Trom Industries has secured a significant order from South Bihar Power Distribution Company Limited to establish 17 MW of grid-connected rooftop solar projects. The contract involves setting up 15,335 consumer installations of 1.1 KW each within the Bihar Sharif circle under the PM Surya Ghar – Muft Bijli Yojana. This initiative operates under the CAPEX plus RESCO Mode Utility-Led Aggregation (ULA) Model, aiming to expand solar energy access in the region.

The order was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project is classified as a domestic order, with the aggregate order size confirmed at 17 MW. Trom Industries is responsible for the supply and execution of the rooftop solar infrastructure.

Execution timelines are strictly defined, with the supply required to be completed within nine months from the date of signing the Power Purchase Agreement (PPA). The company confirmed that the promoter group and group companies hold no interest in the entity awarding the order. Furthermore, the transaction does not fall under related party transactions.

Key Details of the Order

The project aligns with the government's push for residential solar adoption, leveraging a utility-led aggregation model to streamline implementation. This order marks a strategic expansion for Trom Industries in the renewable energy sector.

Trom Industries Limited reported a net profit of ₹253.51 lakh for the financial year ended March 31, 2026, a significant increase from ₹47.97 lakh in the previous year. Revenue from operations surged to ₹8,327.35 lakh, up from ₹4,708.33 lakh in FY25, reflecting strong business growth. The company’s total income for the year stood at ₹8,412.57 lakh.

Financial Performance

The company’s profit before tax for FY26 was ₹357.95 lakh, compared to ₹62.59 lakh in the prior year. Total expenses for the period increased to ₹8,054.62 lakh, primarily driven by a rise in the purchase of stock-in-trade, which stood at ₹7,834.82 lakh. Finance costs also rose to ₹137.58 lakh from ₹73.56 lakh in the previous year.

Earnings per share (EPS) for the year improved to ₹2.76 from ₹0.52 in FY25. The paid-up equity share capital remained unchanged at ₹919.49 lakh, with a face value of ₹10 per share.

Balance Sheet and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹10,469.23 lakh, an increase from ₹8,181.46 lakh in the previous year. Shareholders' funds grew to ₹5,366.71 lakh, driven by an increase in reserves and surplus to ₹4,447.22 lakh. Current assets, including cash and cash equivalents, improved significantly to ₹2,736.49 lakh.

Cash flow from operating activities for the year was negative at ₹444.32 lakh, while cash flow from financing activities was positive at ₹1,482.27 lakh, primarily due to an increase in short-term borrowings. Net cash and cash equivalents increased by ₹1,048.33 lakh during the year.

Key Financial Metrics

Regulatory Disclosures

The statutory auditors, Milind Nyati & Co LLP, issued an unmodified audit opinion on the financial results. The company confirmed there were no deviations in the utilization of funds raised through its Initial Public Offering (IPO) in July 2024. The net proceeds of ₹2,886.74 lakh were utilized for working capital requirements and general corporate purposes, while ₹450 lakh allocated for capital expenditure remained unutilized.

There were no outstanding defaults on loans or debt securities as of the reporting date. The Board of Directors approved the audited financial results at its meeting held on May 27, 2026. Additionally, the Board appointed M/s. Gaurav Bachani & Associates as Secretarial Auditor for FY26 and M/s. Ramani & Vasoya as Internal Auditor for FY27.