IMP Powers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
IMP Powers' board met on August 8, 2025 and approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs. 171.18 lakhs from Rs. 0.18 lakhs a year earlier, but the company posted a net loss of Rs. 198.70 lakhs versus a profit of Rs. 176.59 lakhs in the previous quarter (Q4 FY25); EPS was Rs. (2.31). The statutory auditor issued a qualified opinion flagging unreconciled trade receivables, pending tax reconciliations, and the absence of impairment testing on assets. Mr. Mahendra Prajapati was appointed as CFO and KMP, while Mr. Naveen Kumar Singh was appointed as Additional Director and Whole-Time Director for one year. The board also approved reclassification of authorised share capital (converting preference shares into equity, total unchanged at Rs. 34 crore), adoption of new Articles of Association, shifting the registered office to Ahmedabad, and sought shareholder approval for higher borrowing limits and creation of charges. Background: the company was sold as a going concern for Rs. 78 crore after exiting the IBC liquidation process, with new management taking charge.
The stock remains a turnaround story post-IBC resolution — top line is reviving but the company is still loss-making with serious auditor qualifications on asset quality and reconciliation. New CFO and Whole-Time Director appointments signal new management putting its team in place, but shareholders should expect continued volatility and closely watch the qualified audit points and the pending shareholder approvals on borrowing powers.