ScanX reported.

What Follows the EPAVO Approval

The stake transfer and the winding up of the two subsidiaries were approved by the board, with the EPAVO transfer going to Ram Ratna Group.