Onix Renewable Limited Announces Strong Financial Performance for FY 2024-25

SMPL

Mumbai (Maharashtra) [India], October 24: Onix Renewable Limited, a leading player in India's renewable energy sector, announced its audited financial results for the fiscal year 2024-25, marking another year of sustained growth, operational excellence, and strategic expansion across its renewable portfolio.

During the financial year, Onix Renewable recorded significant progress across its Renewable energy verticals, reflecting its continued commitment to sustainable development and innovation in clean energy.

Key Financial Highlights (FY 2024-25)

- Total Revenue: ₹1001.30 crore, representing a 185.80% increase

- EBITDA: ₹164.45 crore, demonstrating strong operational performance

- Net Profit: ₹153.46 crore, growing by 190.72% year-on-year

- PAT: ₹114.79 crore, growing by 191.42% year-on-year

Strategic and Operational Achievements

Throughout the year, Onix Renewable strengthened its presence in Gujarat, Maharashtra, and Rajasthan, completing several landmark projects under the Government of India's PM-KUSUM and Solar-Wind Hybrid programs.

The company also advanced its digital transformation initiatives, enhancing operational safety, 24x7 monitoring, and project efficiency through smart data systems and AI-enabled maintenance solutions.

Speaking on the results, Mr. Divyesh Savaliya, CMD of Onix Renewable Limited, 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."

Commitment to Sustainability

Onix Renewable continues to align its operations with the United Nations Sustainable Development Goals (SDGs), focusing on carbon reduction, rural empowerment, and local employment. The company successfully reduced its carbon emissions through its renewable projects this year.

Looking Ahead

For FY 2025-26, Onix Renewable aims to scale its renewable capacity by introduce hybrid and storage-based projects, and strengthen partnerships to accelerate India's transition toward a net-zero future.

About Onix Renewable Limited

Onix Renewable Limited is one of India's fast-growing renewable energy companies engaged in the development, construction, and operation of solar, wind, and hybrid projects. With a commitment to sustainable innovation and energy excellence, the company is dedicated to powering a greener future for India.

For more information, do visit: https://onixrenewable.com/

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