Financial Results for the Quarter ended December 31, 2025
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Solana Biofuels reported continued financial weakness in Q3 FY26 (Dec 2025). Revenue from operations fell sharply to ₹2,318.64 lakhs from ₹3,167.22 lakhs in the same quarter last year, a drop of about 27%. On a nine-month basis, revenue collapsed 42% to ₹7,125.04 lakhs (from ₹12,274.36 lakhs). Net loss for the quarter widened to ₹(276.46) lakhs from ₹(70.33) lakhs, and the nine-month loss ballooned to ₹(955.52) lakhs versus ₹(191.55) lakhs a year ago. The Bio Diesel segment, which drove most of the revenue, swung from a small EBITDA profit of ₹57.23 lakhs in Q3 FY25 to a loss of ₹(141.16) lakhs in Q3 FY26. Other equity has slipped further into negative territory at ₹(1,793.97) lakhs, though the auditor's limited review report is clean with no qualifications.
Sharply lower revenue and deepening losses in the core Bio Diesel business are negative for shareholders, signalling continued stress on operations and weak pricing or demand. The widening gap between losses and reserves, combined with negative other equity, raises concerns about long-term viability even though the auditor has not flagged a formal going-concern issue.