The Board of Directors in their board meeting held today, 21st January 2026 have approved the unaudited financial results for the quarter and nine months ended on 31st December 2025
Awaiting price reaction for this filing.
Onix Solar Energy (formerly ABC Gas International) reported Q3 FY26 revenue from operations of Rs. 1,612.24 lakhs, down sharply from Rs. 5,726 lakhs in Q3 FY25, a roughly 72% YoY decline. Despite the revenue fall, profit after tax surged to Rs. 1,437.32 lakhs from Rs. 626 lakhs in Q3 FY25, about 130% higher, because total expenses collapsed from Rs. 5,209 lakhs to just Rs. 186.41 lakhs, mainly on near-zero purchase of stock-in-trade. For the nine months ended December 2025, total revenue grew about 52% YoY to Rs. 8,692.31 lakhs while profit after tax was largely flat at Rs. 1,432.46 lakhs. The auditor (A H Mandaliya & Associates) issued an unqualified limited review report with no qualifications, emphasis of matter, or going-concern flag. Notably, paid-up equity capital jumped from Rs. 19.80 lakhs to Rs. 270 lakhs during the quarter, pointing to a stock split or fresh equity issuance.
The quarter shows a puzzling mix of sharply lower revenue but much higher profits due to vanishing costs, which warrants scrutiny by investors on sustainability; the jump in share capital may also affect per-share comparisons and liquidity.