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IND Renewable Energy Q4 FY25 results: net profit ₹0 crore vs ₹0.26 crore loss
IND Renewable Energy Ltd reported standalone Q4 FY25 revenue of ₹0 crore and a net profit of ₹0 crore, compared with a net loss of ₹0.26 crore in Q4 FY24. For FY25, total income fell to ₹0.06 crore from ₹0.38 crore, while profit before tax turned to a loss of ₹0.07 crore from ₹0.01 crore in FY24.
Key points
- Q4 FY25 standalone revenue was ₹0 crore, unchanged from Q4 FY24 and Q3 FY25.
- Q4 FY25 total income was ₹0.06 crore, up ₹0.05 crore from Q4 FY24.
- Q4 FY25 net profit was ₹0 crore, compared with a net loss of ₹0.26 crore in Q4 FY24; basic EPS was ₹0.
- Q4 FY25 total expenses were ₹0.05 crore, down from ₹0.31 crore in Q4 FY24; no exceptional item was reported.
- FY25 total income was ₹0.06 crore, down ₹0.32 crore from FY24, while PAT was a net loss of ₹0.08 crore compared with ₹0.05 crore in FY24.
How did IND Renewable Energy perform in Q4 FY25?
IND Renewable Energy reported standalone revenue of ₹0 crore in Q4 FY25, unchanged from Q4 FY24 and Q3 FY25. Total income was ₹0.06 crore, while EBITDA was a loss of ₹0.05 crore. The filing does not provide an EBITDA margin. PBT and net profit were ₹0 crore, and basic EPS was ₹0.
Against Q4 FY24, total income was higher by ₹0.05 crore, while total expenses were lower by ₹0.26 crore, at ₹0.05 crore versus ₹0.31 crore. EBITDA improved by ₹0.26 crore, from a loss of ₹0.31 crore to a loss of ₹0.05 crore. PBT moved from a loss of ₹0.30 crore to ₹0 crore, and PAT moved from a net loss of ₹0.26 crore to a net profit of ₹0 crore. Basic EPS rose from ₹-0.58 to ₹0.
Against Q3 FY25, total income rose by ₹0.06 crore, but total expenses increased by ₹0.03 crore, from ₹0.02 crore to ₹0.05 crore. EBITDA fell by ₹0.03 crore, from a loss of ₹0.02 crore to a loss of ₹0.05 crore. PBT moved from a loss of ₹0.02 crore to ₹0 crore, while basic EPS fell from ₹0.01 to ₹0. The results are on a standalone basis; the filing states that the company has no subsidiaries.
| ₹ crore | Q4 FY25 | Q3 FY25 | Q4 FY24 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.06 | 0 | 0.01 | +500.0% | |
| Total expenses | 0.05 | 0.02 | 0.31 | −83.9% | +150.0% |
| EBITDA | −0.05 | −0.02 | −0.31 | ||
| Profit before tax | 0 | −0.02 | −0.30 | turned to profit | turned to profit |
| Tax | 0 | 0 | −0.04 | ||
| Net profit | 0 | −0.26 | turned to profit | ||
| EPS (₹) | 0.00 | 0.01 | −0.58 | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in IND Renewable Energy's costs and profit?
The Q4 FY25 cost lines show total expenses of ₹0.05 crore, down ₹0.26 crore from ₹0.31 crore in Q4 FY24. Other expenses declined by ₹0.19 crore to ₹0.05 crore, and employee cost fell by ₹0.07 crore to ₹0 crore. Cost of materials, finance costs and depreciation were unchanged at ₹0 crore. No exceptional item was reported.
Other income increased by ₹0.05 crore to ₹0.06 crore, compared with ₹0.01 crore in Q4 FY24, while tax moved from ₹-0.04 crore to ₹0 crore. The quarter’s profit before tax moved from a loss of ₹0.30 crore to ₹0 crore, and net profit moved from a net loss of ₹0.26 crore to a net profit of ₹0 crore. The filing does not state a further reason for these movements.
| ₹ crore | Q4 FY25 | Q4 FY24 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0 | 0.07 | −0.07 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.05 | 0.24 | −0.19 | −79.2% |
| Total expenses | 0.05 | 0.31 | −0.26 | −83.9% |
| Other income | 0.06 | 0.01 | +0.05 | +500.0% |
| Tax | 0 | −0.04 | +0.04 |
Source: Company's results filing (XBRL).
How did IND Renewable Energy do in FY25 as a whole?
