Omnipotent Industries Reports Net Profit of Rs 52.67 Lakh for FY 2023 Amid Operational Challenges

Omnipotent Industries Limited, a company listed on the BSE SME platform, has released its audited financial results for the fiscal year ended March 31, 2023. The company has shown a turnaround in profitability despite facing significant operational challenges and a substantial decline in revenue.

Financial Performance

Metric	FY 2023	FY 2022	Change
Net Profit/(Loss)	52.67	(84.85)	Turned Profitable
Revenue from Operations	400.48	9,744.31	-95.89%

Omnipotent Industries managed to post a net profit of Rs 52.67 lakh for the fiscal year 2023, a significant improvement from the net loss of Rs 84.85 lakh reported in the previous year. However, this profit came despite a sharp decline in revenue from operations, which fell to Rs 400.48 lakh from Rs 9,744.31 lakh in the prior year, representing a decrease of about 95.89%.

Operational Challenges

The company faced several operational hurdles during the fiscal year:

Non-operational Plant: The company's bitumen processing plant at Kandala remained non-operational throughout the year due to a lack of business activities.
Outstanding Receivables: Trade receivables stood at Rs 1,776.63 lakh, with Rs 1,132.34 lakh in outstanding debtors holding payments due to GST survey concerns.
Management Changes: The company secretary resigned in March 2023, and the appointment of a regular company secretary is pending.

Corporate Actions and Asset Management

Despite the challenges, Omnipotent Industries took several strategic actions during the year:

Public Issue: The company completed a public issue of Rs 1,890 lakh, with the funds earmarked for loan repayment, working capital, and other corporate purposes.
Listing: Following the public issue, the company got listed on the BSE SME platform.
Asset Sale: The company sold fixed assets during the year, booking a profit of Rs 54.36 lakh on the sale.

Outlook

While Omnipotent Industries has managed to turn a profit this fiscal year, the significant drop in revenue and the non-operational status of its main processing plant indicate ongoing challenges. The company's ability to address these issues, recover outstanding receivables, and revive its core operations may be crucial for its future performance.

Investors and stakeholders may be watching closely to see how the company leverages its newly raised capital and navigates the operational hurdles in the coming fiscal year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.90%	-17.61%	-20.55%	-38.03%	-52.73%	-93.83%

Omnipotent Industries Limited has announced the appointment of Mr. Gourav Piplonia as an Additional Director, effective October 13, 2025. The decision was made during a Board of Directors meeting held on the same date.

Appointment Details

Aspect	Details
Name	Mr. Gourav Piplonia
DIN	07459334
Age	39 years
Qualification	Master's in Commerce
Appointment Date	October 13, 2025
Term	Until the next Annual General Meeting

Professional Background

Mr. Piplonia brings a wealth of expertise to Omnipotent Industries Limited. His areas of specialization include:

Tax and Business Advisory
Corporate and Capital Structuring
Business Planning and Decision Making
Development of Systems & Processes
Tax and Corporate Compliances
Audit and Assurance Services

Board Meeting Information

The Board meeting where this appointment was approved commenced at 11:00 AM and concluded at 12:00 PM on October 13, 2025.

Additional Information

The company has confirmed that Mr. Piplonia is not related to any existing directors of Omnipotent Industries Limited, as defined under Section 2(77) of the Companies Act, 2013. Furthermore, he has not been debarred from holding directorial positions by any statutory authority, including SEBI.

This appointment aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating Omnipotent Industries' commitment to transparent corporate governance practices.