Audited Financial Results for the Quarter and Financial Year ended March 31, 2026
OMPOWER · price
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Om Power Transmission Ltd has reported audited standalone financial results for Q4 and FY ended March 31, 2026. The statutory auditors, M/s O.M.M.S & Associates, have issued an unmodified (clean) audit opinion, indicating no material concerns with the financial statements. The company also changed its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) for Property, Plant & Equipment and other assets, applied prospectively from April 2025, resulting in reduced depreciation charge for Q4. Additionally, the board appointed Mr. Fenil Patel as Chief Operating Officer effective May 20, 2026, and re-appointed M/s Sweta Patel & Associates as internal auditors for FY 2026-27. The company completed its IPO during this financial year, getting listed on NSE and BSE.
The clean audit opinion is positive for shareholders, indicating reliable financials. The appointment of a related party (the Managing Director's son) as COO should be monitored for governance implications. The accounting policy change in depreciation may impact future profitability comparisons.