Standalone Financial Results for the quarter ended June 30, 2025
Awaiting price reaction for this filing.
Onix Solar Energy Ltd (formerly ABC Gas International) reported a sharp jump in Q1FY26 revenue at Rs. 4,519.76 lakhs, up from Rs. 259 lakhs in Q1FY25 — a roughly 17x year-on-year increase, reflecting what appears to be a major business pivot into solar energy. Sequentially, revenue nearly doubled from Rs. 2,327 lakhs in Q4FY25. Net profit for the quarter rose to Rs. 101 lakhs (EPS of Rs. 5.10), compared with Rs. 4.25 lakhs (EPS of Rs. 0.21) in the same quarter last year. Profit before tax came in at Rs. 135.06 lakhs versus Rs. 4.25 lakhs a year ago. The statutory auditor, Jhunjhunwala Jain & Associates LLP, issued an unqualified (clean) limited review report with no qualifications or emphasis-of-matter paragraphs.
A blockbuster quarter with revenue and profit multiples higher than last year, likely tied to the company's transition into solar energy. The clean auditor opinion and absence of exceptional items add credibility, though investors should watch whether the strong growth sustains in coming quarters.