GRE Renew Enertech Ltd (544682)
சுருக்கம்
நிகழ்வுகள்
- சமீபத்திய முடிவுகள்
- H1 FY27, filed 7 Nov 2026
பங்குச் சந்தைத் தரவு. ஒவ்வொரு எண்ணும் அதன் சொந்தப் பக்கம் காட்டும் வடிவத்திலேயே; தேதிகள் தரவின் தேதிகள். தகவலுக்கு மட்டுமே, முதலீட்டு ஆலோசனை அல்ல.
📈 பங்கு விலை & நிகழ்வுகள்
H1 FY27 முடிவுகள்
GRE Renew Enertech Ltd reported H1 FY27 results on 7 Nov 2026: revenue ₹139 Cr (+215.2% year on year, +75.6% on the previous half-year), and net profit ₹9.1 Cr (+126.6% year on year); the operating margin was 9.5%.
| H1 FY27 (₹ கோடி) | மதிப்பு | YoY H1 FY26-உடன் | முந்தைய அரையாண்டுடன் ஒப்பீடு |
|---|---|---|---|
| வருவாய் | ₹139 | +215.2% | +75.6% |
| செயல்பாட்டு லாபம் | ₹13.2 | +120.6% | +20.3% |
| நிகர லாபம் | ₹9.1 | +126.6% | -9.4% |
| EPS (₹) | 6.34 | +66.8% | -5.4% |
| செயல்பாட்டு லாப வரம்பு | 9.5% | — | — |
- செயல்பாட்டு லாப வரம்பு 409 bps YoY குறைந்தது
- மார். 2026 முதல் கடன்கள் 823% உயர்ந்துள்ளன
லாபத்தின் தரம்: வரிக்கு முந்தைய ₹11.9 கோடி லாபத்தில், ₹11.6 கோடி (97%) முக்கிய வணிகத்திலிருந்து வந்தது; மீதம் பிற வருமானம் மற்றும் ஒருமுறை வரவுகளிலிருந்து வந்தது. முக்கிய லாபம் (செயல்பாட்டு லாபத்தில் வட்டி மற்றும் தேய்மானத்தைக் கழித்தது) YoY அடிப்படையில் +92.9% மாறியுள்ளது.
📢 சமீபத்திய கார்ப்பரேட் அறிவிப்புகள்
GRE Renew Enertech Ltd announced receipt of two rooftop solar EPC orders totaling ₹1.50 Cr during the fortnightly period of October 15 to October 31, 2026. The contracts involve rooftop solar installations of 150 KW (DC) valued at ₹42.67 lakh and 453.22 KWp valued at ₹1.08 Cr. Both domestic projects are slated for execution within approximately 3 months. Compared to FY26 annual revenue of ₹123.0 Cr, this order inflow represents a minor ~1.2% addition to the topline.
- Total orders received aggregate to ₹1,50,47,783 (₹1.50 Cr) inclusive of GST
- Order 1 is for a 150 KW (DC) rooftop solar power plant worth ₹42,66,683
- Order 2 is for a 453.22 KWp rooftop solar power plant worth ₹1,07,81,100
- Both projects have an execution timeline of approximately 3 months
GRE Renew Enertech reported its Statement of Deviation/Variation for the quarter ended September 30, 2026, confirming 100% utilisation of its ₹3,956.40 lakh gross IPO proceeds. The company reallocated ₹206.13 lakhs from its ground-mounted solar plant capex to General Corporate Purposes, following shareholder approval via postal ballot on June 24, 2026. Additionally, issue expense savings of ₹33.23 lakhs were diverted to the solar project, reducing the solar plant allocation net by ₹172.90 lakhs to ₹2,985.41 lakhs. All allocated funds stand fully deployed with zero unutilised balance.
- Gross IPO proceeds of ₹3,956.40 lakhs fully utilised (100%) as of September 30, 2026
- ₹206.13 lakhs reallocated from solar plant capex to General Corporate Purposes
- Savings of ₹33.23 lakhs in issue expenses redirected towards solar plant capex
- Revised solar plant capex allocation stands at ₹2,985.41 lakhs, fully deployed
GRE Renew Enertech Ltd announced the cancellation of its Purchase Order (Ref. No. IGRE/07-2026/A) originally awarded on August 2, 2026, by Urjasol Energy Private Limited. The contract was for the establishment of a solar power plant on an EPC basis. The client requested the cancellation via a letter dated November 3, 2026, which the company acknowledged and confirmed on November 7, 2026. The contract value was not disclosed in the filing, but order cancellations represent potential revenue loss against the company's FY26 revenue base of ₹123.0 crore.
- Purchase Order Ref. No. IGRE/07-2026/A dated August 2, 2026, has been cancelled
- Cancellation request received from Urjasol Energy Private Limited via letter dated November 3, 2026
- Company acknowledged and confirmed cancellation on November 7, 2026
- Order scope was for establishing a solar power plant on an EPC basis
- Contract value was not disclosed in the announcement
GRE Renew Enertech has appointed Mr. Alpeshkumar Laxmanji Agrawal as Chief Financial Officer (CFO), effective immediately from November 6, 2026. Mr. Agrawal is a qualified Chartered Accountant bringing over 15 years of experience across finance, accounting, taxation, and strategic planning. The appointment comes as the company scales operations, having reported FY26 revenue of Rs 123.0 crore and net profit of Rs 14.0 crore. His appointment was approved during the Board of Directors meeting held on the same day.
