One of the micro-cap stocks is engaged in the development, financing, construction, and operation of renewable energy projects, specializing in solar and wind energy solutions across India. The stock has hit a 2 percent upper circuit after reporting a 57,200 percent YOY increase in revenue. 

Stock Price Movement

With a market capitalization of Rs. 68.22 crores, the shares of Onix Solar Energy Limited’s stock surged by 2 percent, reaching an upper circuit of Rs. 344.55 per share on Friday, up from its previous closing price of Rs. 337.80 per share. 

Q3 FY25 Result Walkthrough

Coming into the quarterly results of Onix Solar Energy Limited, the company’s consolidated revenue from operations increased by 57,200 percent YOY, from Rs. 0.01 crore in Q3 FY24 to Rs. 5.73 crore in Q3 FY25, and grew by 4,300 percent QoQ from Rs. 0.13 crore in Q2 FY25. 

Further, the company’s EBIDT has converted from negative to positive, from Rs. -0.16 crore in Q3 FY24 to Rs. 0.52 crore in Q3 FY25. 

In Q3 FY25, Onix Solar Energy Limited’s consolidated net loss turned into net profit in YOY, reaching Rs. 0.63 crore compared to Rs. -0.20 crore during the same period last year. As compared to Q2 FY25, the net profit has increased by 320 percent, from Rs.0.15 crore. 

The basic earnings per share increased by 321.33 percent and stood at Rs 0.75 as against Rs 3.16 recorded in the previous quarter in the financial year 2025. 

Recent Developments

The company is actively involved in upcoming solar projects, including significant initiatives in North Gujarat. The company emphasizes its commitment to innovation and sustainability, positioning itself as a leader in the renewable energy landscape. 

Services Offering

The company offers sustainable energy solutions, including IPP services for clean power delivery, EPC expertise to ensure timely and cost-effective project execution, and tailored project development focused on clients’ specific renewable energy needs. 

Written By – Nikhil Naik

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One of the micro-cap stocks is engaged in the development, financing, construction, and operation of renewable energy projects, specializing in solar and wind energy solutions across India. The stock has hit a 2 percent upper circuit after reporting a 57,200 percent YOY increase in revenue.  Stock Price Movement With a market capitalization of Rs. 68.22
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