Mohit

@RajStockWatch These days maybe today or coming few days is the best opportunity to accumulate oriana . Maybe once the dust settles it will be tough to catch . Everybody knows that oriana is a solid SME but these weak retail hands are creating all the ruckus.

ASKED AI to analyze ☀️ORIANA RESULTS and find out whether there is unbilled work with money locked in. "Management had guided for Rs.2000 to 2200Cr revenue. But ended up with Rs.1841 for the year. Could there be unbilled work in progress? Is there money locked in the balance sheet which will get billed potentially in next Results? How much? Do a thorough analyses. Also do note there is large positive operating cashflow. What does that indicate, even when topline is growing fast?" AI ANALYSIS: Hope this helps Here is a thorough analysis of Oriana Power Limited's audited FY26 financial results based on the attached report to address your questions about unbilled work in progress, balance sheet asset lockups, potential future H2 billing, and the nature of the company’s operating cash flow. 1. Could there be unbilled work in progress? Is the money locked in the balance sheet? Yes, absolutely. In Engineering, Procurement, and Construction (EPC) and large-scale renewable energy infrastructure contracts, revenue is recognized over time based on milestones or percentage of completion. If significant work is performed but the contractual billing milestone has not been formally reached, it cannot be billed or recorded as regular "Trade Receivables". Instead, it sits on the Balance Sheet as "Other Current Assets" (which contains Unbilled Revenue/Unbilled WIP) or "Inventories" (Work-in-Progress). Looking closely at Oriana's Consolidated Balance Sheet as of March 31, 2026, we see massive spikes in these specific line items: Other Current Assets: Exploded from ₹29,186.57 Lakhs (₹291.86 Cr) in FY25 to ₹67,272.06 Lakhs (₹672.72 Cr) in FY26. This is an absolute increase of ₹38,085.49 Lakhs (~₹380.85 Cr) locked up over the fiscal year. This is the primary bucket where unbilled revenue/WIP typically resides for EPC contractors under standard accounting principles. Inventories: Increased from ₹2,245.45 Lakhs (₹22.45 Cr) to ₹4,117.48 Lakhs (₹41.17 Cr), representing another ₹18.72 Cr increase. Short-Term Loans & Advances: Jumped heavily from ₹9,220.83 Lakhs (₹92.20 Cr) to ₹36,218.86 Lakhs (₹362.19 Cr), representing an increase of ₹269.98 Cr. This usually signifies mobilization advances paid to vendors or suppliers for equipment sourcing (solar modules, inverters, structures) for ongoing projects that haven't hit final commissioning/billing stages yet. Conclusion: The shortfall between the management's guidance (₹2,000–2,200 Cr) and the actual reported performance (₹1,841.01 Cr total income / ₹1,813.67 Cr revenue from operations) is exactly ~₹160 to ₹360 Cr. The ₹380.85 Cr absolute increase in Other Current Assets combined with the heavy vendor advances is clear accounting proof that substantial execution has happened on the ground, but the money is temporarily locked in the balance sheet because it hasn't translated into formal billings yet. 2. Will this get billed potentially in the next results? How much? Because this is an infrastructure-heavy business, execution cycle billing usually trails execution. What will unlock? The bulk of the ₹672.72 Cr sitting in Other Current Assets represents work already executed but unbilled. As contractual milestones are passed, this entire amount will be progressively converted into formal trade invoices. When will it be billed? While you asked about next results, in reality, a significant portion of this unbilled asset typically converts much faster—throughout H1 of FY27. Because solar EPC projects generally have gestation periods of 6 to 12 months, work pending milestones at the end of March (Q4 FY26) is highly likely to cross those milestone thresholds and be billed in Q1 or Q2 of FY27 (H1). How much? Conservatively, assuming a standard trailing cycle, roughly ₹300 Cr to ₹400 Cr of the currently locked-up assets in the balance sheet represents the direct "revenue rollover gap" from FY26 that should directly boost the early FY27 billing numbers. 3. Analysis of the Large Positive Operating Cash Flow You rightly pointed out that there is a large positive operating cash flow. Let's review the precise numbers from the statement: Net Cash From Operating Activities: ₹33,703.54 Lakhs (~₹337.04 Cr) for the year ended March 31, 2026 (up from ₹250.89 Cr in FY25). For a high-growth EPC player, finding an operating cash flow statement that is strongly positive while the top-line is doubling is highly unusual and structurally impressive. Normally, fast growth sucks out all operational liquidity into receivables and working capital gaps. What does this indicate? Analyzing the mechanics: Looking at the Cash Flow Statement movements, this positive generation is driven by a massive strategic liability lever: High Operating Profitability: The company brought in a robust Profit Before Tax (PBT) of ₹34,665.92 Lakhs (~₹346.66 Cr), up from ₹212.37 Cr. This provided a strong initial baseline cash generation before working capital adjustments. The Secret Sauce - "Other Current Liabilities": In the working capital movements, there is an immense positive inflow of ₹69,058.73 Lakhs (~₹690.59 Cr) from the line item "Increase/(Decrease) in Other Current Liabilities". On the liability balance sheet, Other Current Liabilities surged from ₹32,896.35 Lakhs to ₹1,01,955.08 Lakhs. What does this signify? In EPC accounting, a giant spike in Other Current Liabilities usually implies "Advances from Customers" or "Billing in excess of contract costs" (deferred revenue). This means Oriana has successfully structured its client contracts to collect massive upfront mobilization advances or milestone payments before they completely recognized the revenue for it. The Balancing Act: This massive cash inflow from customer advances (~₹690 Cr) completely funded the working capital outflows of increasing Trade Receivables (-₹276.99 Cr), Short-Term Advances (-₹269.98 Cr), and Other Current Assets (-₹122.00 Cr inside the cash flow movement layout). Final Summary Takeaway The Revenue Miss: The target gap was not an execution failure or loss of business; it is a structural reporting delay. The work is physically done or ongoing, validated by the massive pileup of unbilled work in Other Current Assets (₹672.72 Cr). Financial Health: The ₹337 Cr positive operating cash flow indicates that Oriana possesses high negative working capital advantages or possesses massive negotiating leverage with its customers. They are utilizing customer milestones and advance cash to self-fund their breakout growth instead of straining their operational liquidity or diluting equity heavily to keep up with the execution pace. Structurally, the financial architecture looks exceptionally resilient for a scaling utility player.

