| Scrip Code | 544532 |
|---|---|
| NSE Symbol | SOLARWORLD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0TY101024 |
| Name of company | Solarworld Energy Solutions Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 17-10-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 14-10-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |
| Segment Reporting | Single segment |
| Description of single segment | Engineering procurement and construction (EPC) services |
| Start date and time of board meeting | 17-10-2025 16:00:00 |
| End date and time of board meeting | 17-10-2025 16:17:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-06-2025 | 30-06-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 6,831.20 | 6,831.20 | |
| Other income | 1,373.60 | 1,373.60 | |
| Total income | 8,204.80 | 8,204.80 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 2,735.40 | 2,735.40 |
| (b) | Purchases of stock-in-trade | 2,553.40 | 2,553.40 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 275.00 | 275.00 |
| (e) | Finance costs | 159.30 | 159.30 |
| (f) | Depreciation, depletion and amortisation expense | 9.50 | 9.50 |
| (f) | Other Expenses | ||
| 1 | Engineering, procurement and construction project expenses | 88.80 | 88.80 |
| 2 | Other expenses | 156.40 | 156.40 |
| Total other expenses | 245.20 | 245.20 | |
| Total expenses | 5,977.80 | 5,977.80 | |
| 3 | Total profit before exceptional items and tax | 2,227.00 | 2,227.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 2,227.00 | 2,227.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 318.40 | 318.40 |
| 8 | Deferred tax | 251.20 | 251.20 |
| 9 | Total tax expenses | 569.60 | 569.60 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,657.40 | 1,657.40 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,657.40 | 1,657.40 |
| 17 | Other comprehensive income net of taxes | (10.30) | (10.30) |
| 18 | Total Comprehensive Income for the period | 1,647.10 | 1,647.10 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 3,706.90 | 3,706.90 | |
| Face value of equity share capital | 5 | 5 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 2.24 | 2.24 | |
| Diluted earnings (loss) per share from continuing operations | 2.24 | 2.24 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.24 | 2.24 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 2.24 | 2.24 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 17, 2025. The statutory auditors of the Company have carried out a limited review of these results. 2 The standalone financial results have been prepared in accordance with the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and with principles and procedures of Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standard) Rules, 2015, as specified in section 133 of the Companies Act, 2013. 3 The figures of the quarter ended June 30, 2024 and March 31, 2025 have not been subjected to audit or review by statutory auditors. However, the management has exercised due care and diligence to ensure that the standalone unaudited financial results for the said period present a true and fair view of the Companys financial performance. 4 The figures for the year ended 31 March 2025 have been extracted from the standalone audited general-purpose financial statements of the Company. The figures for the quarter ended 31 March 2025 are the balancing figures between the standalone audited figures in respect of full financial year ended 31 March 2025 and the year to date figures up to the nine month period ended 31 December 2024, which were not subjected to audit or review by the statutory auditors. However, the management has exercised due care and diligence to ensure that the unaudited financial results for the said period present a true and fair view of the Companys financial performance and financial position. 5 The Company is principally engaged in a single business segment viz. Engineering, Procurement and Construction (EPC) Services. The Companys Chief Operating Decision Maker (CODM) monitors and review the operating results of the Company prepared on the basis of financial information of EPC business as a whole. Thus, as defined in Ind AS 108 Operating Segments, the Companys entire business falls under this one operating segment. 6 Subsequent to the quarter ended June 30, 2025, the Parent Company has completed its initial public offer (IPO) of Rs. 4900.00 millions which included 1,39,60,113 equity shares of face value of Rs. 5 each at an issue price of Rs. 351 per equity share (including share premium of Rs. 346 per share) comprising of fresh issue of Rs. 4400.00 millions which included 1,25,35,612 equity shares and offer for sale of Rs. 50.00 million which included 14,24,501 equity shares by the promoter selling shareholder. The shares of the Company got listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange on September 30, 2025. Accordingly, the above results for the quarter ended June 30, 2025 have been prepared and presented for the first time in accordance with regulation 33 of the Listing Regulations. 7 During the previous year ended March 31, 2025, the Parent Company received, in its ordinary course of business, a notice from SJNV Green Energy Limited (SJVN) regarding its Engineering, Procurement, and Construction (EPC) contracts for the 100 MW and 260 MW projects, having an aggregate contract value of Rs. 4,592.19 million. The notice intimated the suspension of all project-related activities until September 15, 2025, or until further instructions are received from SJVN, citing land-related issues as the reason for the suspension. The said suspension is further extended till December 31, 2025. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 30-06-2025 | 30-06-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-06-2025 | 30-06-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of defined benefit plans | -1380000 | -1380000 |
| 2 | Income tax relating to these items | 350000 | 350000 |
| Total Amount of items that will not be reclassified to profit and loss | (10.30) | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (10.30) | (10.30) |
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 0.00 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 0.00 | |
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 0.00 | |