- Appointment of Mr. Alpeshkumar Laxmanji Agrawal as Chief Financial Officer approved on November 6, 2026
- Appointee is a Chartered Accountant with over 15 years of experience in finance and strategic planning
- Appointment is effective immediately from November 6, 2026
GRE Renew Enertech reported standalone revenue of Rs 132.29 crore for the half-year ended September 30, 2026, marking a 223% surge compared to Rs 40.97 crore in H1 FY26. Standalone profit after tax rose 139.5% YoY to Rs 9.44 crore from Rs 3.94 crore in the year-ago period. Basic EPS for the half-year stood at Rs 6.61 versus Rs 3.75 in H1 FY26. Additionally, the company fully deployed its Rs 39.56 crore IPO proceeds, including Rs 29.85 crore allocated for a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar plant.
- Revenue from operations surged 223% YoY to Rs 13,228.78 lakhs (Rs 132.29 cr) in H1 ended Sep 30, 2026
- Net profit after tax increased 139.5% YoY to Rs 944.02 lakhs (Rs 9.44 cr) vs Rs 394.10 lakhs
- Half-year EPS rose to Rs 6.61 compared to Rs 3.75 in H1 of the previous year
- IPO proceeds of Rs 3,956.40 lakhs fully utilized as of September 30, 2026, including Rs 2,985.41 lakhs on solar power plant
GRE Renew Enertech has secured three domestic solar EPC orders aggregating to ₹18.67 crore between October 1 and October 15, 2026. The largest contract is a ₹17.23 crore ground-mounted solar plant (5,503.68 kWp DC / 4,000 kW AC) to be executed within 6 months. Two smaller rooftop solar projects account for ₹80.88 lakh and ₹62.93 lakh with 3-month execution timelines. Relative to the company's FY26 revenue of ₹123 crore, these wins represent approximately 15.2% of annual revenue, demonstrating steady order inflow.
- Total orders received aggregate to ₹18,66,94,612 between October 1 and October 15, 2026
- Largest order is worth ₹17,23,13,341 for a 5,503.68 kWp ground-mounted solar EPC project
- Two rooftop solar EPC orders received worth ₹80,87,891 and ₹62,93,380
- Execution timeline is approximately 6 months for the large ground-mounted plant and 3 months for rooftop projects
GRE Renew Enertech has secured a domestic order valued at ₹71,71,608 (inclusive of GST) as part of its fortnightly business update. The contract entails complete design, engineering, procurement, installation, and commissioning for a 265 KW grid-connected solar rooftop plant. The project has an execution timeline of approximately 3 months from receipt. Relative to the company's FY26 revenue of ₹123.0 crore, this contract represents under 0.6% of annual sales, making it a routine operational update.
- Order value of ₹71,71,608 inclusive of applicable GST
- Scope covers end-to-end development of a 265 KW grid-connected rooftop solar plant
- Execution period is approximately 3 months
- Order received on 21 September 2026 under ordinary course of business
GRE Renew Enertech Limited has incorporated two new wholly-owned subsidiaries: Solarsource Energy Private Limited (incorporated on August 25, 2026) and Solarcatch Energy Private Limited (incorporated on August 29, 2026). The company subscribed to 100% equity share capital in each entity for a cash consideration of ₹0.01 crore (₹1,00,000 each) at ₹10 face value. Both entities have been established to focus on the development, establishment, operation, and maintenance of solar power projects.
- Incorporated Solarsource Energy Pvt Ltd on August 25, 2026 with 100% shareholding
- Incorporated Solarcatch Energy Pvt Ltd on August 29, 2026 with 100% shareholding
- Initial cash subscription of ₹0.01 Crore (₹1,00,000) per subsidiary at ₹10 per share
- Entities dedicated to development, operation, and maintenance of solar power projects
GRE Renew Enertech Limited has announced the resignation of its Chief Financial Officer (CFO), Mr. Alpeshkumar Laxmanji Agrawal, tendered on August 27, 2026. The resignation is due to his pursuit of other career opportunities and will take effect at the close of business hours on September 5, 2026. The company reported FY26 annual revenue of ₹123.0 crore and net profit of ₹14.0 crore. A successor for the CFO position has not yet been named in the filing.
- CFO Mr. Alpeshkumar Laxmanji Agrawal submitted resignation on August 27, 2026
- Resignation takes effect from the close of business hours on September 5, 2026
- Reason stated is to pursue better career opportunities
- Outgoing CFO confirmed cooperation for smooth handover of responsibilities and records
GRE Renew Enertech Ltd has received an order worth ₹5.05 crore (inclusive of GST) from Urjasol Energy Private Limited during the August 1–15, 2026 fortnightly period. The scope covers the design, engineering, supply, installation, testing, and commissioning of a 1666.56 kW (DC) / 1200 kW (AC) grid-connected ground-mounted seasonal tilt solar power plant. The contract is scheduled for execution over approximately 6 months. This order represents approximately 4.1% of the company's FY26 revenue of ₹123 crore.
