Unaudited Financial Result for Quarter ended 30.06.2025
Awaiting price reaction for this filing.
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2025. Revenue from operations rose to Rs 134.57 lakhs from Rs 78.82 lakhs in the same quarter last year, a jump of about 71%. Total income grew to Rs 134.57 lakhs versus Rs 87.51 lakhs. Profit after tax for the quarter improved to Rs 2.53 lakhs from Rs 0.81 lakhs, with EPS at Rs 0.05 compared to Rs 0.02 earlier. The statutory auditors issued an unqualified limited review report. The Board also noted the NCLT order dated 21 July 2025 on the proposed scheme of amalgamation of Citizen Solar Private Limited with the company, effective from 1 April 2023 if approved. The AGM is scheduled for 12 September 2025 and an EGM to seek shareholder approval on the amalgamation is set for 3 September 2025.
Sharp revenue and profit growth in Q1 FY26 is a positive signal for shareholders, though the absolute numbers remain small. The proposed amalgamation with Citizen Solar Private Limited, which would be retrospective from April 2023, is a material corporate action that could change the scale and profile of the company and warrants close attention by investors ahead of the 3 September EGM.