Om Power Transmission Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026, approved by the Board of Directors at their meeting held on August 11, 2026. The company recorded a year-on-year improvement across key financial metrics, with revenue from operations and net profit both rising compared to the corresponding quarter of the previous year. The results were reviewed and recommended by the Audit Committee and reviewed by the statutory auditors, O.M.M.S. & Associates, Chartered Accountants, Ahmedabad.

Financial Performance: Q1 FY26 Highlights

The company's revenue from operations grew to ₹12,163.19 lakhs for the quarter ended June 30, 2026, compared to ₹8,886.11 lakhs in the quarter ended June 30, 2025, representing a significant year-on-year increase. Total income, including other income of ₹79.26 lakhs, stood at ₹12,242.45 lakhs for the quarter, up from ₹8,944.39 lakhs in the year-ago period. Net profit for the quarter came in at ₹1,051.92 lakhs, against ₹834.68 lakhs in the same quarter last year. The following table summarises the key financial metrics across reporting periods:

EPS is not annualised for the quarters ended June 30, 2026, March 31, 2026, and June 30, 2025.

Expense Breakdown

Total expenses for the quarter ended June 30, 2026 stood at ₹10,840.95 lakhs, compared to ₹7,869.88 lakhs in the corresponding quarter of the previous year. The key components of expenses for the current quarter are detailed below:

The company noted that due to the nature of its business operations, revenue, costs, and profits can vary widely between reported quarters, largely driven by the progress of individual projects, which do not follow a uniform timeline.

IPO Proceeds Utilisation

In the financial year 2026-27, Om Power Transmission completed its initial public offer (IPO) of 85,75,000 equity shares of face value of ₹10 each at an issue price of ₹175 per share, comprising a fresh issue of 75,75,000 shares and an offer for sale of 10,00,000 shares by selling shareholders. The equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on April 17, 2026. The company received ₹13,256.25 lakhs as gross proceeds from the fresh issue, with net proceeds (after IPO expenses) amounting to ₹11,931.76 lakhs. The utilisation of gross proceeds as of June 30, 2026 is as follows:

Subsidiary Incorporation and Other Developments

The Board of Directors, at its meeting held on July 06, 2026, approved the proposal for incorporation of a subsidiary in India under the name "OPTL Green Energy Private Limited," or such other name as may be approved by the statutory authorities, subject to receipt of requisite statutory and regulatory approvals and completion of necessary legal and procedural formalities. Additionally, the company changed its method of depreciation on Property, Plant and Equipment, Investment Property, and Intangible Assets from the Written Down Value (WDV) method to the Straight Line Method (SLM), effective April 01, 2025, accounted for as a change in accounting estimate in accordance with Ind AS 8. The paid-up equity share capital as of June 30, 2026 stood at ₹3,424.50 lakhs (face value of ₹10 each), compared to ₹2,667.00 lakhs as of March 31, 2026.

Om Power Transmission Limited shareholders have approved critical financing resolutions, empowering the company to create charges on its assets up to ₹1000 crore and borrow money in excess of its paid-up share capital and free reserves. The approvals, secured through a remote e-voting process that concluded on August 9, 2026, provide the firm with enhanced financial flexibility to fund future expansion or operational requirements without immediate equity dilution.

The voting results were disclosed under Regulation 30 and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SCS and Co. LLP, appointed as the scrutinizer by the Board of Directors, certified the outcome of the postal ballot notice dated July 6, 2026. The resolutions were classified as Special Resolutions under Section 180(1)(c) of the Companies Act, 2013, requiring a higher threshold of shareholder consent than ordinary business matters.

Voting Breakdown

The participation rate among eligible shareholders was significant, with 22,935 shareholders on record as of the July 3, 2026 cut-off date. The promoter and promoter group held 23,645,073 shares, representing the majority stake, while public institutions held 1,846,728 shares and non-institutional public shareholders held 8,753,199 shares.

For the second resolution regarding the creation of charges up to ₹1000 crore, the voting pattern remained consistent. The promoter group voted unanimously in favor, casting 23,640,763 votes. Public institutions also voted 100% in favor with 3,734 votes. Non-institutional public shareholders recorded a 97.27% approval rate, with 91,417 votes in favor against 2,566 votes against. The total votes polled for this resolution were 23,738,480, resulting in an overall approval rate of 99.99%.

Scrutinizer’s Report Details

SCS and Co. LLP reported that the remote e-voting platform hosted by National Securities Depository Limited (NSDL) facilitated the process from July 11, 2026, to August 9, 2026. The scrutinizer noted that notices were sent electronically to members registered with NSDL and Central Depository Services (India) Limited (CDSL). Shareholders without registered email addresses were provided alternative mechanisms to register via the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or directly through NSDL.

No invalid votes were recorded for either resolution across any shareholder category. The scrutinizer confirmed that all conditions under the Companies Act, 2013, and SEBI LODR Regulations were fulfilled. Kanubhai Patel, Managing Director of Om Power Transmission Limited, countersigned the report, validating the declaration of results. The company has uploaded the detailed voting results and scrutinizer’s report on its website and the respective stock exchange portals.