Osel Devices FY26 net profit rises 45.7% to ₹29.2 crore

Osel Devices Limited reported a net profit of ₹29.2 crore for the financial year ended March 31, 2026, an increase of 45.7% from ₹20.05 crore in the previous year. Revenue from operations grew 56.9% to ₹292.7 crore, compared to ₹186.6 crore in FY25. The company’s EBITDA stood at ₹53.3 crore, with a margin of 18.2%, while profit after tax recorded a margin of 10.0%. The Board of Directors approved the audited standalone and consolidated financial results on May 29, 2026.

The company operates across three verticals: LED displays, hearing aids, and mobile phones. Hearing aids contributed approximately 42% of the revenue, while LED displays and mobile phones accounted for around 41% and 17%, respectively. Osel Devices also reported exports of approximately ₹23 crore for FY26. The statutory auditors, M/s. Kumar Samantaray & Associates, issued an unmodified opinion on the results.

Subsequently, the company identified a typographical error in the Earnings Per Share (EPS) figures disclosed in the initial filing. For the year ended March 31, 2026, the Basic EPS was corrected to 17.16 from the erroneously mentioned 11.56, while the Diluted EPS was revised to 17.01 from 11.56. For the half year ended March 31, 2026, the Basic EPS was corrected to 7.89 and Diluted EPS to 7.74.

The Board approved the grant of 1,60,000 fresh stock options to eligible employees under the Osel Devices Employee Stock Option Plan 2026 at an exercise price of ₹10 per option. These options will vest over a period of one year from the date of grant. Additionally, the company re-appointed M/s. Anoop R Chandra & Co as Internal Auditors for FY27 and appointed Mr. Ajay Thakur as Independent Advisor (Corporate Compliance & Investor Management) effective June 1, 2026.

The company confirmed there was no deviation in the utilization of proceeds from its Initial Public Offer or the preferential issue of fully convertible warrants and equity shares. The registered office of the company will shift to a new address within the same jurisdiction effective June 1, 2026. The audited financial statements and the investor presentation are available on the National Stock Exchange of India Limited and the company's website.

Key Financial Metrics (Consolidated)

Metric	Year Ended March 31, 2026 (₹ in Lacs)	Year Ended March 31, 2025 (₹ in Lacs)
Revenue from Operations	2,927.00	1,866.00
EBITDA	533.00	333.96
Profit After Tax	292.00	200.50
Earnings Per Share (Basic)	17.16	14.31

ESOP Grant Details

Particulars	Details
Options Granted	1,60,000
Exercise Price	₹10 per option
Vesting Period	1 Year from date of grant

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.27%	+1.83%	-9.72%	-16.35%	+67.62%	+119.93%

OSEL Devices Limited has been awarded the ZED Gold Certification under the MSME Sustainable (ZED) Certification Scheme, as disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certification was conferred by Assure Quality Management Certification Services Private Limited and was issued on May 12, 2026.

Certification Details

The key details of the ZED Gold Certification awarded to OSEL Devices Limited are summarised below:

Parameter:	Details
Certification Level:	ZED Gold
Scheme:	MSME Sustainable (ZED) Certification Scheme
Assessment Agency:	Assure Quality Management Certification Services Private Limited
Certificate No.:	12052026_104688
Date of Issue:	May 12, 2026
Certificate Validity:	Three years from the date of issue
UDYAM Registration No.:	UDYAM-DL-11-0007295
NIC-2008 Code:	26 – Manufacture of computer, electronic and optical products
Unit Address:	First Floor, Signature Tower, Plot No. 3, Knowledge Park-3, Greater Noida, Gautam Buddha Nagar, Uttar Pradesh – 201308

Recognition of Operational Excellence

The ZED Gold Certification has been awarded in recognition of OSEL Devices Limited's commitment towards quality manufacturing practices, operational efficiency, environmental sustainability, and responsible business operations. The certification is issued under the Ministry of Micro, Small and Medium Enterprises' ZED framework, which stands for Zero Defect Zero Effect, reflecting standards aligned with both product quality and environmental responsibility.

Key Benefits of ZED Gold Certification

The company highlighted the following key benefits associated with the ZED Gold Certification under the MSME Sustainable (ZED) Certification Scheme:

Brand credibility: Strengthening the company's brand credibility and market positioning
Government procurement: Enhancing eligibility and competitiveness in government procurement and tender opportunities
Financial benefits: Enabling access to benefits available to ZED-certified MSMEs, including certification subsidies, credit facilitation, and interest-related concessions under applicable schemes, subject to scheme eligibility and applicable terms

Regulatory Disclosure

The disclosure was made by Diksha, Company Secretary and Compliance Officer (M. No.: A72889) of OSEL Devices Limited, on May 12, 2026. The company stated that this recognition reflects its continued focus on operational excellence, sustainability, and long-term value creation for its stakeholders.