Solarium Green Energy Ltd — Results, 03-05-2025: Result

Solarium Green Energy Limited has announced a board meeting outcome where it approved and recorded the audited standalone and consolidated financial results for the half year and full year ended March 31, 2025, with an unmodified audit opinion. The auditor confirmed the fairness and compliance of these results. Key balance sheet highlights include a rise in share capital to ₹20.85 Cr and reserves to ₹120.62 Cr, with total assets reaching ₹234.42 Cr compared to ₹78.10 Cr previously. The company reported significant increases in cash and equivalents to ₹77.01 Cr and trade receivables to ₹90.90 Cr, reflecting operational growth. Cash flow from operations was negative (₹61.93 Cr) due to working capital changes, but financing activities brought in ₹135.08 Cr, largely from fresh share capital and borrowings. The company utilized ₹38.63 Cr from its ₹105.04 Cr IPO proceeds, mainly for working capital and general corporate purposes, with the rest pending allocation. No deviation in fund utilization was reported, confirmed by audit and the Audit Committee.