Oneindig Technologies reported a 50.41% year-on-year increase in standalone revenue from operations to ₹6,920.90 lakh for the financial year ended March 31, 2026. Net profit after tax rose 49.08% to ₹621.07 lakh, reflecting strong execution in its solar EPC and water pump segments.

The company has scheduled its 10th Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:30 am via video conferencing. Shareholders will vote on ordinary business, including the adoption of audited financial statements, and special business items involving board appointments and remuneration revisions.

Financial Performance

The solar EPC firm saw significant growth across key metrics during FY26 compared to the previous fiscal year.

Revenue growth was driven by the successful commissioning of 17 major ground-mounted projects valued at over ₹19 crore and the installation of more than 1,500 solar water pumps in Haryana and Jammu & Kashmir. The company’s aggregate operational project capacity stands at 58.40 MW.

What the Numbers Show

While top-line growth was robust, the balance sheet reveals a shift in funding strategy. Total debt increased significantly, with short-term borrowings rising from ₹571.75 lakh in FY25 to ₹2,311.79 lakh in FY26. This surge in leverage coincided with a sharp rise in finance costs, which nearly doubled from ₹122.55 lakh to ₹265.30 lakh. Despite higher interest outlays, operating profit before working capital changes expanded by 56.17% to ₹1,076.06 lakh, indicating that core operational efficiency offset the increased cost of capital.

AGM Agenda and Voting Details

The AGM will address several governance matters:

• Director Appointments: Re-appointment of Mr. Vishal Vasantrao Kokadwar as Non-Executive Director and appointment of Mr. Ronak Jhuthawat as Independent Non-Executive Director for five years.
• Remuneration Revision: Approval of revised remuneration structures for Managing Director Mr. Manoj Agrawal and Whole Time Director Mrs. Seema Agrawal, effective September 1, 2026. Both roles include a basic salary component plus performance-linked commissions capped at ₹84 lakh annually.
• Secretarial Auditor: Appointment of Mr. Rupinder Singh Bhatia as Secretarial Auditor for five consecutive years.

E-voting will be open from Thursday, September 24, 2026, at 9:00 am to Sunday, September 27, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Monday, September 21, 2026. Shareholders who have not registered their email addresses are advised to access the notice via the company’s investor relations page or the Central Depository Services (India) Limited website.

Oneindig Technologies reported a 50% year-on-year increase in consolidated revenue to ₹710.71 crore for FY26, while net profit attributable to shareholders rose 46% to ₹60.85 crore. The company’s board of directors approved the standalone and consolidated financial results on August 26, 2026.

Statutory auditors M/s Raj Gupta & Co. have submitted the Auditor's Report on standalone and consolidated financials with an unmodified opinion. The Faridabad-based technology firm also announced its 10th Annual General Meeting (AGM) is scheduled for September 28, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

Financial Performance

Consolidated revenue from operations grew from ₹460.14 crore in FY25 to ₹710.71 crore in FY26. Other income remained relatively stable at ₹23.41 crore. Total expenses increased to ₹624.18 crore from ₹405.73 crore, driven primarily by higher purchases of stock-in-trade and finance costs.

Profit before tax (PBT) stood at ₹88.87 crore, up from ₹55.66 crore in the previous fiscal year. After accounting for tax expenses of ₹73.33 crore, which included a significant deferred tax expense reversal compared to the prior year’s credit, profit for the year reached ₹60.81 crore. Earnings per share (EPS) rose to ₹7.56 from ₹5.22.

Standalone revenue grew 50% to ₹692.09 crore, with net profit increasing 49% to ₹62.11 crore. Standalone EPS was ₹7.72.

Balance Sheet and Cash Flow

Total consolidated assets expanded significantly to ₹835.98 crore from ₹355.28 crore as of March 31, 2025. This growth was supported by a substantial increase in non-current assets, particularly property, plant, and equipment, which rose to ₹236.75 crore from ₹15.43 crore.

Short-term borrowings increased sharply to ₹230.18 crore from ₹58.84 crore, while long-term borrowings jumped to ₹232.98 crore from ₹10.79 crore. Trade receivables also saw a notable rise, reaching ₹298.96 crore from ₹111.26 crore.

Cash flow from operating activities turned negative at -₹104.32 crore, compared to a positive ₹2.84 crore in FY25. This was largely due to increases in trade receivables and inventories. Investing activities consumed ₹260.90 crore, primarily driven by capital expenditures. Financing activities generated ₹369.03 crore, mainly from net proceeds from borrowings.

Corporate Actions

The board approved several key appointments:

• Mr. Rupinder Singh Bhatia as Secretarial Auditor for five years starting FY27.
• M/s. Tandon Brij & Co. as Internal Auditor for FY27.
• Mr. Shubham Agarwal as Chief Financial Officer.
• Mr. Ronak Jhuthawat as an Additional Independent Director, subject to shareholder approval.
• Re-appointment of Mr. Vishal Vasantrao Kokadwar as Non-Executive Director.

The company successfully completed its Initial Public Offer (IPO), raising ₹276.48 crore through the issuance of 28.8 lakh equity shares. The shares were allotted on August 4, 2026.

What the Numbers Show

The surge in revenue and profit coincides with a massive expansion in leverage and working capital requirements. While top-line growth is robust, the sharp rise in short-term borrowings (₹230.18 crore) and trade receivables (₹298.96 crore) indicates aggressive scaling. The negative operating cash flow of -₹104.32 crore suggests that current earnings are being reinvested heavily into inventory and receivables, funded by debt rather than internal cash generation.