@Nareshf2eKumar No need to worry bhai It was necessary to throw lose hands out .

Oriana Power H2

Oriana taking out weak hands .

@tushar9590 Buddy is waiting for oriana . Everybody is sleepless today .

Long wait for Financial Results for your portfolio co is Ok. Long wait for Press Release after that is not ok.

@RajStockWatch @nileshkurhade Absolutely sir . In tomorrow's concall they will say we have a huge baby bump we will deliver 3-4 kids .🫄 Next H1 result will say it was just a gas . 💨. 💨

@ymohit95 @nileshkurhade Threatens to deliver Twins.. but never delivers! 🤣

📌 Thaai Casting Limited informed the exchange about its approval for the financial results for the period ended March 31, 2026. #SME #TCL 📄🧾

@RajStockWatch @nileshkurhade Thaai casting is a permanent pregnant SME sir . It never delievers .

@ymohit95 @nileshkurhade THAAI CASTINGS: JUST OKAY. Topline grew from 123Cr to 146Cr. But Yearly Pat is 13Cr Vs.12Cr. And valuation remains same. 98.4 at 20 p/e . Not able to drive valuation down so that there can be some re-rating since margin not supported vs Fy25.

@ManthanTweets1 @spectre_ghotra @abdulgafarkhan @nid_rockz 👍👍

@ymohit95 @spectre_ghotra @abdulgafarkhan @nid_rockz lol idk how it matters. their board meeting very well be scheduled in evening to avoid affect to daily schedules. result will be great as it has always been. who knows about reaction from market!!

