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Onix Renewable Achieves INR 1,001 Crore Revenue and INR 115 Crore Profit in FY25, Recording 19% Yearly Growth

Onix Renewable Ltd. has announced strong financial results for the fiscal year 2024–25, reporting significant growth in both revenue and profitability. The company achieved a total revenue of Rs 1,001.30 crore and a profit after tax (PAT) of Rs 114.79 crore, reflecting a 19 percent year-on-year increase driven by large-scale project completions and ongoing digital transformation efforts across multiple states.

According to the company’s audited results, EBITDA stood at Rs 164.45 crore, highlighting Onix Renewable’s consistent focus on operational efficiency and profitability. During the fiscal year, the company expanded its footprint across Gujarat, Maharashtra, and Rajasthan, successfully executing several flagship projects under the Government of India’s PM-KUSUM and Solar-Wind Hybrid initiatives.

In addition to project expansion, the company advanced its digital transformation by integrating AI-based predictive maintenance systems and smart data analytics to enhance operational safety, real-time monitoring, and project performance.

“FY 2024–25 has been a transformative year for Onix Renewable,” said Divyesh Savaliya, Chairman and Managing Director of Onix Renewable Ltd. “Our continued focus on innovation, sustainability, and community-driven growth has allowed us to deliver robust results while advancing India’s renewable energy goals. We remain committed to creating long-term value for our stakeholders and accelerating the nation’s transition to clean energy.”

Aligned with the United Nations Sustainable Development Goals (SDGs), Onix Renewable continues to prioritize carbon footprint reduction, rural development, and local job creation across its projects. The company reported a notable reduction in carbon emissions during FY25, reinforcing its role as a key contributor to India’s clean energy transition.

Looking ahead to FY 2025–26, Onix Renewable plans to scale up its renewable capacity by developing hybrid and energy storage-based projects, while strengthening strategic collaborations and innovation-led initiatives to support India’s path toward a net-zero future.