Onix Solar Energy's Q1 FY 2026-27 Quarterly Results

Result Summary

• Onix Solar Energy Ltd reported a 22.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 8.9%.
• Its expenses for the quarter were up by 35.7% QoQ and down 30.9% YoY.
• The net profit decreased 25.6% QoQ and increased 193.1% YoY.
• The earnings per share (EPS) of Onix Solar Energy Ltd stood at 5.67 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Onix Solar Energy Ltd is engaged in the renewable energy sector, focusing primarily on the production and distribution of solar energy solutions. The company offers a range of products and services, including solar panels, installation services, and maintenance support for solar energy systems. As of the latest information available up to October 2023, there are no specific recent developments about Onix Solar Energy Ltd that can be reported. The company operates primarily in the renewable energy industry, which is characterized by rapid technological advancements and increasing adoption due to global movements towards sustainable energy sources.

Revenue

In the first quarter of FY27, Onix Solar Energy Ltd reported a total income of ₹94.52 crores. This represents a quarter-over-quarter (QoQ) increase of 22.5% from the previous quarter (Q4FY26), where the total income was ₹77.18 crores. However, when compared to the same quarter in the previous year (Q1FY26), the total income decreased by 8.9% from ₹103.81 crores. The growth in revenue QoQ may be indicative of a positive trend within the recent fiscal quarter, while the year-over-year (YoY) decline suggests variations in revenue generation compared to the previous year's equivalent period.

Profitability

For the first quarter of FY27, Onix Solar Energy Ltd achieved a Profit Before Tax (PBT) of ₹27.92 crores. This marks a slight QoQ decrease of 0.6% from ₹28.10 crores reported in Q4FY26. However, there is a significant YoY increase of 274.8% from ₹7.45 crores in Q1FY26. The tax expense for Q1FY27 was ₹7.02 crores compared to nil tax in Q4FY26 and ₹0.32 crores in Q1FY26, signifying a substantial YoY increase of 2093.7%. Consequently, the Profit After Tax (PAT) for Q1FY27 was ₹20.90 crores, down by 25.6% QoQ from ₹28.10 crores in Q4FY26 but up by 193.1% YoY from ₹7.13 crores in Q1FY26. Earnings Per Share (EPS) for Q1FY27 was reported at ₹5.67, reflecting a QoQ decrease of 49.4% from ₹11.21 in Q4FY26, yet a YoY increase of 57.5% from ₹3.60 in Q1FY26.

Operating Metrics

Total expenses for Onix Solar Energy Ltd in Q1FY27 were ₹66.59 crores, which shows a notable QoQ increase of 35.7% from ₹49.07 crores in Q4FY26. This is contrasted by a YoY decrease of 30.9% from ₹96.35 crores in Q1FY26. The significant decrease in expenses YoY alongside the revenue trends highlights a shift in the company's operational cost structure over the past year. The change in expenses, both QoQ and YoY, may reflect adjustments in operational strategies or external factors impacting operational costs. The financial data provided does not include detailed figures for specific ratios like the P/E ratio, debt-to-equity ratio, or current ratio, thus those cannot be calculated or analyzed within this report.