Good #Q4FY26-28/5/26 till 4:30pm SJ Logistics #SJLogistics #SJLog Continues to deliver with good cash flows Disciplined execution Consistent performer with good H2FY26 Good growth vs H1FY26 and H2FY25 Rev at 371cr vs 278cr, H1 at 283cr PBT at 56cr vs 38cr, H1 at 42cr PAT at 42cr vs 29cr, H1 at 32cr FY26 PBT at 97cr vs 68cr FY27 PAT at 76cr vs 52cr OCF at 21cr vs -52cr Sathlokhar Synergies #Sathlokhar #SSEGL Good Q4FY26 Good FY26 Highest ever set with good margin expansion Rev at 277cr vs 186cr, Q3 at 271cr EBITDA at 43cr vs 20cr⏫115% OPM at 15.3% vs 10.6% PBT at 41cr vs 21cr, Q3 at 39cr PAT at 30cr vs 18cr, Q3 at 29cr FY26 Rev at 820cr vs 370cr FY26 PBT at 110cr vs 49cr FY26 PAT at 82cr vs 34cr More than 100% growth across rev, EBITDA, PBT and PAT OCF at -162cr vs -96cr mainly due to inventory increase Inventory at 138cr vs 51cr ,most of it should be executed in FY27 Receivables reduce sharply at 77cr vs 118cr Other current assets spike up to 339cr vs 49cr. This needs clarification in tomorrow's concall Hi Tech Pipes #HiTechPipes Good revenue uptick Decent EBITDA growth Higher finance costs and depreciation lead to flat PBT Rev at 1480cr vs 733cr⏫102% YoY,⏫38% QoQ EBITDA at 46cr vs 35cr⏫33% YoY,⏫11% QoQ Finance costs at 16cr vs 7cr Depreciation at 8cr vs 4cr OPM down at 3.1% vs 4.7% PBT flat at 23cr Vinyas Innovative Technologies #Vinyas Good H2FY26 with good growth vs H1FY26 and H2FY25 Rev at 302cr vs 247cr, H1 at 212cr EBITDA at 37cr vs 24cr, H1 at 21cr PBT at 30cr vs 17cr, H1 at 13cr OCF at -21cr vs 14cr Danlaw Technologies #Danlaw Good Q4FY26 Rev at 80cr vs 62cr, Q3 at 62cr PBT at 13cr vs 9cr, Q3 at 6cr PAT at 9.5cr vs 6.5cr, Q3 at 4.4cr OCF at 21cr vs 10cr Taj GVK Hotels #TajGVK Good Q4FY26 with good QoQ and YoY uptick across all parameters Rev at 159cr vs 125cr, Q3 at 136cr PBT at 43cr vs 34cr, Q3 at 40cr OCF at 173cr vs 116cr #AshokLeyland Rev at 14075cr vs 11857cr, Q3 at 11478cr PBT at 1909cr vs 1671cr, Q3 at 1373cr PAT at 1404cr vs 1245cr, Q3 at 796cr OCF at 4792cr vs 7819cr #EmamiPaper Good Q4FY26 with solid QoQ and YoY uptick across profitability metrics Rev at 496cr vs 474cr, Q3 at 500cr Other income at 14cr vs 2cr PBT at 46cr vs 4cr, Q3 at 29cr PAT at 32cr vs 4cr, Q3 at 17cr OCF at 197cr vs 44cr #UdayJewellery Solid Q4FY26 with big QoQ and YoY uptick across all parameters Rev at 226cr vs 106cr, Q3 at 204cr PBT at 15cr vs 3cr, Q3 at 8cr PAT at 11cr vs 2cr, Q3 at 6cr Inventory at 205cr vs 117cr OCF at -107cr vs -18cr #CordsCable Rev at 266cr vs 233cr, Q3 at 236cr PBT at 11cr vs 6cr, Q3 at 6.5cr PAT at 8.2cr vs 4.3cr, Q3 at 5cr OCF at 43cr vs 14cr #PartyCruisers Rev at 111cr vs 84cr, H1 at 36cr PBT at 14cr vs 8.6cr, H1 at 3cr PAT 10cr vs 6cr, H1 at 2.6cr #IndNippon India Nippon Electricals Rev at 299cr vs 233cr, Q3 at 272cr PBT at 35cr vs 25cr, Q3 at 33cr OCF at 40cr vs 50cr #Technocraft Rev at 712cr vs 702cr, Q3 at 662cr Good margin expansion QoQ and YoY Other income at 14cr vs 29cr PBT at 105cr vs 92cr, Q3 at 74cr OCF at 243cr vs 276cr #LordsChloro Rev at 98cr vs 80cr, Q3 at 94cr PBT at 6.2cr vs 3.6cr, Q3 at 4.1cr OCF at 27cr vs 9cr #ShivamChemicals Rev at 152cr vs 130cr, H1 at 132cr PBT at 5.2cr vs 2.1cr, H1 at 2.5cr PAT at 4.2cr vs 1.5cr, H1 at 2cr OCF at -6cr vs -14cr #ThemisMed Rev at 77cr vs 71cr, Q3 net 90cr PBT at 9cr vs loss, Q3 at 10cr 9cr includes 7cr from associates/JV OCF at -3cr vs 35cr #BLKashyap Rev at 364cr vs 294cr, Q3 at 324cr Other income at 16cr vs 4cr PBT at 27cr vs loss, Q3 at 16cr OCF at 109cr vs 87cr #SourceNaturalFoods Rev at 23cr vs 18cr, Q3 at 22cr PBT at 2cr vs 0.8cr, Q3 at 1.1cr OCF at -2.4cr #Balurghat Rev at 32cr vs 26cr, Q3 at 28cr PBT at 4.8cr vs 0.8cr, Q3 at loss OCF at -4cr vs -8cr Decent: #Alkem-EBITDA below ests #Hawkins-Rwv⏫18%, PBT ⏫14% #HMVL #KCP-Rev⏫6%, PBT ⏫15% #PurpleWaveInfo-Rev flat, PBT ⏫36% #AgarwalToughGlass-PBT⏫15% #NaharSpng-PBT⏫11%

