Audited (Standalone & Consolidated) Financial Results for the Half year and year ended 31st March 2026
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GRE Renew Enertech Ltd reported strong financial results for FY26 ended March 2026. Standalone revenue from operations grew 44.8% to Rs 11,534.72 lakhs from Rs 7,965.87 lakhs in FY25. Profit after tax surged 72.4% to Rs 1,207.82 lakhs from Rs 700.45 lakhs, while EPS improved to Rs 10.74 from Rs 6.69. Consolidated revenue grew 46.8% to Rs 12,292.16 lakhs with PAT jumping 93.3% to Rs 1,357.74 lakhs and EPS at Rs 12.08. The company completed its IPO in January 2026, raising Rs 3,956.40 lakhs through 37.68 lakh shares at Rs 105 each. The Board also approved variation in IPO proceeds utilization, reallocating Rs 2.06 crore from automated to manual/semi-mechanised cleaning for its solar power plant, and noted slight reduction in project capacity from 9.99 MW DC to 9.67 MW DC.
The company delivered robust double-digit growth in both revenue and profitability, driven by strong performance in its Solar EPC and Sale of Power segments. The unmodified audit opinion indicates clean financials with no going concern issues, which is positive for shareholder confidence.