The Board of Directors of Om Power Transmission approved unaudited standalone financial results for the quarter ended June 30, 2026, reporting a year-on-year increase in net profit and revenue.

Net profit for the quarter rose 26% to ₹105.19 lakh from ₹83.47 lakh in the corresponding period of the previous fiscal year. Revenue from operations grew 37% to ₹1,216.32 lakh, up from ₹888.61 lakh in Q1FY26.

Financial Performance

Total income for the quarter stood at ₹1,224.25 lakh, comprising revenue from operations and other income of ₹79.26 lakh. Total expenses were recorded at ₹1,084.10 lakh.

Earnings per share (basic and diluted) were reported at ₹3.18, compared to ₹3.39 in the same quarter last year. The company recorded a total comprehensive income of ₹106.47 lakh for the period.

IPO Proceeds Utilisation

Om Power Transmission completed its initial public offer in FY27, raising gross proceeds of ₹13,256.25 lakh from the fresh issue of equity shares. As of June 30, 2026, the company had utilised ₹10,856.38 lakh of the net proceeds.

Key utilisation areas included:

• Repayment of outstanding borrowings: ₹2,500.00 lakh
• Funding long-term working capital requirements: ₹5,500.00 lakh
• General corporate purposes: ₹2,810.82 lakh
• Capital expenditure on machinery and equipment: ₹45.56 lakh

Unutilised proceeds as on June 30, 2026, stood at ₹1,075.38 lakh from the net proceeds and ₹371.01 lakh from offer-related expenses.

Strategic Developments

The Board approved the proposal to incorporate an Indian subsidiary named "OPTL Green Energy Private Limited," subject to statutory approvals. This move aligns with the company’s focus on EPC contracts and operation and maintenance services.

Additionally, the company changed its depreciation method for Property, Plant and Equipment from Written Down Value to Straight Line Method with effect from April 1, 2025. This change in accounting estimate was applied prospectively.

What the Numbers Show

Revenue growth outpaced the growth in total expenses during the quarter. While revenue increased by approximately 37% year-on-year, total expenses rose by roughly 38%. However, the composition of expenses shifted, with cost of materials consumed rising significantly relative to project-related expenses, indicating potential variations in project execution phases or material cost inflation impacting gross margins differently than prior periods.

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, EBITDA, and net profit all 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 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. EBITDA for the quarter stood at ₹148M rupees compared to ₹120M rupees in the year-ago period, while the EBITDA margin contracted to 12.14% from 13.53% on a year-on-year basis. 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.

EBITDA Performance

The company's EBITDA and margin metrics for the current quarter are presented below:

While EBITDA grew in absolute terms on a year-on-year basis, the EBITDA margin contracted, reflecting the relative increase in operating expenses against the backdrop of higher revenues.

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

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.