- Order value aggregates to ₹5,04,53,771 inclusive of applicable GST
- Project capacity stands at 1666.56 kW (DC) / 1200 kW (AC) for a ground-mounted solar plant
- Awarded by domestic entity Urjasol Energy Private Limited under Third Party Sale Scheme
- Execution timeline is approximately 6 months
M/s. Dhiren H Pandya & Associates LLP resigned as Statutory Auditor of GRE Renew Enertech Ltd effective August 14, 2026. The auditor's five-year term was originally scheduled to run from May 22, 2024, until the Annual General Meeting in 2029. The resignation occurred after the Audit Committee declined the auditor's request for an audit fee increase for FY 2026-27 to reflect the expanded scope and regulatory requirements of a BSE-listed entity. The outgoing auditor explicitly confirmed that there were no accounting disputes, irregularities, or lack of management cooperation.
- Resignation of Statutory Auditor M/s. Dhiren H Pandya & Associates LLP took effect on August 14, 2026.
- Auditor's term was originally valid until the conclusion of the AGM to be held in 2029 following appointment on May 22, 2024.
- The last audit report submitted by the auditor was for the year ended March 31, 2026, issued on May 23, 2026.
- Auditor confirmed zero disagreements on accounting policies, disclosures, internal controls, or management cooperation.
GRE Renew Enertech Limited announced the resignation of its statutory auditor, M/s. Dhiren H Pandya & Associates LLP, effective August 14, 2026. The resignation occurred after the Audit Committee did not agree to the auditor's proposed fee revision for FY 2026-27, which was sought due to expanded compliance and audit responsibilities following the company's BSE listing. The outgoing auditor explicitly confirmed that there are no disagreements regarding accounting policies, internal controls, or audit evidence, nor any management non-cooperation.
- Statutory auditor M/s. Dhiren H Pandya & Associates LLP resigned effective August 14, 2026
- Reason for resignation is non-agreement on revised audit fees for FY 2026-27 following post-listing scope expansion
- Auditor confirmed zero disputes regarding accounting policies, reporting, or internal financial controls
- Auditor confirmed no concerns regarding non-availability of information or management non-cooperation
GRE Renew Enertech has received its initial credit ratings from CRISIL for bank facilities totaling ₹35 crore. The agency assigned a long-term rating of 'CRISIL BBB-/Stable' and a short-term rating of 'CRISIL A3'. This rated amount is significant, representing approximately 28% of the company's FY26 revenue of ₹123 crore. Given the company's current low debt of ₹2 crore and a healthy net worth of ₹79 crore, this investment-grade rating establishes a baseline for future credit access.
- Initial assignment of 'CRISIL BBB-/Stable' for long-term bank facilities
- Short-term rating of 'CRISIL A3' assigned for bank debt
- Total bank facilities rated amount to ₹35.00 crore
- Rated facilities represent ~28.4% of the company's FY26 revenue of ₹123 crore
- Company maintains a low Debt-to-Equity ratio of 0.03 as of the latest financial context
GRE Renew Enertech has secured new solar EPC orders totaling ₹23.99 crore during the first fortnight of July 2026. These domestic orders involve turnkey projects for Dain Colour Chem and Navsurya Renewable Energy, with execution timelines ranging from 6 to 12 months. Following these wins, the company's aggregate order book stands at approximately ₹248 crore. The projects include ground-mounted solar plants with single-axis trackers under captive and third-party sale schemes.
- Total new orders worth ₹23,99,74,407 received between July 1 and July 15, 2026.
- Aggregate order book value reached approximately ₹248 crore as of July 16, 2026.
- Largest single order in this update is valued at ₹10.97 crore for a 2.916 MWp solar plant.
- Execution timelines for the new projects are set between 6 and 12 months.
- Total capacity across the three new orders amounts to approximately 6.19 MWp (DC).
GRE Renew Enertech has reported a consolidated EPC order book of ₹224 crore as of July 2026, which is approximately 1.82x its total FY26 revenue of ₹122.9 crore. The company achieved a significant milestone of 100 MWp in cumulative solar installations and successfully commissioned a 9.678 MW (DC) plant under the RESCO model. A major driver is a single ₹175 crore turnkey order from Solarium Green Energy, representing a shift toward higher-value utility-scale projects. The company also reported a FY26 PAT of ₹13.6 crore, reflecting a strong 3-year CAGR of 147%.
- Consolidated EPC order book stands at approximately ₹224 crore as of Q1 FY27
- Secured a major turnkey order worth ₹175 crore for a 50 MW AC utility-scale project
- Cumulative solar installations crossed the 100 MWp milestone by June 2026
- FY26 revenue from operations reported at ₹122.9 crore
- Reported FY26 Profit After Tax (PAT) of ₹13.6 crore with a 147% 3-year CAGR
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நிதிச் செயல்திறன்
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