Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Quarterly Financial Results
Audit Opinion:
Unmodified Review Report - No material misstatements identified
Key Financial Highlights [All amounts in Rs. million]:
Standalone Results:
Revenue from Operations: ₹1,136.32 (Q1 FY27) vs ₹677.95 (Q1 FY26) - 67.6% increase YoY
Total Income: ₹1,649.11 (Q1 FY27) vs ₹1,229.47 (Q1 FY26) - 34.1% increase YoY
Net Profit: ₹74.47 (Q1 FY27) vs ₹175.67 (Q1 FY26) - 57.6% decrease YoY
EPS: Basic ₹0.15, Diluted ₹0.15 (face value of ₹10 per share)
Other Equity: Not specified for current quarter
Finance Costs: ₹512.15 (Q1 FY27) vs ₹325.44 (Q1 FY26) - 57.4% increase YoY
Consolidated Results:
Revenue from Operations: ₹2,911.96 (Q1 FY27) vs ₹1,606.68 (Q1 FY26) - 81.2% increase YoY
Total Income: ₹3,242.13 (Q1 FY27) vs ₹1,811.99 (Q1 FY26) - 78.9% increase YoY
Net Profit: ₹334.52 (Q1 FY27) vs ₹216.87 (Q1 FY26) - 54.3% increase YoY
EPS: Basic ₹0.68, Diluted ₹0.68 (face value of ₹10 per share)
Other Equity: Not specified for current quarter
Finance Costs: ₹1,758.18 (Q1 FY27) vs ₹792.14 (Q1 FY26) - 122.0% increase YoY
Segment-wise Performance:
The Group operates in a single reportable segment - sale of power from renewable power plants within India. No geographical segmentation as operations are limited to India.
Corporate Actions:
- Completed Initial Public Offer (IPO) of 8,00,09,150 equity shares of face value ₹10 each at issue price of ₹225 per share (including share premium of ₹215 per share)
- Fresh issue aggregating to ₹18,000.00 million
- Employee reservation portion: 98,039 equity shares issued at ₹204 per share aggregating to ₹20 million
- Equity shares listed on NSE and BSE on August 6, 2026
Other Significant Information:
- Effective April 1, 2026, revised useful life of Plant and Machinery (Solar and Wind power plants) based on operational efficiency review
- For standalone: Depreciation charge would have been higher by ₹3.10 million without revision, net impact on PAT ₹2.32 million
- For consolidated: Depreciation charge would have been higher by ₹124.05 million without revision, net impact on PAT ₹97.43 million
- Company and certain subsidiaries commenced commercial generation and sale of power during Q1 FY26, expanding operational base
- Renewable energy business is seasonal in nature
- Financial performance for Q1 FY27 not strictly comparable with previous quarters due to expanded operations
- 56 subsidiaries included in consolidation
- Auditors did not review financial results of 50 subsidiaries representing total revenues of ₹2,145.12 million and net profit of ₹186.39 million for Q1 FY27