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Earnings Call Transcript

Om Power Transmission Earnings Call Transcript: Key Takeaways

Q2 revenue rose 56.4% to ₹128.29 Cr, but the 15.25% EBITDA margin was project-mix driven. Management guides a normalised 12–13%. H1 operating cash flow was −₹38.2 Cr.

Guidance and delivery
Management target Revenue 50.0% FY27
Highlights
Revenue growthQ2 +56.4% YoY to ₹128.29 Cr; H1 +46.3% to ₹249.93 Cr.
MarginsQ2 EBITDA 15.25% mix-elevated; management guides normalised 12–13%.
Order book~₹839 Cr after October; ~1.9x FY26 revenue; 12–24 month execution.
Demand visibilityOrder book ~₹839 Cr post-October; 765 kV bid pipeline ~₹1,600 Cr.
Management confidenceBalanced; confident on FY27 growth, cautious on quarterly margin volatility.

Growth

Q2 revenue +56.4% YoY, H1 +46.3%. Q2 PAT +116.7%, lifted by a one-quarter mix-driven margin spike.

Outlook

FY27 revenue growth of 50% guided; FY30 revenue target ₹2,500 Cr; order book ~₹839 Cr after October.

Risks

H1 operating cash flow −₹38.2 Cr; receivables ₹237 Cr with ~45% retention; finance cost rising; receivable-days figures inconsistent.

Last quarter's promises, checked

Delivered

  • Guided EBITDA 12–13% → Q2 15.25% (= BEAT, mix-driven)

Partly delivered

  • Guided FY27 revenue +50% → H1 +46.3% (= PARTIAL)
  • Guided Dholera 400 kV GIS + lines → substation commissioned only (= PARTIAL)

Missed

  • Guided 20% retention → ~45% on ₹237 Cr receivables (= MISS)
  • Guided IPO cash to working capital → ₹25 Cr debt prepayment (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: OMPOWER. Summary written with AI assistance from the document.

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Om Power Transmission Ltd: key numbers

Share price
₹129.82
Market cap
₹444.6 Cr
Revenue (annual)
₹449.2 Cr
Net profit (annual)
₹40.02 Cr
P/E (TTM)
8.9×Sector 21.4×
Promoter holding
69.05%+0.00% QoQ
FII holding
3.34%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:57 IST BSE
New Order Win

Om Power Transmission Bags ₹101.6 Cr Order from Uttar Gujarat Vij Company Limited

Om Power Transmission Ltd secured a Rs. 101.56 Crore turnkey contract from Uttar Gujarat Vij Company Limited for underground cable network conversion in Ambaji.

Value
₹101.6 Cr
From
Uttar Gujarat Vij Company Limited
Execution
12 months after commencement period of 45 days