Financial Performance Overview
Prostarm Info Systems Limited reported strong financial results for FY2025-26 with consolidated revenue from operations reaching ₹385.77 crore, representing 10% growth from ₹350.65 crore in FY25. Net profit attributable to ordinary shareholders grew by 11.2% to ₹33.01 crore from ₹29.68 crore in the previous year. Standalone performance showed revenue of ₹37,788.05 lakhs (9.25% growth) and PAT of ₹3,474.26 lakhs (13.86% growth).
Capital Structure and Corporate Actions
The company successfully completed its Initial Public Offer (IPO) comprising fresh issue of ₹16,800 lakhs, with shares listed on NSE/BSE on June 3, 2025. This increased equity capital to ₹5,887.46 lakhs and securities premium to ₹13,293.48 lakhs. The board proposed a preferential issue of up to 29,43,717 convertible warrants at ₹147 per warrant aggregating ₹43.27 crore to 22 non-promoter allottees, primarily for working capital requirements. The company also implemented an ESOP plan granting 1,644,250 options with ₹0.98 crore expense recognized.
Operational Highlights and Expansion
Prostarm maintained a robust order book of ₹1,106.4 crore across 64 projects. The company is expanding manufacturing capabilities with a 1.2 GWh BESS facility in Jhajjar, Haryana and a UPS facility in Bakrol, Gujarat, both expected to commence operations in Q2 FY27. The company operates 3 existing facilities in Pune and Navi Mumbai with 1.55 lakh sq. ft. area and employs 428 personnel with pan-India presence through 23 branch offices across 18 States.
Subsidiary Developments
The company acquired the remaining 49% equity interest in Prostarm Energy Systems Private Limited for ₹1,159 lakh, making it a wholly-owned subsidiary. It also incorporated two new subsidiaries - Prostarm Bihar BESS Private Limited (August 19, 2025) and Prostarm Karnataka BESS Private Limited (September 9, 2025) - with investments of ₹5 lakh each. Total investment in subsidiaries reached ₹1,514.78 lakh.
19th Annual General Meeting
The board announced the 19th AGM on September 11, 2026 to seek shareholder approval for key matters including: adoption of financial statements, re-appointment of Mr. Ram Agarwal as Director, appointment of M/s Valawat and Associates as Statutory Auditors for 5 years, alteration of MOA to include system integration and BESS projects, and ratification of the preferential warrant issue.
Financial Position and Risk Management
The company showed strengthened balance sheet with total equity of ₹30,183.76 lakhs (standalone) and net debt to equity ratio of 0.29. Trade receivables increased to ₹25,429.64 lakhs while borrowings stood at ₹8,332.87 lakhs (current) and ₹79.04 lakhs (non-current). Contingent liabilities totaled ₹9,492.86 lakh, primarily from bank guarantees (₹6,875.04 lakh) and GST/customs demands (₹2,606.52 lakh). The company manages foreign currency risk (₹37.58 lakh net payable) and interest rate risk (100 bps increase would impact by ₹82.79 lakh).
Regulatory Compliance and Forward Outlook
The company confirmed compliance with SEBI listing regulations and various statutory requirements. CARE Ratings assigned Long-term Bank Facilities: CARE A- Stable and Short-term Bank Facilities: CARE A2. Prostarm is positioned to benefit from India's energy transition and growing demand for power storage solutions, with expanding capabilities in BESS, solar integration, and power conditioning markets.