5445322025-07-012025-09-305445322025-09-305445322025-03-315445322025-04-012025-09-305445322025-07-012025-09-30in-capmkt:OtherExpenses1Member5445322025-07-012025-09-30in-capmkt:OtherExpenses2Member5445322025-04-012025-09-30in-capmkt:OtherExpenses1Member5445322025-04-012025-09-30in-capmkt:OtherExpenses2Member5445322025-07-012025-09-30in-capmkt:ReportableSegments1Member5445322025-07-012025-09-30in-capmkt:ReportableSegments2Member5445322025-04-012025-09-30in-capmkt:ReportableSegments1Member5445322025-04-012025-09-30in-capmkt:ReportableSegments2Member5445322025-07-012025-09-30in-capmkt:ReportableSegments1Member5445322025-07-012025-09-30in-capmkt:ReportableSegments2Member5445322025-04-012025-09-30in-capmkt:ReportableSegments1Member5445322025-04-012025-09-30in-capmkt:ReportableSegments2Member5445322025-07-012025-09-30in-capmkt:ReportableSegments1Member5445322025-09-30in-capmkt:ReportableSegments1Member5445322025-07-012025-09-30in-capmkt:ReportableSegments2Member5445322025-09-30in-capmkt:ReportableSegments2Member5445322025-07-012025-09-30in-capmkt:ReportableSegments1Member5445322025-09-30in-capmkt:ReportableSegments1Member5445322025-07-012025-09-30in-capmkt:ReportableSegments2Member5445322025-09-30in-capmkt:ReportableSegments2Member5445322025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15445322025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25445322025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15445322025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares544532SOLARWORLDNOTLISTEDINE0TY101024Solarworld Energy Solutions LimitedMain BoardEquity2025-04-012026-03-312025-11-122025-11-07INRMillionsQuarterlySecond quarterMulti segment2025-11-1213:30:002025-11-1214:26:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated1378780000284300001407210000103531000042230000-195400005271000038320000143300001157300001279090000128120000012812000051950000-1840000033550000094570000000-167000092900000-10300009187000092900000091870000043337000051.241.24001.241.24Notes to results <BR> <BR> 1 The above unaudited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 12, 2025. The statutory auditors of the Group have carried out a limited review of these results. <BR> <BR> 2 The unaudited consolidated financial results of the Group for the quarter and half year ended September 30, 2025 have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. <BR> <BR> 3 The equity shares of the Parent Company were listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange on September 30, 2025. The comparative figures of the quarter and half year ended September 30, 2024 have not been subjected to audit or review by statutory auditors. However, the management has exercised due care and diligence to ensure that the consolidated unaudited financial results for the said period present a true and fair view of the Groups financial performance. <BR> <BR> 4 The figures for the year ended 31 March 2025 have been extracted from the consolidated audited general-purpose financial statements of the Group. <BR> <BR> 5 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. 500.00 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. <BR> <BR> 6 The utilisation of net proceeds Rs. 5,216.78 millions (net off estimated offer expense of Rs. 283.22 millions) from the proceeds of fresh issue of equity shares through Initial Public Offer which includes pre ipo proceeds of Rs. 1,100.00 millions has been summarised below <BR> Objects of the issue as per prospectus Amount to be utilised as per prospectus (net proceeds) Utilised amount upto September 30, 2025 Unutilised amount upto September 30, 2025 <BR> Investment in our Subsidiary, KSPL for part-financing the establishment of the Pandhurana Project 4,200.00 NA 4,200.00 <BR> General Corporate Purpose 1,016.78 975.91 40.87 <BR> Total 5,216.78 975.91 4,240.87 <BR> <BR> 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. <BR> <BR> 8 During the quarter, the Company incorporated a joint venture, Zentrix PV Labs Private Limited, to engage in the Manufacturing business activities with a focus on renewable energy and allied sectors. <BR> <BR> 9 During the quarter, a subsidiary of the Group has commenced commercial operations and the Chief Operating Decision Maker (CODM) has accordingly identified two reportable segments i.e. Engineering, Procurement and Construction (EPC) Contracts and Manufacturing. Accordingly, previous period figures have also been presented for the first time as per the requirement of Ind AS 108, Operating segments. <BR> <BR> Remarks for Cash Flow Statement <BR> 1 Figures provided under the heading Adjustments for impairment loss reversal of impairment loss recognised in profit or loss in operating activity represent Reversal of provision of allowance for expected credit loss <BR> 2 Figures provided under the heading Proceeds from sales of other long term assets and Purchase of other long-term assets in investing activity represent Fixed Deposit Matured and Fixed Deposit made respectively. <BR> 3 Figures provided under the heading Other inflows (outflows) of cash in financing activity represent Share Issue Expenses <BR> 4 Figures provided under the heading Other adjustments for non cash items in operating activity represent Profit on sale of property, plant and equipment <BR> <BR> <BR> <BR> <BR> 2025-04-012025-09-30UnauditedConsolidated206115000015152000022126700001308860000297560000-195400008530000071120000160200001482900001907610000305060000030506000084080000-4750000793300000225730000000-3720000222010000-20600002199500002220100000219950000043337000052.982.98002.982.98Engineering, procurement and construction project expenses70220000Other Expenses45510000Engineering, procurement and construction project expenses79100000Other Expenses691900001434100000132960000024000000006985000000102230000172080000540000001805300001973910000715200000012660900004925440000126898000012730000018697600009457570000082975000011002520000001297643000043337000070598100007493180000074931800007126700000000712670000116600000007243300001325760000963600001345400000144176000059691000033644300001384900000517000044200000475892000000548325000012976430000Engineering, procurement and construction (EPC) contracts1268100000Manufacturing118460000Engineering, procurement and construction (EPC) contracts1951220000Manufacturing118460000138656000020696800007800000855000013787600002061130000Engineering, procurement and construction (EPC) contracts197790000Manufacturing-67320000Engineering, procurement and construction (EPC) contracts419740000Manufacturing-11216000013047000030758000040200006240000126450000301340000Engineering, procurement and construction (EPC) contracts11501680000Manufacturing268214000014183820000-120739000012976430000Engineering, procurement and construction (EPC) contracts3942250000Manufacturing28044100006746660000-12634100005483250000During the quarter, a subsidiary of the Group has commenced commercial operations and the Chief Operating Decision Maker (CODM) has accordingly identified two reportable segments i.e. Engineering, Procurement and Construction (EPC) Contracts and Manufacturing. Accordingly, previous period figures have also been presented for the first time as per the requirement of Ind AS 108, Operating segments. <BR> <BR> Remarks for Segment Information <BR> <BR> 1 Figures provided under the heading Other Unallocable Expenditure net off Unallocable Income in Segment results includes Share in loss of joint ventures and associates (net of taxes). <BR> <BR> 2 Figures provided under the heading Other Unallocable Assets in Segment assets includes Inter segment eliminations or adjustments. <BR> <BR> 3 Figures provided under the heading Other Unallocable Liabilities in Segment liabilities includes Inter-segment eliminations or adjustments. <BR> <BR> <BR> 71120000-6947700002664300000-29863000000-100032000008183700000431250000016020000-90000000-1765000012500004828500000-161000005583000058500001440000000-700000-6430000024076000000097830000014293000000000500000002500003518200000000000000038744000049589000048800001000000000003854000000-3268600000044000000000000088354000033000000614300000-22328000049985000004814570000048145700001108700004925440000Re-measurement of defined benefit plans-1370000Income tax relating to these items340000-1030000Re-measurement of defined benefit plans-2750000Income tax relating to these items690000-20600000000-1030000-2060000