Audited Financial Results for the year ended March 31, 2026
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Solana Biofuels reported a significant deterioration in FY26 performance with revenue declining 35% to Rs. 9,557 lakhs from Rs. 14,742 lakhs in FY25. The company posted a net loss of Rs. 1,237 lakhs, a sharp worsening from the Rs. 111 lakh loss in the previous year. Losses widened across both business segments - Bio Diesel segment swung from a profit of Rs. 53 lakh to a loss of Rs. 913 lakh, while Internet Services continued to be loss-making. Finance costs rose to Rs. 287 lakh from Rs. 233 lakh. The company reported negative operating cash flow of Rs. 138 lakh versus positive cash flow of Rs. 127 lakh in FY25. Other equity turned deeply negative at Rs. -2,076 lakh (from Rs. -840 lakh). Despite the poor results, auditors issued an unmodified (clean) opinion.
The stock faces significant headwinds given steep revenue decline, widening losses, negative cash flows and eroded net worth. The balance sheet shows high debt of Rs. 17,800 lakh against equity of only Rs. 2,424 lakh, indicating potential solvency concerns for shareholders.