Indosolar Limited has informed the Exchange about Appointment of M/s Mahajan & Aibara Chartered Accountant LLP, chartered accountants as internal auditor of the Company to conduct internal audit of the Company for the financial year 2026-2027
WAAREEINDO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.1 pts less than Nifty Microcap 250 and 6.0 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Indosolar Limited, a Waaree group company, announced strong financial results for FY2026 ended March 31, 2026. Revenue from operations more than doubled to ₹67,984.85 lakhs from ₹32,390.62 lakhs in the previous year. Profit after tax surged to ₹24,659.91 lakhs compared to ₹5,478.19 lakhs, driven by the company's solar photovoltaic module manufacturing operations that commenced commercial production in July 2024. The Board also approved appointments of Mr. Nilesh Gandhi as Independent Director, Mr. Abhishek Pareek as CFO, M/s Mahajan & Aibara as internal auditor, and M/s N Ritesh and Associates as cost auditor for FY 2026-2027. Deferred tax assets of ₹6,163.51 lakhs were recognized during the year based on probable future taxable profits. Cash generated from operating activities stood at ₹7,837.03 lakhs.
The company reported exceptional PAT growth of approximately 350% year-over-year, with an unmodified audit opinion from S.G.C.O. & Co. LLP. The significant jump in trade receivables (from ₹465.54 lakhs to ₹20,961.51 lakhs) warrants monitoring for working capital quality. The strong financial performance and positive cash flows indicate improved financial health.