News Earnings Zodiac Energy Reports Q3FY26 Results, Approves Strategic Investment & Office MoveZodiac Energy Reports Q3FY26 Results, Approves Strategic Investment & Office Move
Zodiac Energy announced Q3FY26 financial results showing revenue growth alongside strategic corporate decisions. The company reported standalone revenue of ₹13,755.90 lakhs and profit after tax of ₹507.49 lakhs, while approving investment in battery energy storage company Zenwatt Clean Energy Limited and relocating registered office to larger premises at Times Corporate Park for enhanced operational efficiency.
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Zodiac Energy Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, alongside several strategic corporate decisions approved by the Board of Directors on February 09, 2026.
Financial Performance for Q3FY26
The company delivered solid financial performance during the third quarter of FY26. On a standalone basis, Zodiac Energy reported strong operational metrics across key financial parameters.
| Metric: | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations: | ₹13,755.90 lakhs | ₹10,433.12 lakhs | ₹33,238.47 lakhs | ₹23,643.58 lakhs |
| Other Income: | ₹53.85 lakhs | ₹46.00 lakhs | ₹108.96 lakhs | ₹87.94 lakhs |
| Total Income: | ₹13,809.75 lakhs | ₹10,479.12 lakhs | ₹33,347.43 lakhs | ₹23,731.52 lakhs |
| Profit Before Tax: | ₹701.21 lakhs | ₹764.38 lakhs | ₹1,418.40 lakhs | ₹1,457.79 lakhs |
| Profit After Tax: | ₹507.49 lakhs | ₹571.13 lakhs | ₹1,044.44 lakhs | ₹1,053.07 lakhs |
The consolidated financial results showed total revenue from operations of ₹13,766.62 lakhs for Q3FY26, with profit after tax of ₹507.67 lakhs. The nine-month consolidated revenue reached ₹33,259.83 lakhs with profit after tax of ₹1,038.55 lakhs.
Strategic Investment in Battery Energy Storage
The Board approved a significant strategic investment to acquire an equity stake in Zenwatt Clean Energy Limited, a company specializing in Battery Energy Storage Systems (BESS). The company authorized Managing Director Mr. Kunjbihari Shah to negotiate and finalize the transaction details. Detailed information regarding this investment will be disclosed upon completion of the transaction in compliance with SEBI regulations.
Registered Office Relocation for Operational Enhancement
The Board approved the shifting of the company's registered office within Ahmedabad city limits, effective February 09, 2026. The relocation represents a strategic move to strengthen infrastructure facilities and accommodate the company's growing workforce.
| Office Relocation Details: | Information |
|---|---|
| Previous Address: | U.G.F-4,5,6, Milestone Building, Near Khodiyar Restaurant, Near drive In Cinema, Thaltej, Ahmedabad |
| New Address: | A 12, Times Corporate Park, Thaltej – Shilaj Road, Thaltej, Ahmedabad – 380059 |
| Effective Date: | February 09, 2026 |
| Purpose: | Infrastructure strengthening and operational efficiency improvement |
The company stated that the relocation to larger space will make operational requirements more effective and support improved operational efficiency, contributing to long-term growth objectives.
Corporate Governance and Organizational Changes
The Board implemented several important organizational changes during the meeting, including reconstitution of key committees and office relocation.
| Development: | Details |
|---|---|
| Committee Reconstitution: | Audit Committee and Nomination & Remuneration Committee restructured |
| Audit Committee Chairman: | Mr. Ambar Patel (Independent Director) |
| N&R Committee Chairman: | Mr. Ambar Patel (Independent Director) |
| Company Secretary: | Ms. Divya Joshi |
The reconstituted Audit Committee comprises Mr. Ambar Patel as Chairman (Independent Director), Mr. Kalpesh Joshi as Member (Independent Director), and Mr. Kunjbihari Shah as Member (Managing Director). The Nomination and Remuneration Committee includes Mr. Ambar Patel as Chairman (Independent Director), Mr. Kalpesh Joshi as Member (Independent Director), and Mr. Jaxay Shah as Member (Non-Executive Director).
Segment Performance and Earnings Metrics
The company operates through two primary business segments: Solar Photovoltaic Modules & EPC Contracts, and Generation of Power. For Q3FY26, the Solar Photovoltaic Modules & EPC segment generated revenue of ₹13,312.29 lakhs with segment results of ₹930.82 lakhs. The Generation of Power segment contributed revenue of ₹454.33 lakhs with segment results of ₹19.36 lakhs.
The company maintained a paid-up share capital of ₹1,512.37 lakhs with a face value of ₹10.00 per equity share. Basic earnings per share for Q3FY26 stood at ₹2.68, while diluted earnings per share was ₹2.67. For the nine-month period, basic earnings per share reached ₹6.24 with diluted earnings per share at ₹6.20.
Historical Stock Returns for Zodiac Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.70% | -8.26% | -4.53% | -40.13% | -43.49% | +1,707.33% |
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