Financial Results

SWELECT Energy Systems Limited announced its unaudited financial results for the quarter ended 30th June 2026, approved by the Board of Directors. The results were reviewed by M/s. Deloitte Haskins & Sells LLP, who issued an unmodified review report.

Standalone Financial Performance (Q1 FY27):

  • Revenue from operations: ₹119.49 crore
  • Other income: ₹11.37 crore
  • Total Income: ₹130.86 crore
  • Profit before tax: ₹222.55 crore
  • Tax expense: ₹35.77 crore
  • Net Profit after tax: ₹186.78 crore
  • Basic EPS: ₹12.32
  • Diluted EPS: ₹12.28

Comparative Standalone Performance:

  • Q1 FY26 Revenue: ₹65.64 crore
  • Q1 FY26 Net Profit: ₹40.38 crore
  • Q1 FY26 Basic EPS: ₹2.66

Consolidated Financial Performance (Q1 FY27):

  • Revenue from operations: ₹130.77 crore
  • Other Income: ₹9.94 crore
  • Total Income: ₹140.72 crore
  • Profit before tax: ₹103.94 crore
  • Tax expense: ₹27.41 crore
  • Net Profit after tax: ₹76.53 crore
  • Basic EPS: ₹4.66
  • Diluted EPS: ₹4.64
  • Profit attributable to owners of the parent: ₹70.66 crore

Cost Audit Report

The Board took note of the cost audit report for the year ended 31.03.2026, signed by Mr. R Ravichandran, Partner of M/s. Ravichandran Bhagyalakshmi & Associates (Firm Reg. No 001253), Cost Accountants, Chennai.

Additional Investment in Subsidiary

The Board approved an additional investment of ₹5,51,79,000 (₹5.52 crore) in the equity share capital of SWELECT Sunpower Plus Private Limited, a wholly owned subsidiary. This investment is for setting up a 5 MW solar power plant under the Group Captive Scheme in Karnataka.

Investment Details:

  • Target Entity: SWELECT Sunpower Plus Private Limited
  • Industry: Solar Power Generation and Distribution
  • Paid-up equity share capital: ₹1,00,000
  • Transaction falls under related party transaction
  • Current shareholding: 100%
  • Post-investment shareholding: 86.10% (due to additional investment by both SWELECT and proposed group captive consumers)
  • Consideration: Cash at face value of ₹10 per equity share
  • The subsidiary was incorporated on 20th March 2025 and has not commenced commercial operations
  • Turnover for FY 2025-2026: Nil
  • The transaction is at arm's length basis

Update on Previous Acquisition Intimation

With reference to the previous intimation regarding the proposed acquisition of Dexler Solar Park Phase 1 Private Limited made on 25th July 2026, the Board decided to keep the proposed acquisition in abeyance for the time being. The company may reconsider the proposed acquisition at an appropriate time, subject to prevailing circumstances.