Abha Power and Steel Reports Audited Financial Results for Half and Full Year Ended March 31, 2026
Abha Power and Steel Limited, formerly known as Abha Power and Steel Private Limited, announced the approved audited financial results for the half and financial year ended March 31, 2026, following a Board meeting held on May 28, 2026. The company also confirmed the successful utilization of its Initial Public Offering (IPO) proceeds.During the board meeting, the directors confirmed that the company’s statutory auditors, M/s N BT & Co., Chartered Accountants, issued an unmodified audit report on the audited financial statements for the year ended March 31, 2026.
Financial Performance Snapshot
The audited financial results provide a detailed comparison of the company’s performance.The Profit/Loss for the Year Ended March 31, 2026, stood at 246.03 lakhs, compared to 622.83 lakhs for the same period in the previous year.
The Total Income (A) for the half year ended March 31, 2026, was 2,788.49 lakhs. This figure is a combination of Revenue from operations (2,764.60 lakhs) and Other income (23.89 lakhs).
Total expenses for the same half year amounted to 2,730.19 lakhs, which included a Cost of raw materials consumed of 1,999.22 lakhs and Other expenses of 625.32 lakhs.
A comparison of key financial figures for the year ended March 31, 2026, versus March 31, 2025, is presented below:
| Financial Metric | Year Ended March 31, 2026 (Lakhs) | Year Ended March 31, 2025 (Lakhs) |
|---|---|---|
| Total Income (A) | 6,310.91 | 7,082.99 |
| Total Expenses (B) | 5,973.59 | 6,233.23 |
| Profit/(Loss) before exceptional and extraordinary items and tax | 337.31 | 849.76 |
| Profit/(Loss) for the year ended after tax | 246.03 | 622.83 |
| Basic Earning per Equity Share (₹) | 1.32 | 3.94 |
Balance Sheet and Cash Flow Highlights
The company’s Statement of Assets and Liabilities as at March 31, 2026, shows total liabilities of 8,556.18 lakhs, reflecting a higher Reserves and Surplus of 3,471.07 lakhs compared to 3,225.03 lakhs recorded in the previous year.Total assets for the company as of March 31, 2026, were 8,556.18 lakhs. Key non-current assets included Tangible assets at 2,233.49 lakhs, and Capital Work in Progress at 2,265.11 lakhs.
In terms of cash flow, the net cash flow from operating activities for the year ended March 31, 2026, was 822.23 lakhs, compared to 258.19 lakhs for the previous year. The increase in Short Term Provisions was a significant factor in the operating cash flow calculation.
Initial Public Offering Proceeds Utilization
The company provided a detailed statement confirming the utilization of proceeds from the Initial Public Offering (IPO) which was raised on December 4, 2024.The total IPO proceeds amounted to Rs. 2683.99 Lakhs (net of IPO expenses). The utilization of these funds was reported as having no deviation or variation from the original objects:
| Object of Fund Use | Original Allocation (INR Lakhs) | Utilized (INR Lakhs) | Balance (INR Lakhs) |
|---|---|---|---|
| Funding capital expenditure for modernization and upgradation | 1638.93 | 1638.93 | - |
| Funding working capital requirements | 300.00 | 300.00 | - |
| General corporate purposes | 745.06 | 745.06 | - |
| Total | 2683.99 | 2683.99 | - |
The Board of Directors confirmed that the usage of funds maintained no deviation from the initial objectives.
The audited financial results and the statement regarding the utilization of IPO proceeds were approved by the Board of Directors on May 28, 2026.
ABHAPOWER Stock Price Movement
On Wednesday, Abha Power and Steel Limited shares settled flat, closing at ₹31.15, reflecting a 0.00% change for the day. The stock traded within an extremely tight range, hitting both its high and low at ₹31.15, with total volume reaching 6,400 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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