Smarten Power Systems Reports FY26 Revenue Up 20% Amid Cost Spikes
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Smarten Power Systems Limited (SMARTEN) posted FY'26 revenue of ₹242.66 crore, up 20.3% YoY, while taking on one‑off cost spikes.
- Profit After Tax came in at ₹8.80 crore; export revenue fell to ₹22.17 crore from ₹48.5 crore a year earlier.
- Depreciation rose to ₹78.08 lakh (from ₹40.84 lakh) and employee costs climbed to ₹17.67 crore (from ₹14.98 crore) due to a new plant, R&D expansion and 70 new hires.
- A new manufacturing facility was commissioned, expanding the fixed‑asset base 4.4×; the Baddi battery plant is now operational, adding ~₹20 lakh/month in salary expense.
- Geographic reach widened with a first‑time entry into Punjab, generating ~₹1.8 crore, alongside strong domestic growth in East (WB & Bihar) and South India, and ongoing dealer onboarding in Tier‑2/3 cities.
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