Outcome of Board Meeting
Awaiting price reaction for this filing.
The board of Onix Solar Energy Ltd (formerly ABC Gas International Ltd) approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs 4,519.76 lakhs against Rs 2,938.53 lakhs for the full previous fiscal year, indicating a steep business ramp-up. Profit before tax for the quarter came in at Rs 135.06 lakhs and net profit at Rs 101 lakhs, sharply higher than Rs 4.25 lakhs in the same quarter last year. Basic EPS for the quarter was Rs 5.10 versus Rs 0.21 a year ago. The auditor (Jhunjhunwala Jain & Associates LLP) issued an unmodified limited review report.
Strong quarter with both top line and bottom line showing multi-fold growth, likely to be viewed positively by shareholders. The rebrand to Onix Solar Energy and the surge in revenue suggest the company has pivoted firmly into the solar energy business, though the small base means sustainability of these numbers should be watched in coming quarters.