Announced Thu, 13 Aug · 18:53 IST
SWELECT puts Dexler Solar Park acquisition on hold; Q1 results shared
SWELECTES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-8.8%1-day move
₹680.05
prior close
₹663.00
base price
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AI summary
SWELECT board put Dexler Solar Park Phase 1 acquisition in abeyance for reconsideration later. Also approved Rs. 5.52 crore additional investment in subsidiary SWELECT Sunpower Plus for a 5 MW Karnataka solar plant; stake drops from 100% to 86.10%. Q1 FY27 standalone net profit jumped year on year to Rs. 18.68 crore on Rs. 119.49 crore revenue. But consolidated net profit fell to Rs. 7.65 crore from Rs. 21.14 crore.
Likely market impact
Dexler deal on hold removes near-term acquisition boost. Standalone profit up sharply year on year; consolidated fell. Adds 5 MW solar capacity.