The shares of Micro-Cap company, specializing in manufacturing solar photovoltaic cells and modules, and is also in the Engineering, Procurement and Construction in the solar energy market, hit a 2 percent upper circuit upon declaring Q4 results with a 272 percent rise in Profit (YoY).
With a market capitalization of Rs. 988.32 crores on Tuesday, the shares of Solex Energy Limited hit a 2 percent upper circuit, making a high of Rs. 914.90 per share compared to its previous closing price of Rs. 897.00 per share.
Solex Energy Limited, engaged in manufacturing solar photovoltaic cells and modules, and is also in the Engineering, Procurement and Construction in the solar energy market, has announced its Q4 results as follows.
Its Revenue from operations rose by 42 percent YoY from Rs. 273 Crores in H2FY24 to Rs. 389 Crores in H2FY25, and it rose by 42 percent half-yearly from Rs. 273 Crores in H1FY25 to Rs. 389 Crores in H2FY25.
Its Net Profit YoY rose by 272 percent from Rs. 8.0 Crores in H2FY24 to Rs. 29.8 Crores in H2FY25, and it rose by 129 percent half yearly from Rs. 13.0 Crores in H1FY25 to Rs. 29.8 Crores in H2FY25. The earnings per share (EPS) for the quarter stood at Rs. 26.84, compared to Rs. 15.54 in the previous quarter.
Along with it, the company has recommended a dividend of Rs. 0.55 per share (face value Rs. 10) for the financial year ended March 31, 2025. If approved by shareholders at the upcoming Annual General Meeting, the dividend will be paid within 30 days of declaration.
Solex Energy Limited is a leading renewable energy company focused on solar power solutions for residential, commercial, and industrial clients. With 30 years of experience, the company has completed over 10,000 successful projects and has a manufacturing capacity of 1.5 GW of PV modules.
Under its Vision 2030 plan, Solex is exploring a new solar cell facility with an initial 2 GW capacity, scalable to 5 GW. Module manufacturing will expand to 15 GW, and the targeted workforce growth is over 25,000.
The company has a set of esteemed clients, including Taj, Torrent Power, UCVCL, Vashi Integrated Solutions, Zodiac Energy Ltd, Amul, Banco Aluminium, Bank of Baroda, Canara Bank, CRI Pumps, and others.
Written by Sridhar J
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