Key Events and Clarifications

  • The Company submitted a clarification to BSE regarding discrepancies in revised XBRL filings dated September 7, 2026
  • Discrepancies arose between XBRL data and PDF financial results for both standalone and consolidated financial statements
  • The Board noted certain changes in financial figures at its meeting held on September 7, 2026, leading to revised filings
  • Company is taking steps to reconcile reported figures and rectify XBRL discrepancies to ensure consistency with Board-approved results

Standalone Financial Results (Amounts in ₹ Lakhs)

Quarterly Performance:

  • Q4 FY26: Revenue from operations ₹7,029.54, Net profit ₹1,567.65
  • Q3 FY25: Revenue from operations ₹1,612.24, Net profit ₹1,437.32
  • Q4 FY25: Revenue from operations ₹2,327.00, Net profit ₹63.66

Annual Performance FY26:

  • Total revenue: ₹15,775.93
  • Net profit: ₹3,016.47
  • EPS: Basic ₹12.03, Diluted ₹12.03
  • Paid-up equity share capital: ₹250.70

Comparative FY25:

  • Total revenue: ₹2,980.62
  • Net profit: ₹145.39
  • EPS: Basic ₹0.73, Diluted ₹0.73
  • Paid-up equity share capital: ₹198.00

Standalone Balance Sheet as at March 31, 2026

Assets:

  • Non-current assets: ₹1,715.05 (Previous: ₹3.02)
  • Current assets: ₹78,337.23 (Previous: ₹3,934.92)
  • Inventory: ₹6,452.35 (Previous: ₹0)
  • Investments: ₹57,176.65 (Previous: ₹0)
  • Trade receivables: ₹9,039.26 (Previous: ₹31.32)
  • Cash and cash equivalents: ₹2.68 (Previous: ₹164.25)
  • Other current assets: ₹5,480.09 (Previous: ₹3,327.66)
  • Total assets: ₹80,052.28 (Previous: ₹3,937.94)

Equity and Liabilities:

  • Share capital: ₹2,507.02 (Previous: ₹198.00)
  • Reserves and surplus: ₹74,914.24 (Previous: ₹343.51)
  • Total equity: ₹77,421.26 (Previous: ₹541.51)
  • Current liabilities: ₹2,628.61 (Previous: ₹3,396.43)
  • Trade payables: ₹1,503.05 (Previous: ₹86.68)
  • Other current liabilities: ₹79.76 (Previous: ₹3,269.55)
  • Provisions: ₹1,045.80 (Previous: ₹40.20)

Standalone Cash Flow Statement FY26

  • Cash flow from operating activities: (₹15,956.93)
  • Cash flow from investing activities: ₹51.81
  • Cash flow from financing activities: ₹15,929.77
  • Net increase in cash: ₹24.65

Consolidated Financial Results (Amounts in ₹ Lakhs)

Quarterly Performance:

  • Q4 FY26: Revenue from operations ₹7,661.43, Net profit ₹1,508.46
  • Q3 FY25: Revenue from operations ₹1,640.29, Net profit ₹1,512.23
  • Q4 FY25: Revenue from operations ₹2,327.00, Net loss (₹250.07)

Annual Performance FY26:

  • Total revenue: ₹16,664.82
  • Net profit: ₹3,147.69
  • EPS: Basic ₹12.56, Diluted ₹12.56
  • Paid-up equity share capital: ₹250.70

Comparative FY25:

  • Total revenue: ₹3,042.57
  • Net profit: ₹145.39
  • EPS: Basic ₹0.73, Diluted ₹0.73
  • Paid-up equity share capital: ₹198.00

Consolidated Balance Sheet as at March 31, 2026

Assets:

  • Non-current assets: ₹52,184.02 (Previous: ₹3.02)
  • Goodwill on consolidation: ₹45,971.88
  • Current assets: ₹34,437.71 (Previous: ₹3,934.92)
  • Inventory: ₹7,717.51 (Previous: ₹0)
  • Investments: ₹8,300.00 (Previous: ₹0)
  • Trade receivables: ₹11,858.12 (Previous: ₹31.32)
  • Cash and cash equivalents: ₹23.90 (Previous: ₹164.25)
  • Total assets: ₹86,621.73 (Previous: ₹3,937.94)

Equity and Liabilities:

  • Share capital: ₹2,507.02 (Previous: ₹198.00)
  • Reserves and surplus: ₹75,045.47 (Previous: ₹343.51)
  • Total equity: ₹77,552.49 (Previous: ₹541.51)
  • Non-current liabilities: ₹5,561.76 (Previous: ₹0)
  • Borrowings: ₹5,561.76
  • Current liabilities: ₹3,507.48 (Previous: ₹3,396.43)
  • Borrowings: ₹151.87
  • Trade payables: ₹1,902.44 (Previous: ₹86.68)
  • Other current liabilities: ₹101.27 (Previous: ₹3,269.55)
  • Provisions: ₹1,351.90 (Previous: ₹40.20)

Consolidated Cash Flow Statement FY26

  • Cash flow from operating activities: (₹23,576.80)
  • Cash flow from investing activities: (₹8,180.68)
  • Cash flow from financing activities: ₹31,803.33
  • Net increase in cash: ₹45.85

Significant Corporate Development

  • During Q4 FY26, the company acquired 99% equity stake in Nexgenix Solar Manufacturing Pvt Ltd, making it a subsidiary
  • Consolidated financial results include financial results of this subsidiary from date of acquisition
  • Corresponding figures for previous periods are not comparable due to this acquisition

Additional Information

  • Company operates in single segment: "Renewable Energy Sector Solar Module Products"
  • No investor complaints during quarter ended March 31, 2026
  • Figures for previous periods regrouped for comparability
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)