Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Clean/Unmodified opinion. The statutory auditors, Bharat J. Rughani & Co., Chartered Accountants, issued an unmodified limited review report stating nothing came to their attention that causes them to believe the financial results contain any material misstatement.
Key Financial Highlights [₹ in millions]:
Standalone Results:
Revenue from Operations: ₹5,051.92 (Q1 FY27) vs ₹2,952.68 (Q1 FY26) - 71% YoY increase
Total Income: ₹5,086.36 (Q1 FY27) vs ₹2,969.53 (Q1 FY26)
Net Profit: ₹596.73 (Q1 FY27) vs ₹369.38 (Q1 FY26) - 62% YoY increase
EPS: ₹2.94 (Basic and Diluted) vs ₹2.17 (Q1 FY26)
Other Equity: ₹8,440.72 (as of March 31, 2026)
Paid-up Equity Share Capital: ₹405.63 (Face Value ₹2 each)
Consolidated Results:
Revenue from Operations: ₹5,051.92 (Q1 FY27) vs ₹3,247.86 (Q1 FY26) - 56% YoY increase
Total Income: ₹5,086.36 (Q1 FY27) vs ₹3,263.99 (Q1 FY26)
Net Profit: ₹596.49 (Q1 FY27) vs ₹373.14 (Q1 FY26) - 60% YoY increase
EPS: ₹2.94 (Basic and Diluted) vs ₹2.19 (Q1 FY26)
Other Equity: ₹8,470.82 (as of March 31, 2026)
Segment-wise Performance [₹ in millions]:
Consolidated Segment Revenue Q1 FY27:
EPC Business and Supply of Systems: ₹5,051.92
Trading of Solar Cells (DCR) and Others: ₹0 (no revenue this quarter)
Consolidated Segment Profit (PBIT) Q1 FY27:
EPC Business: ₹849.95
Trading of Solar Cells (DCR) and Others: ₹0
Corporate Actions:
Dividend: Recommended Final Dividend of ₹0.50 per equity share (25% of face value ₹2) for FY25-26
Record Date: Monday, August 24, 2026
Cutoff Date: Monday, August 24, 2026 (for AGM voting eligibility)
Payment: Within 30 days from AGM date if approved by shareholders
Other Significant Information:
Annual General Meeting: 18th AGM scheduled for Monday, August 31, 2026 at 11:00 AM IST through Video Conferencing
Board Report Approval: Approved Board's Report, Corporate Governance Report, and Management Discussion and Analysis Report for FY25-26
Committee Reconstitution: Reconstituted Stakeholders' Relationship Committee, Nomination and Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee
Business Description: Company is primarily into design, manufacture, supply, transport, installation, testing and commissioning of decentralized solar systems focused on Solar Photovoltaic Water Pumping Systems (Solar Agricultural Pumps)
IPO Details: Completed IPO of 30,343,790 equity shares at ₹153 per share, listed on NSE and BSE on September 26, 2025
IPO Proceeds Utilization: Fully utilized ₹3,689.43 million as proposed - ₹3,224.58 million for working capital and ₹464.85 million for general corporate purposes (including tax-related payments)
Unutilized IPO proceeds temporarily invested in fixed deposits with scheduled commercial banks