Ahasolar Technologies Limited has secured a significant work order valued at more than ₹7 crore from PDCOR Limited to develop a Unified Single Window Renewable Energy Portal. This consultancy contract requires the company to provide professional assistance on an end-to-end basis for the project's development. The order, awarded by a domestic entity, is expected to be executed over a period of 48 months.

The company disclosed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within the scope of related party transactions. The work order marks a strategic expansion for Ahasolar Technologies into the renewable energy infrastructure consultancy domain.

Key Order Details

AHAsolar Technologies Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹16.83 lakh compared to a net loss of ₹101.59 lakh in the previous year. The turnaround was driven by a strategic shift in operations, as the company transferred its significant trading-of-goods activities to its subsidiary, RTC Energy Private Limited. Consequently, revenue from operations for the year declined to ₹1,098.73 lakh from ₹3,899.74 lakh in FY25, though overall profitability remained broadly in line with management representations.

The Board of Directors approved the audited standalone and consolidated financial results for the half-year and full year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditor, Ambalal Patel & Co LLP, issued an unmodified opinion on the results. The auditor noted that the transfer of trading operations resulted in lower reported turnover for the standalone entity, as revenue from these activities is no longer recorded in the parent company's financial information.

Financial Performance

For the full year, the company reported total income from operations of ₹1,098.73 lakh, a significant reduction from ₹3,899.74 lakh in the prior year. Total expenses decreased to ₹1,093.90 lakh from ₹4,045.48 lakh in FY25. Profit from ordinary activities before tax for the year stood at ₹28.42 lakh, a reversal from the loss of ₹104.52 lakh reported in the previous year.

The half-year performance also showed improvement, with a net profit of ₹29.66 lakh for the six months ended March 31, 2026, compared to a net loss of ₹12.83 lakh for the half-year ended September 30, 2025. Earnings per share (EPS) for the full year was ₹0.55, recovering from a negative EPS of ₹3.57 in FY25.

Standalone Financial Results (₹ in Lakhs)

Consolidated Results

On a consolidated basis, including the subsidiary RTC Energy Private Limited, the group reported a net profit of ₹20.54 lakh for FY26, down from ₹192.83 lakh in the previous year. Total income from operations for the group was ₹9,196.97 lakh, compared to ₹3,491.55 lakh in FY25. The subsidiary contributed total assets of ₹308.77 lakh and revenues from operations of ₹8,175.92 lakh for the year ended March 31, 2026.

Board Appointments

In addition to the financial results, the board appointed M/s. JHS & Associates LLP as the Internal Auditor and M/s. Mukesh H Shah & Co as the Secretarial Auditor for the financial year 2026-27. The meeting was held at 11:30 a.m. IST and concluded at 1:15 p.m. IST on May 28, 2026.