Om Power Transmission Limited Announces Q2 Financial Results and Updates Proceeds Utilization Post-IPO
Om Power Transmission Limited confirmed the approval of its Unaudited Standalone Financial Results for the Quarter ended June 30, 2026. The results were reviewed and recommended by the Audit Committee before being approved by the Board of Directors during the meeting held on August 11, 2026.Beyond the quarterly performance, the company provided a detailed update regarding the utilization of proceeds from its fresh equity issue following the IPO. Management also announced plans for a new subsidiary and disclosed a material change in accounting estimates related to depreciation methods.
Financial Performance Summary
The Unaudited Standalone Financial Results show key metrics across various periods. The financial highlights, including Revenue from Operations, Total Income, and Profit before tax, are summarized below:| Particulars | Q2 Ended June 30, 2026 (Unaudited) | Q1 Ended March 31, 2026 (Audited) | Q2 Ended June 30, 2025 (Audited) | FY Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 12,163.19 | 17,462.21 | 8,886.11 | 44,916.49 |
| Other Income | 79.26 | 65.32 | 58.28 | - |
| Total Income (1+2) | 12,242.45 | 17,527.53 | 8,944.39 | 45,27.22 |
| Profit / (Loss) before tax | 1,401.50 | 2,213.96 | 1,074.51 | 5,150.33 |
IPO Proceeds Utilization Detailed
The company confirmed that it received a total of 7,13256.25 Lakhs from the fresh issue of equity shares post-IPO, after deducting 11931.76 Lakhs for offer related expenses. The gross proceeds from the Fresh Issue amounted to 13,256.25 Lakhs.The proposed utilization of these funds is detailed as follows:
| Objects of the Issue | Amount to be Utilised (Prospectus) | Utilization Up To June 30, 2026 | Remaining Balance |
|---|---|---|---|
| Funding of Capital Expenditure Requirements | 1,120.94 | 45.56 | 1,075.38 |
| Pre-payment/ Re-payment of Borrowings | 2,500.00 | 2,500.00 | - |
| Funding Long-Term Working Capital Requirement | 5,500.00 | 5,500.00 | 0.00 |
| General Corporate Purposes | 2,810.82 | 2,810.82 | 0.00 |
| Net Proceeds (Total) | 11,931.76 | 10,856.38 | 1,075.38 |
Strategic and Accounting Updates
The Board of Directors approved a proposal for the incorporation of a subsidiary in India, which will be named "OPTL Green Energy Private Limited," subject to securing requisite statutory and regulatory approvals.Furthermore, during the year ended March 31, 2026, management reviewed the depreciation methods used on Property, Plant and Equipment and Intangible Assets. In response to a technical assessment indicating a change in the expected consumption pattern of economic benefits, the company has changed its method for calculating depreciation from Written Down Value (WDV) to Straight Line Method (SLM). This adjustment was accounted for as a change in accounting estimate under Ind AS 8 and was applied prospectively, effective April 01, 2026.
OMPOWER Stock Price Movement
Shares of Om Power Transmission Limited closed for the day having slipped by 0.11% to settle at ₹168.90. The stock saw trading activity recorded with a volume totaling 72,428 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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