Om Power Transmission Limited announced the outcome of its Board Meeting held on October 31, 2026, wherein the Board approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026. The meeting commenced at 04:00 PM IST and concluded at 04:37 PM IST.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹12,829.41 lakhs
  • Other Income: ₹114.46 lakhs
  • Total Income: ₹12,943.87 lakhs
  • Profit Before Tax: ₹1,802.04 lakhs
  • Total Tax Expense: ₹417.24 lakhs (including current tax of ₹394.35 lakhs, tax for earlier period of -₹56.62 lakhs, and deferred tax of ₹79.51 lakhs)
  • Profit After Tax: ₹1,384.80 lakhs
  • Other Comprehensive Income: ₹25.29 lakhs
  • Total Comprehensive Income: ₹1,410.09 lakhs
  • Basic and Diluted EPS: ₹4.04 per share (not annualized)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹24,992.60 lakhs
  • Other Income: ₹193.73 lakhs
  • Total Income: ₹25,186.33 lakhs
  • Profit Before Tax: ₹3,203.56 lakhs
  • Total Tax Expense: ₹766.82 lakhs (including current tax of ₹659.21 lakhs, tax for earlier period of -₹56.62 lakhs, and deferred tax of ₹164.23 lakhs)
  • Profit After Tax: ₹2,436.74 lakhs
  • Other Comprehensive Income: ₹38.06 lakhs
  • Total Comprehensive Income: ₹2,474.80 lakhs
  • Basic and Diluted EPS: ₹7.24 per share (not annualized)

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹41,200.45 lakhs (vs. ₹34,185.68 lakhs as at March 31, 2026)
  • Non-current Assets: ₹5,835.71 lakhs (including Property, Plant and Equipment of ₹1,111.78 lakhs and Investment Property of ₹518.13 lakhs)
  • Current Assets: ₹35,364.74 lakhs (including Inventories of ₹1,520.60 lakhs, Trade Receivables of ₹23,705.73 lakhs, and Cash & Cash Equivalents of ₹2,114.21 lakhs)
  • Total Equity: ₹28,343.26 lakhs (vs. ₹13,694.04 lakhs as at March 31, 2026)
  • Equity Share Capital: ₹3,424.50 lakhs (vs. ₹2,667.00 lakhs as at March 31, 2026)
  • Other Equity: ₹24,918.76 lakhs (vs. ₹11,027.04 lakhs as at March 31, 2026)
  • Total Liabilities: ₹12,857.19 lakhs (vs. ₹20,491.64 lakhs as at March 31, 2026)

Cash Flow Statement (H1 FY27)

  • Net Cash Used in Operating Activities: ₹(3,820.34) lakhs
  • Net Cash Used in Investing Activities: ₹(3,600.33) lakhs
  • Net Cash Generated from Financing Activities: ₹9,236.20 lakhs
  • Net Increase in Cash and Cash Equivalents: ₹1,815.53 lakhs

Key Developments and Notes

1. IPO Completion: The company completed its Initial Public Offer (IPO) in FY2026-27, issuing 85,75,000 equity shares of face value ₹10 each at an issue price of ₹175 per share. The IPO comprised a fresh issue of 75,75,000 shares and an offer for sale of 10,00,000 shares by selling shareholders. The shares were listed on NSE and BSE on April 17, 2026.

2. IPO Proceeds Utilization: The company received net proceeds of ₹13,256.25 lakhs from the fresh issue (after deducting IPO expenses of ₹1,324.49 lakhs). The utilization of gross proceeds as of September 30, 2026, is as follows:

  • Funding capital expenditure for machinery: ₹45.56 lakhs utilized (₹1,075.38 lakhs unutilized)
  • Pre-payment/repayment of borrowings: ₹2,500.00 lakhs utilized (fully utilized)
  • Funding long-term working capital: ₹5,500.00 lakhs utilized (fully utilized)
  • General corporate purposes: ₹2,810.82 lakhs utilized (fully utilized)
  • Total net proceeds utilized: ₹10,856.38 lakhs (₹1,075.38 lakhs unutilized)

3. New Subsidiary: The company incorporated a wholly-owned subsidiary, OPTL Green Energy Private Limited, on October 5, 2026.

4. Change in Accounting Policy: The company changed its method of depreciation from Written Down Value (WDV) to Straight Line Method (SLM) effective April 1, 2025, based on a technical assessment of expected pattern of consumption of future economic benefits.

5. Segment Reporting: The company operates in a single business segment - "EPC Service" - with activities comprising various types of EPC Contracts & Operation and Maintenance Services Contracts.

6. Labour Code Implementation: The Ministry of Labour & Employment notified the implementation of four Labour Codes effective November 21, 2025. Based on available information, no material financial impact is presently envisaged.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The Limited Review Report was issued by the statutory auditors, O.M.M.S. & Associates Chartered Accountants. The results are available on the company's website and stock exchange portals.