Synergy Green Industries Limited (SGIL) has announced its unaudited financial results for the first quarter, showcasing strong growth across key financial metrics.

Financial Highlights

• Revenue Growth: SGIL reported a total income of ₹85.38 crore for Q1, marking an 8% increase from ₹79.06 crore in the corresponding quarter of the previous year.
• EBITDA Performance: The company's PBDIT (Profit Before Depreciation, Interest, and Tax) rose to ₹13.15 crore, up from ₹10.52 crore in the same period last year, representing a significant 25% year-over-year growth.
• Margin Improvement: PBDIT margin expanded by 210 basis points, reaching 15.4% compared to 13.3% in Q1 of the previous year.

Operational Highlights

• Export Performance: SGIL witnessed a remarkable 140% growth in export revenues, which surged from ₹12.60 crore to ₹30.30 crore.
• Capacity Expansion: The company is expanding its foundry capacity from 30,000 TPA to 45,000 TPA, with operations expected to commence in Q3.
• Solar Project: An 8 MW solar project is under commissioning.

Order Book and Business Outlook

• SGIL has secured a significant agreement with Vestas for orders worth ₹167.00 crore, to be executed in CY 2026.
• Siemens Gamesa has resumed lifting schedules from Q3.
• The company has successfully developed India's largest wind casting weighing 29.5 MT for Nordex's 5 MW platform.
• Based on the current order book and new capacity additions, SGIL projects around 20% revenue growth for the full year.
• The company expects PBDIT margins to expand by 100 basis points for the full year.

With a strong order book and ongoing expansion activities, Synergy Green Industries Limited is well-positioned to maintain its growth trajectory and enhance shareholder value.

Note: All financial figures are based on the unaudited results for Q1 as reported by the company.

Shares of Synergy Green Industries witnessed a significant surge of 11% on Wednesday, reaching Rs 576.80, following the announcement of a crucial development order from Adani Wind. The order, focused on components for 3.3 MW wind turbines, is set to substantially boost the company's order book with Adani Wind.

Order Impact

The newly secured order is expected to have a considerable impact on Synergy Green Industries' financial outlook:

This represents a potential doubling of the company's order book with Adani Wind, signaling strong growth prospects in the renewable energy sector.

Project Timeline

The development phase for the 3.3 MW turbine parts is anticipated to reach completion in the third quarter of FY26. Following this crucial stage, Synergy Green Industries is poised to commence serial production in the fourth quarter of the same fiscal year.

Market Response

The market's reaction to this development was overwhelmingly positive, as evidenced by the sharp increase in the company's share price. This surge underscores investor confidence in Synergy Green Industries' growth trajectory and its strengthening position in the wind energy component manufacturing space.

Strategic Implications

This order from Adani Wind, a significant player in the renewable energy sector, could potentially open doors for Synergy Green Industries to secure more contracts in the burgeoning wind energy market. As India continues to push for increased adoption of renewable energy sources, companies like Synergy Green Industries stand to benefit from the growing demand for wind turbine components.

The collaboration with Adani Wind not only bolsters Synergy Green Industries' order book but also enhances its credibility as a reliable supplier in the wind energy ecosystem. This development order could serve as a stepping stone for the company to expand its footprint in the renewable energy sector and potentially explore opportunities with other major players in the industry.