IPOWER
I Power Solutions India financials
- Market cap
- ₹11 Cr
Quarterly results
Q1 FY27: net profit down 14.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -0 | -0 | -0 | -0 −200% | -0 −433% | -1 −90% | -0 −75% |
| Net profit | -0 | -0 | -0 | 0 | -0 −100% | -0 −400% | -1 −59% | 0 −14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −23.7% 1Y
1Y: ₹19.28 on 1 Sept 2025 → ₹14.71. High ₹23.42 (9 Feb 2026), low ₹14.71 (7 Sept 2026).
Financials, as filed
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹-0 Cr | ₹-1 Cr | ₹-1 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-0 Cr | ₹-1 Cr | ₹-1 Cr |
| Cash from operations | ₹-0 Cr | ₹-0 Cr | ₹-2 Cr |
| Free cash flow | ₹-0 Cr | ₹-0 Cr | ₹-0 Cr |
| ROCE | -3.7% | -11.6% | -20.8% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹0 Cr | ₹0 Cr | ₹-0 Cr | ₹-0 Cr | ₹1 Cr | ₹-1 Cr |
| Borrowings | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Total liabilities | ₹7 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹7 Cr | ₹6 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹7 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Total assets | ₹7 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹7 Cr | ₹6 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −15.16 pp while the public added +15.16 pp.
- Promoters
- 46.5%
- Public
- 53.5%
Since Jun 2025
- Promoters −15.16 pp
- Public +15.16 pp
How it drifted, 12 quarters
Over this window promoters fell from 61.7% to 46.5% — −15.2 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 61.7%, Public 38.3%.Mar '25: Promoters 61.7%, Public 38.3%.Jun '25: Promoters 61.7%, Public 38.3%.Jun '25: Promoters 61.7%, Public 38.3%.Sep '25: Promoters 46.5%, Public 53.5%.Sep '25: Promoters 46.5%, Public 53.5%.Dec '25: Promoters 46.5%, Public 53.5%.Dec '25: Promoters 46.5%, Public 53.5%.Mar '26: Promoters 46.5%, Public 53.5%.Mar '26: Promoters 46.5%, Public 53.5%.Jun '26: Promoters 46.5%, Public 53.5%.Jun '26: Promoters 46.5%, Public 53.5%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajendra Wadekar newly disclosed 46.52% held
- Murali Krishna Jonnavittula newly disclosed 8.48% held
- Neena N Dharod . newly disclosed 7.63% held
- Tushar P. Shah newly disclosed 7.63% held
- Vishram Moreshwar Naniwadekar newly disclosed 2.97% held
- Bosco Armando Menezes newly disclosed 2.00% held
- Emily Bosco Menezes newly disclosed 1.77% held
- Vidya S Jonnalagadda . newly disclosed 1.66% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of I Power Solutions India Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Rajendra Wadekar | 46.52% | unchanged |
| Rajendra Wadekar | 46.52% | newly disclosed |
| Murali Krishna Jonnavittula | 8.48% | unchanged |
| Murali Krishna Jonnavittula | 8.48% | newly disclosed |
| Neena N Dharod . | 7.63% | unchanged |
| Tushar P. Shah | 7.63% | unchanged |
| Neena N Dharod . | 7.63% | newly disclosed |
| Tushar P. Shah | 7.63% | newly disclosed |
| Vishram Moreshwar Naniwadekar | 2.97% | unchanged |
| Vishram Moreshwar Naniwadekar | 2.97% | newly disclosed |
| Bosco Armando Menezes | 2.00% | unchanged |
| Bosco Armando Menezes | 2.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse I Power Solutions India Ltd
Guides on how to read this kind of business and the numbers that matter.