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Smarten Power Systems Ltd| Audited Consolidated Financial Results for the Half Year and Year Ended March 31, 2026
Report Source
⬤28th Apr 26
Summary : Smarten Power Systems reports revenue growth, capital infusion, and unmodified audit, but faces negative operating cash flows.
Quarterly Report Analysis & Insights
Financial Disclosures
- Consolidated Total Expenses: 23,251.84 Lakhs (FY26).
- Standalone Total Expenses: 21,974.42 Lakhs (FY26).
- Consolidated Revenue from Operations: 24,266.04 Lakhs (FY26).
- Standalone Revenue from Operations: 22,932.13 Lakhs (FY26).
- Negative cash flow from operating activities: (807.74) Lakhs (Consolidated FY26).
- Negative cash flow from investing activities: (1,682.14) Lakhs (Consolidated FY26).
- Positive cash flow from financing activities: 2,413.77 Lakhs (Consolidated FY26).
- Significant capital infusion from share issuance with premium.
- Trade payables, loans, advances subject to confirmation/adjustments.
- Consolidated Total Equity: 8,363.79 Lakhs (FY26).
- Consolidated Total Assets: 13,877.89 Lakhs (FY26).
- Significant increase in Property, Plant and Equipment.
- Smart Store International Private Limited is 100% subsidiary.
- Both standalone and consolidated financial results presented.
Corporate Overview
- Manufacturing and marketing of Home UPS/Inverter/Solar products.
- Positive, confident, and compliant with regulations.
- Home UPS/Inverter/Solar products, Off-Grid/Grid Tie solutions.
- Raised INR 4000.80 Lakhs via fresh public issue.
Risk Factors
- Negative cash flow from operations.
- Increased negative cash flow from investing.
- Potential adjustments to trade payables.
- Cash and cash equivalents decreased.
Key Drivers
- Unmodified audit opinion received.
- Increased revenue from operations.
- Successful capital infusion via public issue.
- No deviation in public issue fund utilization.
Auditor’s Report
- Unmodified Audit Opinion for financial results.
- Consolidated results include 100% wholly-owned subsidiary.
- Half-year results are balancing figures from full-year audited.
Board Commentary
- Appointed M/s Nitin Arora & Associates as Internal Auditors.
- Potential adjustments from trade payables, loans, advances.
- Public issue funds raised for fresh issue and offer for sale.
Corporate Governance
- No fraudulent, illegal, or Code of Conduct violations.
- Audit Committee reviewed and approved financial results.
- No significant changes in internal control or accounting policies.
- No significant instances of fraud reported.
Management Discussion & Analysis
Future Strategy
- No deviation in public issue fund utilization.
Operational Focus Areas
- Maintaining strong internal controls and accounting policies.
Performance Drivers
- Significant increase in share capital issued with premium.
Risk Control Measures
- Established and maintained internal controls for financial reporting.
Critical Risks
- Potential adjustments from trade payables, loans, advances.