Aryavan Enterprise announced its Q1 unaudited financial results, showing a 3.05% increase in standalone revenue to Rs 1,127.22 crore, but a 24.7% decrease in net profit to Rs 58.48 crore compared to the previous quarter. Consolidated net profit stood at Rs 60.52 crore with revenue at Rs 1,456.54 crore. The company's subsidiary, Padmavati Chemicals, contributed Rs 2.04 crore to the profit. Basic EPS decreased from Rs 1.68 to Rs 0.84. The company continues to operate as a single-segment business, and its name change to Ecofinity Atomix Limited is pending BSE approval.
04Aug 25
Aryavan Enterprise Unveils Ambitious Solar Power Expansion Plans
Aryavan Enterprise (BSE: 539455) has approved plans to establish two solar plants with a combined capacity of 10,000 KW, expected to generate 17 million KWH annually. Additionally, its partner firm, M/S Padmavati Chemicals, in which Aryavan holds a 60% stake, plans to install a 5,000 KW solar PV system, projected to produce 8.50 million KWH yearly. The total new solar capacity from both initiatives could reach 15,000 KW, with an estimated annual electricity generation of 25.50 million KWH.