In reference to captioned subject, we hereby inform you that the Board of Directors of the Company, in their Board Meeting held on today, i.e. on Saturday, May 03, 2025, held at the Registered ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Solarium Green Energy Limited approved the audited standalone and consolidated financial results for the half year and full year ended March 31, 2025. The auditor, M/s. Abhishek Kumar & Associates, issued an unmodified (clean) opinion on the results. Profit before tax for FY25 stood at approximately ₹22.55 crore on a standalone basis, marginally higher than ₹21.42 crore in FY24. Total balance sheet size tripled to ₹234.43 crore (from ₹78.10 crore), largely due to the recent SME IPO. The company raised ₹105.04 crore through its IPO in February 2025 and has utilized about ₹38.63 crore so far, with ₹66.41 crore still pending deployment — mostly for working capital. There is no deviation reported in the use of IPO proceeds, as reviewed by the audit committee and confirmed by the auditor.
Clean audit opinion and orderly IPO fund utilization are reassuring for shareholders. However, the standalone cash flow from operations was deeply negative at around ₹(61.94) crore despite a positive profit, driven by a sharp rise in trade receivables (₹90.90 crore vs ₹31.52 crore last year) — investors should watch for working capital and collection efficiency going forward.