Rectification of Typographical Error and Submission of Revised Financial Results for the Half Year and Year Ended on March 31. 2025
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Solarium Green Energy has revised its audited results after correcting an inadvertent typographical error in the FY24 EPS figure (now ₹10.49 instead of the earlier ₹52.47). No other numbers in the FY25 results have changed. For FY25, revenue from operations rose to ₹23,007.64 lakhs (up ~30% from ₹17,739.69 lakhs in FY24), while profit after tax grew to ₹1,858.86 lakhs (up ~18% from ₹1,574.06 lakhs). EPS for FY25 stood at ₹11.65. The company recently listed on BSE SME in February 2025 following an IPO of ₹10,504.24 lakhs, and these are its first reported listed financials. The auditor (Abhishek Kumar & Associates) issued an unmodified opinion on both standalone and consolidated results.
The revision is purely a typo correction (EPS of FY24) with no impact on FY25 numbers, so shareholders need not worry about the change. Underlying business showed strong revenue growth (~30%) but weaker profit growth (~18%), with PBT margins compressing due to sharply higher employee and other expenses. Net operating cash flow turned sharply negative (₹-6,193 lakhs vs ₹-20 lakhs last year) and short-term borrowings jumped nearly 3x, which investors should monitor closely.