Consolidated figures · ₹ crore
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 618 | 952 | 2,336 | 5,050 | |
| COGS | 502 | 755 | 1,402 | 2,776 |
| Gross profit | 116 | 197 | 933 | 2,274 |
| 60 | 77 | 211 | 540 | |
| 56 | 120 | 722 | 1,734 | |
| OPM % | 9.1% | 12.7% | 30.9% | 34.3% |
| Depreciation | 43 | 42 | 156 | 296 |
| Interest | 28 | 34 | 108 | 155 |
| 26 | 3 | 25 | 54 | |
| Profit before tax | — | — | — | 1,338 |
| Tax | 3 | 19 | 114 | 256 |
| Tax % | — | — | — | 19.1% |
| 9 | 0 | 0 | 1,082 | |
| PAT margin % | 1.5% | 0% | 0% | 21.4% |
| EPS (₹) | 0.2 | 0.5 | 6.2 | 17.2 |
| EPS adjusted (₹) | — | — | — | 15.6 |
| 0% | 0% | 0% | 5.8% |
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 138 |
| Reserves | 130 | 158 | 526 | 3,556 |
| Minority interest | 0 | — | — | — |
| 520 | 1,441 | 1,950 | 177 | |
| 181 | 580 | 1,427 | 1,900 | |
| Total equity & liabilities | 841 | 2,190 | 3,914 | 5,772 |
| 313 | 280 | 1,926 | 2,634 | |
| CWIP | 93 | 646 | 13 | 10 |
| Investments | 0 | 0 | 257 | 57 |
| 435 | 1,264 | 1,718 | 3,072 | |
| Total assets | 841 | 2,190 | 3,914 | 5,772 |
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 59 | 234 | 614 | 200 | |
| -131 | -1,000 | -986 | -304 | |
| 80 | 894 | 408 | 130 | |
| Net cash flow | 9 | 129 | 36 | 26 |
| Free cash flow | — | — | — | -453 |
| CFO / Operating profit % | 105.7% | 194.7% | 85% | 11.5% |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Photovaltics Modules (PV) | 5,010.6 | 1,430.29 | 5,052.52 | 1,574.63 | 3,477.89 | 41.13 |
| Others | 39.28 | 5.86 |
| 93.54 |
| 100.56 |
| — |
| — |
| Engineering, Procurement and Construction (EPC) | 0 | 0 | 0 | 0 | — | — |
₹ crore by fiscal year