Zodiac Energy Reports Strong Q1 FY25 Growth; Secures Major Investment

Zodiac Energy Limited reported robust Q1 FY25 financial results with a 144.56% YoY increase in total income and a 184.36% rise in net profit. The company gained a significant Rs 30 crore investment through a QIP, boosting its strategic market expansion and future growth potential.

Zodiac Energy Limited, a premier energy solution provider in India, revealed its unaudited financials for Q1 FY25, showing significant growth in key metrics.

The company achieved a total income of Rs 79.59 crore, reflecting a 144.56% year-on-year (YoY) increase. Its EBITDA reached Rs 4.44 crore, up by 76.68% YoY. Net profit surged to Rs 2.33 crore, marking a substantial 184.36% growth. The Net Profit Margin (NPM) stood at 2.93%, up by 41 basis points, while Earnings Per Share (EPS) saw a remarkable 183.93% rise to Rs 1.59.

Kunj Shah, Chairman and Managing Director, attributed this growth to strategic initiatives and market expansion. He emphasized the company's focus on operational efficiency and cost management, which significantly improved their operating profits. Shah also announced a major financial boost as the Qualified Institutions Placement (QIP) Committee approved the allotment of 4,35,700 equity shares at Rs 688.50 each, raising approximately Rs 30 crore. This investment will support the company's expansion into the developers' market and fund strategic projects, including 26.8 MW solar projects under the PM-KUSUM Scheme.

Financial institutions such as Bank of America and NAV Capital have shown confidence in the company's strategic direction by participating in the QIP, indicating robust investor trust and future growth potential.

(With inputs from agencies.)