Audited Financial Result 31.03.2026 Balance Sheet 31.03.2026 Cash Flow 31.03.2026 Related PArty Transaction 31.03.2026
Awaiting price reaction for this filing.
Citizen Solar Limited (formerly Citizen Infoline Limited), a solar panel manufacturer, reported strong FY2026 results with revenue from operations at ₹31,092.20 lakhs, up 67.4% from ₹18,568.86 lakhs in FY2025. Net profit surged 92.7% to ₹2,242.78 lakhs from ₹1,163.42 lakhs. EBITDA margin modestly expanded to ~11.0% from ~10.7% prior year. The company completed a Scheme of Amalgamation with Citizen Solar Private Limited (appointed date 1 April 2023), approved by NCLT on 25 March 2026, and has restated financials for all periods from the appointed date under Ind AS 103 pooling of interest method. Related party transactions involving key management persons and Technotrends Marketing Private Limited were disclosed. The statutory auditor issued an unmodified (clean) opinion.
Revenue and profit growth are impressive for a solar manufacturing company. The amalgamation with the private entity likely contributed to the asset base increase (total assets grew from ₹5,585 lakhs to ₹17,745 lakhs). Shareholders should note prior period figures have been restated, so direct YoY comparisons may not align with previously published numbers.