Shree OSFM E-Mobility Reports Financial Results and Confirms Fund Utilization Amid Stable Operations
Shree OSFM E-Mobility Limited has released its audited financial results for the half and year ended March 31, 2026. The company's Board of Directors reviewed these results, which reflect operational activity across its primary segment in passenger transportation services. The company also provided certified details on the utilization of funds raised through Initial Public Offering (IPO) and Preferential Issues.The independent audit confirmed that the financial statements provide a true and fair view of the Company’s state of affairs as at March 31, 2026.
Financial Highlights
The financial results show the company's performance across income and expenses for the relevant period. The following data compares the key figures:| Metric | Year Ended March 31, 2026 (INR Lakhs) | Year Ended March 31, 2025 (INR Lakhs) |
|---|---|---|
| Total Income | 7,878.65 | 7,702.93 |
| Total Expenses | 7,518.02 | 7,051.70 |
| Tax Expense | 89.40 | 164.58 |
| Net Profit After Tax | 271.23 | 486.65 |
| Basic Earnings Per Share (EPS) | 4.92 | 6.91 |
Financial Position and Cash Flow
As of March 31, 2026, the company maintained a specific financial structure across its assets and liabilities. The balance sheet figures are as follows:| Particulars | As at March 31, 2026 (INR Lakhs) | As at March 31, 2025 (INR Lakhs) |
|---|---|---|
| Equity and Liabilities | ||
| Share Capital | 1,540.34 | 1,540.34 |
| Reserves and Surplus | 6,878.35 | 6,120.51 |
| Long-Term Borrowings | 1,332.13 | 1,104.33 |
| Total Equity and Liabilities | 13,108.39 | 11,136.77 |
| Assets | ||
| Property, Plant and Equipment | 1,628.37 | 1,506.03 |
| Current Assets (Total) | 2,887.08 | 3,639.79 |
| Cash and Cash Equivalents | 1,595.40 | 1,556.49 |
| Total Assets | 10,221.31 | 7,496.98 |
The company’s cash flow statement for the year ended March 31, 2026, indicated a Net Cash generated from Operating Activities of 2,472.72 Lakhs. The Net Cash used in Investing Activities was 625.90 Lakhs, while Net Cash generated from Financing Activities stood at 65.66 Lakhs. This resulted in an overall increase in cash and cash equivalents to 5,096.11 Lakhs.
IPO and Preferential Issues Fund Utilization
A review of the company’s books confirms that the proceeds from the Initial Public Offering (IPO) and Preferential Issues have been partially applied for the disclosed purposes as of March 31, 2026. The funds raised totaled 3,993.17 Lakhs.The utilization details are presented below:
| Nature of Fund | Object Disclosed in Offer Document | Amount Raised (INR Lakhs) | Actual Utilized (INR Lakhs) | Unutilized Balance (INR Lakhs) |
|---|---|---|---|---|
| Initial Public Offering | Funding Additional Working Capital Requirements | 510.85 | 510.85 | — |
| Initial Public Offering | Purchase of Passenger Vehicles | 1,221.78 | 620.60 | 601.18 |
| Initial Public Offering | General Corporate Purposes (including IPO expenses) | 726.97 | 726.97 | — |
| Preferential Issues | Funding Additional Working Capital Requirements | 1,226.86 | 1,226.86 | — |
| Preferential Issues | General Corporate Purpose | 306.71 | — | 306.71 |
| Total | 3,993.17 | 3,085.28 | 907.89 |
The unutilized balance remains held in short-term deposits and bank balances, as reflected in the financial statements.
SHREEOSFM Stock Price Movement
Today, Shree OSFM E-Mobility Limited saw its stock advance by 6.05%, settling at ₹63.90 after closing market activities. The company's shares were traded in a volume of 22,000 today.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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