Ganesh Green Bharat Limited has announced its audited financial results for the half-year and year ended March 31, 2026, following a Board of Directors meeting held on May 21, 2026. The company reported a record financial performance, with revenue crossing the ₹1,000 crore milestone for the first time. The statutory auditors, M/s D.G. Patel & Co., issued an unmodified opinion on the financial results.

Financial Performance Overview

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹75.18 crore, a surge of 149% compared to ₹30.22 crore in the previous year. This growth was supported by a substantial rise in total income from operations, which reached ₹1,067.60 crore for the year, up from ₹321.76 crore in the prior year. Net sales for the year were recorded at ₹1,064.27 crore.

On a standalone basis, the net profit for the year stood at ₹75.15 crore, an increase from ₹29.62 crore in the previous year. Total income from operations for the standalone entity was ₹1,064.73 crore, with net sales contributing ₹1,061.37 crore.

Consolidated Financial Results

The consolidated financial results for the year ended March 31, 2026, highlight the company's operational efficiency and profitability. Total expenses for the year were ₹969.33 crore, leading to a profit before tax of ₹98.26 crore. After accounting for a tax expense of ₹23.06 crore, the company achieved its net profit figure.

Half-Yearly Performance

For the six months ended March 31, 2026, the company reported a consolidated net profit of ₹42.33 crore. Total income from operations for this period was ₹725.22 crore, with net sales accounting for ₹723.17 crore. The profit before tax for the half-year was ₹55.11 crore, with a tax expense of ₹12.82 crore.

FY27 Guidance & Outlook

Based on the current order book and active participation in large-scale tenders, the company expects FY27 revenue in the range of ₹1,500 crore to ₹1,700 crore, implying approximately 40% to 59% year-on-year growth. The current order book stands at approximately ₹700 crore, providing near-term revenue visibility. Additionally, the company has participated in tenders worth over ₹3,000 crore and is planning to bid for projects worth approximately ₹1,000 crore in the coming months.

Assets and Liabilities

As of March 31, 2026, the company's consolidated total assets stood at ₹487.90 crore, an increase from ₹338.88 crore in the previous year. Shareholders' funds grew to ₹280.31 crore, driven by reserves and surplus of ₹255.51 crore. Current assets were reported at ₹374.04 crore, while current liabilities stood at ₹196.00 crore. Long-term borrowings reduced to ₹9.16 crore from ₹13.82 crore in the previous year.

Ganesh Green Bharat has secured a substantial order worth Rs 6.15 crore for the installation of a 1,500 KW rooftop solar project at Goa Shipyard. This contract represents a significant milestone for the renewable energy company, highlighting its growing presence in the solar power sector.

Project Details

The order encompasses the development and installation of rooftop solar infrastructure with a capacity of 1,500 KW at Goa Shipyard facilities. This project demonstrates the increasing adoption of renewable energy solutions within India's industrial and defense sectors.

Business Impact

This contract win reinforces Ganesh Green Bharat's position in the renewable energy market and showcases the company's capability to execute large-scale solar installations. The project at Goa Shipyard represents the growing trend of industrial facilities adopting sustainable energy solutions to meet their power requirements.

The successful acquisition of this order reflects the company's competitive positioning in the solar energy sector and its ability to secure contracts from established industrial clients. This development contributes to the broader expansion of renewable energy infrastructure across India's industrial landscape.