Global growth is projected at 3.0 percent in 2026 and 3.4 percent in 2027, down from the average of 3.5 percent observed in 2024-25. The modest slowdown reflects the effects of the war in the Middle East, partly offset by accelerated demand-driven momentum in the global technology cycle on account of advances in artificial intelligence (AI) and its adoption. The impact varies widely based on countries exposure to the conflict and their position in the technology value chain: energy exporters outside the conflict zone benefit from favourable terms of trade, while economies plugged into the technology-led upturn experience stronger activity even as energy importers; in contrast, activity has weakened for energy importers with limited participation in the technology value chain.
In emerging market and developing economies, growth is projected to slow to 3.8 percent in 2026 before recovering to 4.5 percent in 2027. Chinas 2026 growth is projected to slow to 4.6 percent, as higher global oil prices, together with protracted uncertainty and structural headwinds, weigh on activity. India remains among the fastest-growing major economies, with growth projected at 6.4 percent, supported by strong momentum in private consumption and services activity.
The Indian economy grew at 7.7% in FY 2025-26 (Provisional Estimates, MoSPI, released June 2026), compared to 7.1% in FY 2024-25 - among the fastest expansion rates in recent years, aided by a revised GDP calculation framework (new base year 2022-23) and resilient domestic demand.
Indias nominal GDP (at current prices) is estimated to have attained a level of 346.36 lakh crore in FY 2025-26 (318.07 lakh crore in FY 2024-25), a growth of 8.9%. The manufacturing sector expanded by 10.7% (against 9.3% in FY 2024-25), while the services sector - trade, repair, hotels, transport and communication - grew 11% (against 6.6% in the previous year). Gross Fixed Capital Formation, a proxy for investment activity, grew 8.2% (against 6.4% in FY 2024-25), reflecting sustained capacity expansion.
The Indian rupee weakened sharply during FY 2025-26, closing around 96.40 against the US dollar on the last trading day of the year (85.45 on March 31, 2025) - a depreciation of nearly 13%, driven largely by the outbreak of conflict in the Middle East and consequent volatility in global energy and financial markets during the second half of the year. CPI inflation averaged an estimated 3% for FY 2025-26, considerably lower than FY 2024-25, aided by a prolonged decline in food prices and GST rate rationalisation effective September 2025 - though inflation began edging back above the RBIs 4% target from the fourth quarter onward amid the geopolitical shock.
The global economy and energy system continued to be shaped by geopolitical realignment, the accelerating adoption of AI, and climate-related disruptions. The outbreak of conflict in the Middle East during FY 2025-26 introduced fresh volatility into energy markets, pushing global oil prices higher and complicating the outlook for energy importers, even as some economies integrated into the AI-driven technology value chain saw offsetting momentum. Amid this volatile backdrop, the shift toward a cleaner energy economy continued, driven by ongoing deployment of low-emissions alternatives, though the case for continued fossil-fuel investment strengthened somewhat given the renewed energy-security concerns arising from the conflict.
Clean electrification, efficiency improvements, and a switch to lower- and zero-carbon fuels remain the key levers available to emerging and developing economies pursuing their national energy and climate targets, even as near-term energy security considerations have gained prominence.
Our Companys operations belong to a single segment and therefore no segment wise performance given.
The Company continues to explore possibilities of undertaking activities relating to trading business and commission-based activities. Under the present scenario, this segment of activities continues to appear profitable to the Company. The Company has curtailed expenditure substantially. Due to unorganized players, evolving regulatory compliance requirements, and increased competition, it remains challenging to maintain a strong position in the market.
Your company has a robust risk management framework which is crucial for ensuring safe, efficient, and reliable operations. This framework involves identifying, assessing, and mitigating risks to protect both personnel and assets while maintaining operational integrity. Continuous monitoring and adaptive strategies have aided in maintaining a resilient and robust risk management framework. The risk methodology categorises risks as high, medium, low and risk at radar at multi-disciplinary levels.
At Evexia Lifecare, we understand that our employees are the foundation of our success and key to achieving our long-term business goals. We remain dedicated to investing in their development by equipping them with essential skills, creating opportunities for growth, and fostering a supportive environment where they can excel.
Evexia Lifecare has implemented comprehensive policies and procedures across all financial, operational, and compliance functions. Our internal control system is well-suited to our companys size and business nature, incorporating appropriate monitoring procedures.
Financial and Operational performance is provided in the Board of Directors Report and the same can be referred to in point no. 1 of the Directors Report.
Statements made in this report describing the Companys objectives, projections, estimates and expectations may be forward-looking statements within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include economic conditions affecting the markets in which the Company operates, changes in Government regulations, tax laws and other statutes, and incidental factors.
DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS THEREFOR, INCLUDING:
| Name of Ratio | 2025-26 | 2024-25 | % Change | Reason of change |
| Debtors Turnover Ratio | 0.95 | 0.95 | Yes | No significant change. Revenue increased by about 26%, and trade receivables increased in line with it, so the ratio stayed broadly the same. |
| Inventory Turnover Ratio | 60.91 | 65.83 | Yes | Cost of goods sold rose with higher sales volume, while closing inventory fell from 207.53 lakh to 166.89 lakh. Stock therefore moved faster, which increased the ratio. |
| Interest Coverage Ratio | 345.57 | 15.54 | Yes | Finance costs fell sharply from 36.16 lakh to 0.60 lakh because no finance cost arose on FCCBs and loans from other corporates were repaid. Profit before interest and tax also improved, so the ratio increased substantially. |
| Current Ratio | 1.69 | 1.71 | Yes | No significant change. Current assets and current liabilities both increased marginally during the year. |
| Debt Equity Ratio | 0.86 | 0.86 | Yes | No significant change. Borrowings and equity both increased marginally during the year. |
| Operating Profit Margin Ratio | 3.62% | 4.64 | Yes | The margin fell because purchase costs of traded goods rose faster than sales realisation. |
| Net Profit Margin Ratio | 1.44% | 0 |
Evexia Lifecare Limited Sd/- Jayesh Raichandbhai Thakkar Place- Vadodara Chairman and Managing Director (DIN - 01631093) Date- 03/09/2026
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