Summary of Key Information:
Reporting Period: Quarter Ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting and Financial Results
Audit Opinion:
Clean opinion with unmodified conclusion. Auditors drew attention to the fire incident but did not modify their conclusion.
Key Financial Highlights [All amounts in Rs. million]:
Standalone Results:
Revenue from Operations: ₹13,456.93 (Q1 FY26: ₹5,973.49, +125.2% YoY)
Total Income: ₹13,480.43 (Q1 FY26: ₹5,977.86)
Net Profit: ₹577.95 (Q1 FY26: ₹675.87, -14.5% YoY)
EPS: ₹1.88 basic and diluted (Q1 FY26: ₹2.41 basic, ₹2.40 diluted)
Paid-up equity share capital: ₹306.90
Reserves: Not Specified
Consolidated Results:
Revenue from Operations: ₹13,456.93
Total Income: ₹13,480.43
Net Profit: ₹577.94
EPS: ₹1.88 basic and diluted
Paid-up equity share capital: ₹306.90
Reserves: Not Specified
Segment-wise Performance:
The Company is engaged in production and sale of solar power generating systems (SPGS) related products with all operations predominantly in India only. No separate reportable segments as per Ind AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.
Other Significant Information:
Exceptional Item:
A major fire broke out on May 6, 2026, at the company's production facility in Bawal, District Rewari, Haryana, resulting in damage to building structures, plant and machinery, and inventories with aggregate carrying value of ₹1,435.81 million. This has been recognized as an exceptional item. The company has adequate insurance coverage and has lodged claims, but recovery cannot be ascertained yet as assessment is in progress.
BIS Inspection:
On March 24, 2026, Bureau of Indian Standards conducted inspection and search at the company's Greater Noida facility and seized products worth ₹24.50 million alleging non-compliance with BIS standards. Another inspection on April 28, 2026, at Bawal facility resulted in seizure of goods worth ₹19 million. The company believes it has adhered to all BIS requirements and has filed submissions with BIS.
Acquisition:
On April 25, 2026, the company acquired 3,100 equity shares (31% stake) each in Zayo Energy Private Limited and Zayo Cables Private Limited, making them associates. The consolidated results include the company's share of net loss after tax and total comprehensive loss of these associates from the acquisition date.