Financial Performance Overview
Om Infra Limited reported standalone revenue of ₹4,684.24 crore and net profit of ₹218.05 crore for FY26, though consolidated revenue declined approximately 30% to ₹5,000.56 crore from the previous year. The company declared a final dividend of ₹0.50 per equity share, payable subject to shareholder approval at the 54th AGM scheduled for September 12, 2026.
Audit Qualification & Reporting Issues
The statutory auditor, Ravi Sharma & Company, issued a qualified opinion due to inability to verify ₹2,885.28 lakhs of unbilled revenue approvals from project authorities. Management maintains these amounts are under verification and will be approved in due course. The company also submitted a revised Annual Report to rectify an inadvertent attachment error in regulatory filings.
Operational Highlights & Order Book
The company maintains a robust unexecuted order book of ₹2,107 crores, comprising ₹1,351 crores from Jal Jeevan Mission and ₹756 crores from dam hydro-mechanical components. Major achievements include successful water impounding at the ₹615.17 crore Isarda Dam Project and a new ₹129 crore order from UP Jal Nigam for SCADA-automated water infrastructure.
Subsidiaries & Arbitration Cases
Key subsidiaries include Bhilwara Jaipur Toll Road (51.28% holding) with ₹587 crore arbitration award under finalization in Rajasthan High Court, and Gurha Thermal Power (50% JV) with ₹53 crore award pending in Supreme Court. The company expects ₹700+ crores in cash realizations from non-core assets and arbitrations over the next 2-3 years.
Financial Position & Borrowings
Total borrowings stood at ₹16,734.90 lakhs with current maturities of ₹14,666.60 lakhs. Working capital loans from SBI, IDBI, BOB, HDFC, and other banks are secured by hypothecation of current assets, mortgage of properties, and personal guarantees of directors. Investments in subsidiaries and JVs totaled ₹15,664.44 lakhs.
Future Outlook & Guidance
Management provided FY27 revenue guidance of ₹700-750 crores with EBITDA margins of 7-8%, targeting fresh order inflows of ₹1,500 crores in hydro-mechanical, pumped storage, STP, and water infrastructure projects. The company continues to focus on resolving arbitration cases and monetizing non-core assets.
Corporate Governance & Compliance
The Board comprises Dharam Prakash Kothari (Chairman), Sunil Kothari (Vice Chairman), and Vikas Kothari (MD & CEO), along with independent directors. CSR expenditure totaled ₹105 lakhs focused on education, healthcare, and sanitation. CARE Ratings revised the company's rating from CARE BBB- to BB+ with stable outlook.