Gujarat Inject wins Rs. 14.49 crore solar order from Deon Energy
Gujarat Inject Kerala Limited secured a Rs. 14.49 crore order from Deon Energy for 16,129 Solar PV Modules, bolstering its renewable energy portfolio. The company reported a 91% YoY revenue increase to Rs. 36.32 crore and a 78% rise in net profit to Rs. 1.81 crore in FY26. Q4FY26 revenue surged to Rs. 30.70 crore, with net profit reaching Rs. 1.64 crore. The company is also rebranding to Regenova Renewtech Limited.

*this image is generated using AI for illustrative purposes only.
gujarat inject Kerala Limited has secured a purchase order worth Rs. 14.49 crore from Deon Energy Limited for the supply of 16,129 Solar PV Modules of 620 WP capacity. This order strengthens the company's presence in the renewable energy sector and supports its strategic expansion into India's solar infrastructure market. The contract comes as the company reported robust financial growth, with revenue nearly doubling in FY26.
The latest order follows a series of Solar PV Module contracts secured from customers including Earthwave Technology, Perfect Renewtech and Surja Infra. With the addition of the Deon Energy order, the company continues to build a strong order pipeline. The order win comes on the back of a strong financial performance delivered during FY26, where revenue from operations increased 91% year-on-year.
Financial Performance FY26
Gujarat Inject Kerala Limited reported significant growth in financial metrics for the fiscal year ended March 31, 2026. Revenue from operations rose to Rs. 36.32 crore from Rs. 19.05 crore in the previous year. Net Profit for the year increased to Rs. 1.81 crore from Rs. 1.02 crore, reflecting a growth of 78%.
| Metric | FY26 | FY25 |
|---|---|---|
| Revenue from operations | Rs. 36.32 crore | Rs. 19.05 crore |
| Net Profit | Rs. 1.81 crore | Rs. 1.02 crore |
| Profit Before Tax | Rs. 2.50 crore | Rs. 1.25 crore |
| Earnings Per Share | Rs. 1.24 | Rs. 0.70 |
The company delivered an exceptional performance during Q4FY26 as well. Revenue from operations for the quarter surged to Rs. 30.70 crore from Rs. 4.24 crore in Q4FY25. Profit after tax for Q4FY26 rose sharply to Rs. 1.64 crore compared to Rs. 0.07 crore reported in the corresponding quarter last year.
Strategic Expansion
The company's strategic diversification into Solar PV Modules and renewable energy-related operations has emerged as a key growth driver. India's renewable energy sector continues to witness robust policy support and increasing investments. As part of its ongoing business transformation, the company recently received approval for the proposed change of name to Regenova Renewtech Limited.
Commenting on the development, Mr. Deepak Diwan Bachwani, Executive Director, Gujarat Inject Kerala Limited, said the order reflects growing customer confidence in the company's capabilities. He added that the focus remains on timely execution and expanding participation across the solar ecosystem while creating sustainable value for stakeholders.
Historical Stock Returns for Gujarat Inject
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.33% | +0.82% | +14.64% | +244.06% | +345.06% | +4,716.87% |
How will the proposed name change to Regenova Renewtech Limited impact the company's brand identity and market perception in the renewable energy sector?
What are the company's capacity expansion plans to meet the rising demand from its growing order pipeline?
How will the recent surge in Q4 revenue influence the company's capital allocation strategy for the upcoming fiscal year?

































