OM Infra has set a revenue guidance of ₹700-750 crore for FY27, signaling a significant recovery from the ₹500 crore reported in FY26. The company also targeted an EBITDA margin range of 12-14%, aiming to reverse the margin compression seen in recent quarters.

Order Book and Recent Wins

The company’s order book stood at ₹2,014.91 crore as of June 30, 2026. This backlog provides substantial visibility for the guided revenue levels. The presentation highlighted three significant recent additions totaling ₹1,080.26 crore, which represent approximately 72% of the FY27 order-inflow target of ₹1,500 crore.

Key recent awards include:

• ₹482.27 crore Irrigation Project (L1) in Rajasthan
• ₹568.98 crore Mohmela Sirpur Barrage Project (L1) in Chhattisgarh
• ₹29.01 crore Jal Jeevan Mission Supplementary Order in Uttar Pradesh

The ₹32.18 crore contract for the Gosikhurd Lift Irrigation Project in Maharashtra, disclosed earlier this month, adds to this momentum but is smaller in scale compared to the recent large-ticket wins.

Financial Performance and Guidance

Consolidated financials show a dip in top-line performance over the last two fiscal years, with revenue falling from ₹1,114 crore in FY24 to ₹500 crore in FY26. However, Q1FY27 revenue was recorded at ₹124 crore, with a net profit of ₹12 crore. The FY27 guidance implies a YoY growth of at least 40% in revenue.

Strategic Focus Areas

The company plans to capitalize on government initiatives in hydropower and water infrastructure. Key growth drivers include:

• Pumped Storage Projects (PSP): Executing the Kundah PSP (1,000 MW), India's largest, with an unexecuted value of ₹60 crore as of March 31, 2025.
• Jal Jeevan Mission (JJM): JJM projects constitute ₹1,546 crore, or 58%, of the total order book.
• Non-Core Asset Monetization: Expected inflows of ~₹1,200 crore from arbitration awards and asset sales over the next 2-3 years to fund CAPEX and working capital.

What the Numbers Show

The divergence between the declining historical revenue trend (FY24-FY26) and the aggressive FY27 guidance suggests a strategic pivot towards higher-margin, larger-scale projects. The shift in EBITDA margin guidance to 12-14% contrasts sharply with the 6% margin achieved in FY26, indicating management’s expectation that the new order book mix, particularly from hydro-mechanical and PSP segments, will yield better profitability than the previous irrigation-heavy portfolio.

Om Infra Limited shareholders approved the appointment of M/s. Khandelwal Badaya & Co. as statutory auditors for a five-year term at its 54th Annual General Meeting (AGM) held on September 12, 2026.

The appointment, effective from the conclusion of the AGM, covers the period until the end of the 59th AGM. This regular term follows the firm's earlier appointment by the Board to fill a casual vacancy.

Meeting Proceedings

The meeting commenced at 12:30 pm and concluded at 11:22 am on September 12, 2026. Dharam Prakash Kothari, Chairman, presided over the proceedings. Vikas Kothari, Managing Director & CEO, presented a report on the company's operations and strategy.

Remote e-voting was available from 9:00 am on September 8, 2026, to 5:00 pm on September 11, 2026. An additional 15-minute e-voting window remained open after the meeting concluded for members who had not voted remotely.

Auditor Details

M/s. Khandelwal Badaya & Co., Chartered Accountants (FRN: 016506C), is a peer-reviewed firm with a valid Peer Review Certificate until April 30, 2027. The firm holds extensive experience in statutory audits, taxation, and corporate advisory across various industry segments.

Key Resolutions

Shareholders approved several ordinary and special business items. The key resolutions included:

• Adoption of audited financial statements
• Declaration of dividend
• Appointment of Dharam Prakash Kothari as a director liable to retire by rotation
• Approval of statutory auditor appointments to fill casual vacancies and for a five-year term
• Ratification of cost auditor remuneration
• Approval of related party transactions

Attendees

Key personnel present at the meeting included:

Abhishek Goswami served as the scrutinizer for the remote e-voting process. The voting results will be disseminated to stock exchanges and uploaded on the company website.