updated outcome with proper scan pages
WAAREEINDO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indosolar Limited, part of the Waaree Group, reported its Q1 FY26 (quarter ended June 30, 2025) standalone unaudited results. Revenue from operations stood at ₹19,467.57 lakhs, broadly flat sequentially versus ₹19,200.48 lakhs in Q4 FY25, with year-ago quarter figures not comparable as commercial production at its Greater Noida plant only started in July 2024. Profit after tax jumped sharply to ₹11,679.26 lakhs (EPS ₹28.07) from ₹4,004.40 lakhs in Q4 FY25, largely because the company recognized a deferred tax asset of ₹6,163.51 lakhs for the first time, citing probable future taxable profits. Excluding this one-time tax benefit, core pre-tax profit was ₹5,515.75 lakhs. The board also approved the appointment of Shiv Kumar Agarwal as Independent Director, accepted the resignation of Nilesh Bhogilal Gandhi (personal reasons), and appointed new internal, secretarial, and cost auditors. The 16th AGM is scheduled for August 29, 2025, and trading in the stock resumed on June 19, 2025 after prior exchange approvals.
The headline PAT surge is mostly a non-cash accounting boost from deferred tax recognition rather than operating performance, so investors should look at the pre-tax profit of ~₹5.5 crore as the real quarterly earnings indicator. Resumption of trading and new director/auditor appointments are routine governance changes with no material impact on the stock price in the near term.