Solarworld Energy Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
SOLARWORLD · price
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Solarworld Energy Solutions Limited approved audited standalone and consolidated financial results for FY2026 ending March 31, 2026. The company reported revenue of Rs 12,020.05 million, more than doubling from Rs 5,463.24 million in FY2025 (120% growth). Profit after tax grew 51% to Rs 1,326.72 million from Rs 876.35 million. EPS stood at Rs 16.47 per share. The company completed its IPO in September 2025 raising Rs 4,400 million, with Rs 1,016.78 million utilized for general corporate purposes and Rs 420 million invested in subsidiary KSPL for the Pandhuana Project; balance temporarily in fixed deposits. Ms. Rini Chordia resigned as Chairperson and Independent Director; Mr. Kartik Teltia was redesignated as Chairman & Managing Director effective May 27, 2026. Auditors issued an unmodified (clean) opinion. The auditors highlighted an Emphasis of Matter regarding an ongoing dispute with SJVN Green Energy Limited where the company has filed claims of Rs 2,193.35 million with the Dispute Adjudication Board for suspended EPC contracts worth Rs 4,592.19 million.
Strong financial performance with over 100% revenue growth and 51% PAT growth. The SJVN dispute remains a key risk to monitor as it involves significant suspended projects and claims. Board changes following the chairperson's resignation may impact governance dynamics.