Synopsis:
Silgo Retail secured a Rs. 172 crore contract from JDVVNL to build and maintain 48.5 MW solar plants, expected to generate Rs. 21 crore annual revenue under PM-KUSUM.
Known for its expertise in engineering consultancy and project management, the company has secured a significant contract from JDVVNL for the comprehensive operation and maintenance of solar power plants. This development, worth Rs. 172 crores, highlights its growing role in renewable energy, with execution slated for FY 2026–27.
Silgo Retail Limited’s stock, with a market capitalisation of Rs. 169.3 crores, rose to Rs. 72.56, hitting the intraday upper circuit, up 5 percent from its previous closing price of Rs. 69.11. Furthermore, the stock over the past year has given a return of 55.2 percent.
Order Update
Silgo Retail Limited has received a new award for building and operating solar power plants from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL). The company will be responsible for designing, installing, and maintaining 48.5 MW of solar capacity across 25 sites under the government’s PMKUSUM Component A scheme. The work includes operating these solar plants and monitoring them for the next 25 years.
The contract will see Silgo manage plants that generate nearly 7.92 crore units of electricity each year. For one site, the power rate is set at Rs. 3.03 per unit, while the other 24 sites will earn Rs. 2.60 per unit. Altogether, Silgo expects to make annual revenues of about Rs. 21 crore, with a total investment of Rs. 172 crore for the whole project.
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Q1 Financial Update
The company reported revenues of Rs. 10.97 crore in Q1FY26, a decline of 33.6% QoQ from Rs. 16.53 crore in Q4FY25 and 2.8% YoY from Rs. 11.28 crore in Q1FY25. Over the last three years, sales have grown at a CAGR of 8%, reflecting steady but moderate revenue expansion.
Net profit stood at Rs. 1.11 crore in Q1FY26, down 36.2% QoQ from Rs. 1.74 crore but up 19.4% YoY from Rs. 0.93 crore in Q1FY25. The company has delivered a 3-year profit CAGR of 25% along with an ROE CAGR of 8%, indicating consistent profitability even amid revenue fluctuations.
Written By Fazal Ul Vahab C H
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