Gujarat Inject Kerala Limited (BSE: 524238) has secured a significant purchase order worth approximately ₹14.49 crore (exclusive of GST) from Deon Energy Limited for the supply of 16,129 Solar PV Modules of 620 WP capacity. The order was announced through a media release dated 12 June 2026 and submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Order Details
- Order Value: ₹14.49 crore (exclusive of GST)
- Product: 16,129 Solar PV Modules of 620 WP capacity
- Customer: Deon Energy Limited
- Purpose: Strengthens company's presence in renewable energy and solar solutions sector
Financial Performance Highlights
FY26 Performance:
- Revenue from operations: ₹36.32 crore (FY25: ₹19.05 crore) - 91% YoY growth
- Net Profit: ₹1.81 crore (FY25: ₹1.02 crore) - 78% YoY growth
- Profit before tax: ₹2.50 crore (FY25: ₹1.25 crore)
- Earnings per share (EPS): ₹1.24 (FY25: ₹0.70)
Q4FY26 Performance:
- Revenue from operations: ₹30.70 crore (Q4FY25: ₹4.24 crore) - 7x growth
- Profit after tax: ₹1.64 crore (Q4FY25: ₹0.07 crore) - significant increase
Strategic Context
The order follows a series of Solar PV Module contracts secured from customers including Earthwave Technology, Perfect Renewtech and Surja Infra. The company is in the process of rebranding as Regenova Renewtech Limited, reflecting its evolving business vision and increasing focus on future-oriented sectors including renewable energy and solar solutions.
Management Commentary
Mr. Deepak Diwan Bachwani, Executive Director, stated that the order represents another significant step in strengthening their renewable energy business and reflects growing customer confidence in their capabilities. He emphasized the company's focus on timely execution, strengthening customer relationships, and expanding participation across the solar ecosystem.
Market Context
The company highlighted that India's renewable energy sector continues to witness robust policy support, increasing investments and strong demand for solar infrastructure, creating significant opportunities for companies operating across the solar value chain.