@ManthanTweets1 @spectre_ghotra @abdulgafarkhan @nid_rockz It matters buddy . Just pray we get excellent results.

@ymohit95 @spectre_ghotra @abdulgafarkhan @nid_rockz Market is closed. How does it matter when they declare. Board meeting time was not provided so it could be in evening as well.

@spectre_ghotra @abdulgafarkhan @nid_rockz Last H1 they released around 3 pm .

@ymohit95 @abdulgafarkhan @nid_rockz No every time they do this climax should always be better

@abdulgafarkhan @nid_rockz Late results always comes bad . I hope it will not be the case with oriana . 🤞

@nid_rockz Oriana power? Can't find anything anywhere about its results.

@Arun3677 @nileshkurhade Oriana result

@nileshkurhade Context ??

@ANI Those who msg u regarding UPSC will never be able to clear UPSC. Bitter but truth . UPSC requires atleast a basic IQ.

#WATCH | Delhi: On his breakthrough role of 'Sandeep bhaiya' in Aspirants, actor Sunny Hinduja says, “I keep getting messages. Sometimes, people text me to say they have exams the next day and ask me what to do. That is the innocence and kind of love people have…people also text saying they are mentally not doing okay, and I see and try to respond as much as possible…”

@Aryaman077 @hunnykumar1908 Can't say about this .

Which is the most transparent State PSC exam ?

@Aryaman077 @hunnykumar1908 270 is altogether a different game . Let's not talk about that 😂😂😂

@ymohit95 @hunnykumar1908 Will till u reach the interview stage

@MortalDeceiver @Kyayrrrrr 🫡🫡🫡 sorry shaktiman

@ymohit95 @Kyayrrrrr There is no god, and I do not support the institution of marriage. So dw, none of that is happening.

"law wali ladkiya ghar nhi basati"kyu uncle woh aapko cross question kar degi isliye

@MortalDeceiver @Kyayrrrrr Maa baap ki baatein sunna is so called "pinjra" then even god couldn't help u .. Pls Don't marry Let a family be saved from you

@ymohit95 @Kyayrrrrr That's not a ghar, bigguy, that's a pinjra aur aapko wo pinjra mubarak.

@AvishkarNagrath Not today . Oriana is scheduled for tomorrow

@microcp2mltibgr Ab hogi kambal kutai

Do you think Black box results are in line with the run-up that happened?