Key Quantitative Figures
Consolidated Financial Results (FY2026 vs FY2025):
- Revenue from operations: ₹2,408.52 crore vs ₹1,290.80 crore (86.7% increase)
- Total Revenue: ₹2,445.36 crore vs ₹1,301.21 crore (87.9% increase)
- Net Profit: ₹525.36 crore vs Net Loss of ₹16.83 crore
- Basic EPS: ₹20.96 vs ₹(0.85)
- Diluted EPS: ₹20.96 vs ₹(0.85)
Consolidated Financial Results (Q4 FY2026):
- Revenue from operations: ₹766.76 crore
- Total Revenue: ₹771.77 crore
- Net Profit: ₹281.04 crore
- Basic EPS: ₹11.21
- Diluted EPS: ₹11.21
Standalone Financial Results (FY2026 vs FY2025):
- Revenue from operations: ₹1,571.18 crore vs ₹884.67 crore (77.6% increase)
- Total Revenue: ₹1,577.41 crore vs ₹887.85 crore (77.7% increase)
- Net Profit: ₹401.94 crore vs ₹17.59 crore (2,185% increase)
- Basic EPS: ₹16.03 vs ₹0.09
- Diluted EPS: ₹16.03 vs ₹0.09
Subsidiary Financial Information (Nexgenix Solar Manufacturing Private Limited):
- Total assets: ₹728.68 crore as at March 31, 2026
- Total revenues: ₹83,734.50 crore for quarter and ₹638.10 crore for year ended March 31, 2026
- Total net profit before tax: ₹12.34 crore for quarter and ₹24.34 crore for year
- Total comprehensive income: ₹2,445.36 crore for quarter and ₹771.77 crore for year
- Net cash inflows: ₹43.08 lakh for year ended March 31, 2026
Dates of Action
- Board Meeting held: April 23, 2026 (5:30 PM to 7:50 PM)
- Initial submission to BSE: April 23, 2026
- Revised submission to BSE: April 27, 2026
- Final audit report submission: May 26, 2026
- Auditor's report date: April 23, 2026
Parties Involved
- Subsidiary: Nexgenix Solar Manufacturing Private Limited
- Stock Exchange: Bombay Stock Exchange Limited
- Auditor: A.H. Mandaliya & Associates (FRN: 146705W)
- Managing Director: Piyush Savaliya (DIN: 06464445)
- Auditor Partner: Hiren J. Mandaliya (Membership No.: 140193)
Acquisition and Subsidiary Details
During the quarter/year ended March 31, 2026, Onix Solar Energy Limited acquired 99% equity stake in Nexgenix Solar Manufacturing Private Limited, making it a subsidiary under the Companies Act, 2013 and Ind AS 110. The consolidated financial results include the financial results of this subsidiary from the date of acquisition, making corresponding figures for previous periods not comparable.
Financial Position (Consolidated Balance Sheet as at March 31, 2026)
- Total Assets: ₹844.94 crore
- Non-current assets: ₹458.59 crore (including Goodwill on Consolidation: ₹32.00 lakh, Intangible assets: ₹455.39 crore)
- Current assets: ₹386.34 crore
- Total Equity: ₹784.24 crore
- Share Capital: ₹25.07 crore
- Reserves and Surplus: ₹759.17 crore
- Non-current liabilities: ₹36.99 crore
- Current liabilities: ₹23.70 crore
Cash Flow Statements (Consolidated FY2026)
- Net cash used in operating activities: ₹(257.76) crore
- Net cash from investing activities: ₹1.88 crore
- Net cash from financing activities: ₹256.31 crore
- Net increase in cash and cash equivalents: ₹43.08 lakh
Audit Opinion
M/s. A.H. Mandaliya & Associates, Statutory Auditors, issued unmodified audit reports on both the standalone and consolidated financial results, confirming that:
- The statements give a true and fair view in conformity with Indian Accounting Standards
- The results are presented in accordance with Regulation 33 of SEBI Listing Regulations
- The consolidated results include the subsidiary Nexgenix Solar Manufacturing Private Limited
- The audit was conducted in accordance with Standards on Auditing
Notes and Qualifications
- The company operates in only one segment: "Renewable Energy Sector Solar Module Products"
- No investor complaints were received during the quarter ended March 31, 2026
- Figures for previous periods have been regrouped for comparability
- The Q4 results represent the balancing figure between audited full-year figures and published unaudited year-to-date figures up to Q3
#Tags: #OnixSolarEnergy #SEBIDisclosure #FinancialResults #RegulatoryCompliance #Positive