Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Clean limited review report - No qualifications or modifications
Key Financial Highlights [in Lakhs]:
Standalone Results:
Revenue from Operations: ₹6,836.14 lakhs (Q1 FY27) vs ₹19,467.57 lakhs (Q1 FY26) - 64.9% decrease YoY
Total Income: ₹7,674.84 lakhs (Q1 FY27) vs ₹19,599.63 lakhs (Q1 FY26)
Net Profit: ₹3,661.93 lakhs (Q1 FY27) vs ₹11,679.26 lakhs (Q1 FY26) - 68.6% decrease YoY
Quarterly Comparison:
| Metric | June 30, 2026 | March 31, 2026 | June 30, 2025 |
| Revenue from operations | 6,836.14 | 8,309.88 | 19,467.57 |
| Other Income | 838.70 | 113.42 | 132.06 |
| Total income | 7,674.84 | 8,423.30 | 19,599.63 |
| Cost of materials consumed | 2,178.71 | 326.50 | 12,151.32 |
| Profit before tax | 4,747.02 | 5,631.38 | 5,515.75 |
| Tax Expense | 1,085.09 | 1,431.50 | (6,163.51) |
| Profit after tax | 3,661.93 | 4,199.88 | 11,679.26 |
Expense Breakdown:
- Changes in Inventories: ₹(1,471.87) lakhs
- Manufacturing expenses: ₹836.78 lakhs
- Employee benefits expense: ₹174.51 lakhs
- Finance costs: ₹7.68 lakhs
- Depreciation and amortisation expense: ₹930.30 lakhs
- Other expenses: ₹271.71 lakhs
- Total Expenses: ₹2,927.82 lakhs
Tax Details:
- Deferred Tax: ₹1,085.09 lakhs (Q1 FY27) vs ₹(6,163.51) lakhs (Q1 FY26)
Capital Structure:
- Paid-up equity share capital: ₹4,160.37 lakhs (Face value ₹10 each)
- Reserves (excluding Revaluation Reserve): ₹24,540.41 lakhs
Segment-wise Performance:
The Company has identified "Manufacturing & Trading of Solar Photovoltaic Modules" as its only primary reportable segment in accordance with Ind AS 108. No separate segment information provided.
Other Significant Information:
- Received Capital Subsidy approval of ₹929.67 lakhs dated May 19, 2026 under U.P. Electronics Manufacturing Policy - 2020 (First Amendment)
- Recognized subsidy income of ₹591.69 lakhs under Other Income [Government Grant]
- Balance of ₹337.98 lakhs recognized as Deferred Government Grant
- Figures for three months ended March 31, 2026 are balancing figures between audited annual figures and unaudited nine-month figures