Onix Renewable Posts INR 1,001 Crore Revenue and INR 115 Crore PAT, Marking 19 Percent Annual Growth

Onix Renewable Ltd. has announced its audited financial results for the fiscal year 2024–25, reporting a sharp rise in revenue and profitability.

The company posted a total revenue of INR 1,001.30 crore, reflecting a 185.80 per cent increase over the previous fiscal. Profit after tax (PAT) grew 191.42 per cent year-on-year to INR 114.79 crore, while net profit rose 190.72 per cent to INR 153.46 crore. The company’s EBITDA stood at INR 164.45 crore, underscoring its strong operational performance and sustained focus on efficiency.

During the financial year, Onix Renewable strengthened its presence across Gujarat, Maharashtra, and Rajasthan, successfully completing several key projects under the Government of India’s PM-KUSUM and Solar-Wind Hybrid programmes. The company also advanced its digital transformation initiatives by deploying AI-enabled maintenance solutions and smart data systems to enhance operational safety, round-the-clock monitoring, and project efficiency.

Commenting on the performance, Divyesh Savaliya, Chairman and Managing Director of Onix Renewable Ltd., said, “FY 2024–25 has been a year of growth and transformation for Onix Renewable. Our focus on innovation, sustainability, and community development has enabled us to deliver consistent performance while contributing to India’s clean energy mission. We remain committed to expanding our renewable footprint and creating long-term value for our stakeholders.”

Aligned with the United Nations Sustainable Development Goals (SDGs), the company continues to prioritise carbon reduction, rural empowerment, and local employment across its renewable projects. Onix Renewable reported a notable reduction in carbon emissions through its operations during the year, reinforcing its commitment to sustainability and clean energy development.

Looking ahead to FY 2025–26, Onix Renewable plans to scale up its renewable energy capacity by introducing hybrid and storage-based projects. The company also aims to strengthen strategic partnerships and innovation-led initiatives to support India’s transition towards a net-zero future.

With a strong focus on sustainable innovation and operational excellence, the company remains dedicated to powering a cleaner and greener India.