Financial Performance Overview
Om Infra Limited reported challenging FY26 results with consolidated revenue declining 30% year-over-year to ₹500.06 crore (from ₹712.66 crore in FY25) and net profit dropping 41% to ₹20.23 crore (from ₹34.11 crore). Standalone performance showed revenue of ₹468.42 crore and net profit of ₹21.80 crore. The company maintained a strong order book of ₹2,107 crore, primarily from Jal Jeevan Mission (₹1,351 crore) and dam hydro-mechanical components (₹756 crore).
Audit Qualification & Financial Reporting
The statutory auditors issued a qualified opinion due to inability to verify unbilled revenue of ₹28.85 crore, noting that if adjusted, the company would report a net loss of ₹8.29 crore instead of a profit. Key financial metrics include total assets of ₹1,464.30 crore, borrowings of ₹167.35 crore, and contingent liabilities of ₹52,771.23 lakhs in claims. The balance sheet shows a net debt-to-equity ratio of 0.03x and consolidated net worth of ₹808 crores.
Operational Highlights & Project Updates
The Engineering & Infrastructure division achieved significant milestones including successful water impounding at the Isarda Dam Project (₹615.17 crores) and secured a new ₹129 crore order from UP Jal Nigam. The Real Estate division reported cumulative revenue recognition of ₹275 crores for Pallacia (Jaipur) and ₹63 crores for Om Green Meadows (Kota). The Bandra SRA Project in Mumbai resolved all land clearances with partner Valor Estate Ltd commencing site planning.
Arbitration & Non-Core Asset Monetization
Key arbitration matters include Bhilwara Jaipur Toll Road (₹587 crores award under procedural hearing in Rajasthan High Court, 10% received) and Gurha Thermal Power (₹53 crores award pending in Supreme Court). The company expects over ₹700+ crores from non-core asset monetization over the next 2-3 years.
Dividend & Corporate Governance
The Board recommended a final dividend of ₹0.50 per share for FY26, subject to shareholder approval at the 54th Annual General Meeting scheduled for September 12, 2026. The AGM agenda includes adoption of financial statements, dividend declaration, reappointment of directors, and appointment of statutory auditors. The company maintains a board composition of 6 directors (3 executive, 3 independent) with 5 meetings held during FY26.
Future Outlook & Guidance
For FY27, management provided revenue guidance of ₹700-750 crore with EBITDA margins of 7-8%. The company targets order inflows of ₹1,500 crore focusing on hydro-mechanical, pumped storage, STP, and water infrastructure projects. Credit rating stands at CARE BB+ (Stable) following a downgrade from CARE BBB-.
Related Party Transactions & Compliance
The company seeks approval for related party transactions totaling ₹672 crores with four joint ventures for FY27. CSR expenditure amounted to ₹105 lakhs for FY26. The document represents comprehensive compliance with SEBI Listing Regulations 30, 34, and 36 requirements, with all materials available on company website and stock exchange portals.