For FY25, standalone revenue was ₹0 crore, unchanged from FY24. Total income fell by ₹0.32 crore to ₹0.06 crore, from ₹0.38 crore, a decline of 84.2%. PBT turned to a loss of ₹0.07 crore from ₹0.01 crore, while PAT turned to a net loss of ₹0.08 crore from ₹0.05 crore. EPS was ₹0, compared with ₹0.1 in FY24.
The FY25 result was on a standalone basis, and the filing states that the company has no subsidiaries. The audited results were approved by the board on 30 May 2025, and the auditors gave an unmodified opinion.
| ₹ crore | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.07 | 0.01 | turned to loss |
| Net profit | −0.08 | 0.05 | turned to loss |
| EPS (₹) | 0.00 | 0.10 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2025, total assets were ₹26.72 crore, compared with ₹26.74 crore at 31 March 2024. Total equity was ₹26.05 crore versus ₹26.13 crore. Borrowings were ₹0.47 crore compared with ₹0.41 crore, while cash and cash equivalents were ₹0 crore compared with ₹0.01 crore.
For FY25, operating cash flow was an outflow of ₹0.06 crore, compared with an outflow of ₹0.28 crore in FY24. Investing cash flow was ₹0 crore, compared with an outflow of ₹23.22 crore in FY24, and financing cash flow was ₹0.06 crore compared with ₹23.5 crore in FY24. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 31 March 2025 | As of 31 March 2024 |
|---|---|---|
| Total assets | 26.72 | 26.74 |
| Total equity | 26.05 | 26.13 |
| Borrowings | 0.47 | 0.41 |
| Cash and equivalents | 0 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | FY25 | FY24 |
|---|---|---|
| Cash from operations | −0.06 | −0.28 |
| Cash from investing | 0 | −23.22 |
| Cash from financing | 0.06 | 23.50 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has IND Renewable Energy done over the last 8 quarters?
The quarterly trend was uneven. PAT peaked at ₹0.35 crore in Q3 FY24 and was at its lowest at ₹-0.03 crore in Q2 FY24. It then fell to ₹-0.26 crore in Q4 FY24 and was ₹0 crore in Q4 FY25. Revenue was ₹0 crore across the listed quarters, and no EBITDA-margin figures were provided for the trend period.
How did IND Renewable Energy shares react?
The stock moved lower after the filing: it fell 3.7% after 15 minutes, 0.6% after 30 minutes and 2.3% on the reaction day from the previous close. By the next day’s close, it was down 9.1% from its pre-results close. The industry median moved down 2.9% on the reaction day and down 7.0% by the next day’s close; the stock’s excess moves were 0.6 percentage points and negative 2.1 percentage points, respectively.
| After the filing | Stock | Power Generation median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | −3.7% | |
| 30 minutes | −0.6% | |
| Reaction day | −2.3% | −2.9% |
| Next day | −9.1% | −7.0% |
| 5 days | +15.9% | −0.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 August 2024 | −1.7% |
| 21 May 2024 | −4.0% |
Source: MarketPing price-reaction measurement.
How did other Power Generation companies do?
Twenty-three other Power Generation companies filed this quarter. Their median revenue growth was 6.3%. Fourteen of the 23 peers reported higher profit. The number of peers growing slower than the company and the number growing faster than the company are not provided in the available facts.
| IND Renewable Energy revenue growth (YoY) | not comparable |
|---|---|
| Median of 23 other Power Generation companies | +6.3% |
| Companies whose net profit rose | 14 of 23 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was IND Renewable Energy's revenue in Q4 FY25?
Revenue from operations was ₹0 crore, against ₹0 crore in Q4 FY24 (standalone).
Did IND Renewable Energy make a profit in Q4 FY25?
Yes. Net profit was ₹0 crore, against a net loss of ₹0.26 crore in Q4 FY24.
What was IND Renewable Energy's EPS in Q4 FY25?
Basic earnings per share were ₹0.00, against a loss of ₹0.58 in Q4 FY24.
How did IND Renewable Energy shares react to the Q4 FY25 results?
On the reaction day the stock moved −2.3% from the previous close; the median Power Generation stock moved −2.9%.
When did IND Renewable Energy announce its Q4 FY25 results?
On 3 April 2025, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 03.04.2025. (BSE, 3 April 2025) · PDF
- Financial Results For Quarter Ended 31.12.2024 (BSE, 3 April 2025) · PDF
- Board Meeting Intimation for Intimation Of The Board Meeting (BSE, 23 May 2025) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting (BSE, 30 May 2025) · PDF
- Result For The Year Ended March 31, 2025 (BSE, 30 May 2025) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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