Board Meeting Details

The Board meeting was held on August 11, 2026, commencing at 04:30 PM IST and concluding at 05:35 PM IST. The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors.

Financial Results (Quarter Ended June 30, 2026)

The company reported unaudited standalone financial results for Q1 FY2027 (₹ in lakhs):

  • Revenue from Operations: ₹12,163.19
  • Other Income: ₹79.26
  • Total Income: ₹12,242.45
  • Total Expenses: ₹10,840.95
  • Profit Before Tax: ₹1,401.50
  • Total Tax Expense: ₹349.58 (Current Tax: ₹264.86, Deferred Tax: ₹84.72)
  • Profit for the Period: ₹1,051.92
  • Other Comprehensive Income: ₹12.77
  • Total Comprehensive Income: ₹1,064.69
  • Paid-up Equity Share Capital (Face value ₹10 each): ₹3,424.50
  • Earnings Per Share (Basic and Diluted): ₹3.18

Comparative Financials

Comparative figures for previous periods (₹ in lakhs):

  • Quarter Ended March 31, 2026 (Audited): Revenue ₹17,462.21, Net Profit ₹1,665.26, EPS ₹6.46
  • Quarter Ended June 30, 2025 (Audited): Revenue ₹8,886.11, Net Profit ₹834.68, EPS ₹3.39
  • Year Ended March 31, 2026 (Audited): Revenue ₹44,916.49, Net Profit ₹4,002.06, EPS ₹15.53

Key Notes to Financial Results

1. Financial results prepared in accordance with Ind AS and SEBI Listing Regulations.

2. Company operates in a single business segment: "EPC Service" (Various types of EPC Contracts & Operation and Maintenance Services Contracts).

3. Quarterly variations are expected due to project-based nature of business and uneven project progress timelines.

4. Implementation of four Labour Codes effective November 21, 2025 - no material financial impact envisaged based on current assessment.

IPO Completion and Fund Utilization

The company completed its Initial Public Offer (IPO) in FY2026-27:

  • IPO of 85,75,000 equity shares (face value ₹10) at issue price of ₹175 per share
  • Comprising fresh issue of 75,75,000 shares and offer for sale of 10,00,000 shares
  • Listed on NSE and BSE on April 17, 2026
  • Net proceeds received: ₹13,256.25 lakhs (net of IPO expenses of ₹11,931.76 lakhs)

Fund utilization from fresh issue proceeds:

  • Purchase of machinery and equipment: ₹1,120.94 lakhs (45.56% of allocated)
  • Pre-payment/repayment of borrowings: ₹2,500.00 lakhs (100% of allocated)
  • Long-term working capital: ₹5,500.00 lakhs (100% of allocated)
  • General Corporate Purposes: ₹2,810.82 lakhs (100% of allocated)
  • Net Proceeds: ₹11,931.76 lakhs (₹10,856.38 lakhs utilized, ₹1,075.38 lakhs unutilized)
  • Offer related expenses for Fresh Issue: ₹1,324.49 lakhs

New Subsidiary Approval

The Board of Directors, at its meeting held on July 06, 2026, approved the incorporation of a subsidiary in India to be named "OPTL Green Energy Private Limited" (subject to statutory and regulatory approvals).

Change in Depreciation Method

During FY2025-26, the company changed the method of depreciation from Written Down Value (WDV) to Straight Line Method (SLM) effective April 01, 2025. This change in accounting estimate resulted in reduction in depreciation charge for the quarter ended March 31, 2026.

Auditor's Review

O.M.M.S. & Associates Chartered Accountants issued a limited review report stating nothing came to their attention causing them to believe the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410.