Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 493 | 621 | 518 | 719 | 765 | 253 | 131 | 250 | 564 | |
| COGS | 413 | 560 | 459 | 624 | 710 | 195 | 59 | 154 | 281 |
| Gross profit | 80 | 61 | 59 | 95 | 55 | 58 | 72 | 96 | 283 |
| 102 | 88 | 259 | 71 | 62 | 44 | 39 | 55 | 162 | |
| -21 | -27 | -200 | 24 | -7 | 13 | 33 | 41 | 121 | |
| OPM % | -4.3% | -4.3% | -38.7% | 3.4% | -0.9% | 5.3% | 25.2% | 16.4% | 21.5% |
| Depreciation | 1 | 1 | 7 | 7 | 9 | 11 | 13 | 11 | 29 |
| Interest | — | — | 33 | 43 | 18 | 13 | 16 | 10 | 35 |
| 15 | 28 | 39 | 63 | 66 | 33 | -49 | 6 | 13 | |
| Profit before tax | -8 | 1 | -202 | 9 | 32 | 22 | -46 | 26 | 70 |
| Tax | 1 | 3 | 12 | 4 | -5 | 5 | 5 | 4 | -2 |
| Tax % | 15.5% | 300% | 5.8% | 38.6% | -16.1% | 23.3% | 10.9% | 15.9% | -2.2% |
| -9 | -2 | -213 | 6 | 37 | 17 | -51 | 22 | 71 | |
| PAT margin % | -1.8% | -0.3% | -41.2% | 0.8% | 4.8% | 6.6% | -38.9% | 8.7% | 12.7% |
| EPS (₹) | -0.8 | -0.2 | -17.9 | 0.5 | 2.9 | 1.2 | — | 1.3 | 4 |
| EPS adjusted (₹) | — | -0.2 | -17.8 | 0.5 | 2.4 | 1.1 | -3.3 | 1.2 | 4 |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 118 | 118 | 120 | 120 | 120 | 134 | 138 | 154 | 179 | 179 |
| Reserves | 119 | -33 | -141 | -133 | -82 | 19 | — | -7 | 160 | 233 |
| Minority interest | — | — | — | — | — | — | — | 17 | 15 | 17 |
| 292 | 312 | 351 | 365 | 168 | 164 | — | 148 | 190 | 502 | |
| 283 | 243 | 235 | 150 | 194 | 135 | — | 91 | 107 | 188 | |
| Total equity & liabilities | 812 | 641 | 564 | 501 | 400 | 453 | — | 404 | 651 | 1,119 |
| 196 | 162 | 176 | 178 | 174 | 190 | 187 | 257 | 318 | 858 | |
| CWIP | 0 | 4 | 1 | 1 | 1 | 3 | — | 24 | 129 | 8 |
| Investments | 121 | 4 | 25 | 0 | 0 | 0 | — | 0 | 48 | 41 |
| 494 | 471 | 362 | 323 | 225 | 260 | — | 123 | 156 | 212 | |
| Total assets | 812 | 641 | 564 | 501 | 400 | 453 | — | 404 | 651 | 1,119 |
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 % |
|---|---|---|---|---|---|---|
| Solar | 541.76 | 121.84 | 1,110.67 | 686.89 | 423.78 | 28.75 |
| Trading | 21.97 | -5 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -47 | 60 | 55 | 16 | -29 | 53 | 19 | 122 | 61 | 72 | 166 | |
| 9 | 32 | -116 | -70 | 57 | 1 | -23 | -30 | -81 | -160 | -437 | |
| 16 | -75 | 55 | 66 | -27 | -58 | -13 | -85 | 22 | 210 | 278 | |
| Net cash flow | -22 | 17 | -7 | 12 | 2 | -4 | -17 | 7 | 2 | 122 | 7 |
| Free cash flow | — | — | — | — | — | — | — | 85 | -15 | -105 | -281 |
| CFO / Operating profit % | — | — | — | — | -118.3% | — | — | 902.7% | 184.2% | 169.6% | 128.9% |
| 8.2 |
| 3.69 |
| 4.51 |
| -110.86 |
₹ crore by fiscal year