Powerica Limited Announces FY2026 Results, Completes IPO, and Approves New Subsidiary Investments

Powerica Limited Announces FY2026 Results, Completes IPO, and Approves New Subsidiary Investments​

Powerica Limited announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, following its Board of Directors meeting on May 28, 2026. The company also confirmed the successful completion of its Initial Public Offer (IPO) and approved the investment in two new Wholly Owned Subsidiaries.

Financial Performance Highlights​

The audited financial results for the year ended March 31, 2026, show significant revenue and profit figures for the company's operations.

Standalone Financial Results (Rs. in Crores)


The consolidated figures demonstrate a corresponding growth trajectory.

Consolidated Financial Results (Rs. in Crores)


Cash Flow Summary (Rs. in Crores)

In the consolidated cash flow analysis for the year ended March 31, 2026, the Net Cash from Operating Activities stood at 452.88, compared to 248.64 for the previous year. The Net Cash from Financing Activities totaled 59.52, up from 25.17 in the prior year.

Governance and Corporate Strategy Updates​

The Board of Directors reviewed and approved several governance and corporate structuring decisions:

• New Investments: The Board approved the incorporation and investment in two Wholly Owned Subsidiaries (WOS) under the provisions of the Companies Act, 2013.
• Internal Audit Appointment: M/s. DMKH & Co., Chartered Accountants, were appointed as the Internal Auditors of the Company for the financial year 2026-27, based on the recommendation of the Audit Committee.
• Audit Committee: The composition of the Audit Committee was also reconstituted by the Board.

New Subsidiaries Details
The proposed subsidiaries are both focused on the Renewable Energy sector:


Both proposed entities will be Wholly Owned Subsidiaries of Powerica Limited and are expected to be incorporated in India.

Initial Public Offer Completion​

Subsequent to the financial year end, the Parent Company successfully completed its Initial Public Offer (IPO). The IPO involved 2,78,53,058 equity shares of face value Rs. 5 each, issued at an issue price of Rs. 395 per equity share.

The share allotment included:

• A fresh issue of 1,77,26,477 equity shares.
• Employee allotment of 52,947 equity shares at a discounted offer price of Rs. 358 per equity share.
• An offer for sale of 1,01,26,581 equity shares by selling shareholders.

The net proceeds from the IPO amounted to Rs. 661.51 Crores. The shares were listed on the National Stock Exchange (NSE) and BSE Stock Exchange (BSE) on April 2, 2026.

The utilization of the net proceeds was planned for:

• Prepayment/repayment of certain outstanding borrowings: Rs. 525.00 Crores.
• General corporate purposes: Rs. 136.51 Crores.

POWERICA Stock Price Movement​

On Wednesday, Powerica Limited shares shed 0.90%, settling at ₹571.5 as trading closed. Despite the decline, which occurred on a volume of 251,135 shares, the stock had previously marked an impressive 52-week high of ₹586.3.