Sahaj Solar Limited — Results, 11-07-2025: Reply to Clarification- Financial results

Sahaj Solar Limited has announced a board meeting to consider the financial results for the quarter and half-year.

**Standalone Financial Highlights (FY 2024-25):**

- Revenue from operations stood at Rs. 123.05 Cr, up from Rs. 179.34 Cr in FY 2023-24.

- Total income was Rs. 124.22 Cr.

- Total expenses were Rs. 108.87 Cr, leading to a profit before tax of Rs. 15.35 Cr.

- Net profit after tax was Rs. 10.63 Cr, compared to Rs. 12.26 Cr in the previous year.

- Basic and diluted EPS were Rs. 13.49 per share.

- Shareholders’ funds increased to Rs. 105.24 Cr from Rs. 30.93 Cr.

- Trade receivables rose significantly to Rs. 196.29 Cr from Rs. 86.70 Cr.

- Cash and cash equivalents stood at Rs. 9.08 Cr.

**Standalone Cash Flow:**

- Operating activities consumed Rs. 52.38 Cr, mainly due to working capital changes.

- Investing activities generated Rs. 2.44 Cr.

- Financing activities provided Rs. 49.99 Cr, supported by proceeds from share capital and borrowings.

- Net cash decreased by Rs. 2.37 Cr, closing at Rs. 9.08 Cr.

**Consolidated Financial Highlights (FY 2024-25):**

- Revenue from operations was Rs. 329.79 Cr, up from Rs. 201.17 Cr.

- Total income reached Rs. 330.82 Cr.

- Total expenses were Rs. 293.03 Cr, resulting in a profit before tax of Rs. 37.79 Cr.

- Net profit after tax attributable to shareholders was Rs. 27.54 Cr, compared to Rs. 13.15 Cr last year.

- Basic and diluted EPS were Rs. 27.21 per share.

- Shareholders’ funds increased to Rs. 108.62 Cr from Rs. 32.58 Cr.

- Trade receivables rose to Rs. 197.82 Cr from Rs. 88.56 Cr.

- Cash and cash equivalents stood at Rs. 10.22 Cr.

**Consolidated Cash Flow:**

- Operating activities used Rs. 46.76 Cr, impacted by working capital changes.

- Investing activities used Rs. 0.26 Cr.

- Financing activities generated Rs. 45.40 Cr, driven by share capital inflows and borrowings.

- Net cash decreased by Rs. 1.62 Cr, closing at Rs. 10.22 Cr.

The company’s balance sheet shows a healthy increase in net worth and working capital assets, supported by equity infusion and borrowings. Profitability improved on a consolidated basis, reflecting operational scale-up and better cost management. However, cash flow from operations remains negative due to significant working capital requirements, typical for the solar EPC and manufacturing sector.

Overall, Sahaj Solar is scaling up with strong revenue growth and improving consolidated profitability, backed by capital raising and expanding receivables. Retail investors may watch for working capital management and margin trends in upcoming quarters.