Zodiac Energy Limited declared its results for Quarterly and Nine Months ended December 31, 2024. The company demonstrated strong revenue and profit growth, indicating a robust demand for its solar power solutions.
Zodiac’s Quarterly Revenue: Revenue from operations for the quarter ended December 31, 2024, was ₹104.33 Crores, a substantial increase compared to ₹46.92 Crores in the corresponding period of the previous year, demonstrating a growth of 122.35%.
Zodiac’s Quarterly EBIDTA: The EBIDTA for the quarter stood at ₹10.32 Crores, reflecting an impressive increase from ₹5.05 Crores during the same period last year, signifying a growth of 104.35%.
Zodiac’s Quarterly Profit After Tax (PAT): The PAT for the quarter stood at ₹5.71 Crores compared to ₹2.95 Crores in the previous year, signifying a growth of 93.55%.
Zodiac’s Nine-Months Revenue: Revenue from operations for the Nine Months December 31, 2024, was ₹236.44 Crores, a substantial increase compared to ₹113.43 Crores in the corresponding period of the previous year, demonstrating a growth of 108.44%.
Zodiac’s Nine-Months EBIDTA: For the Nine Months ended December 31, 2024, EBIDTA was ₹19.42 Crores, compared to ₹10.14 Crores in the same period last year, indicating a growth of 91.51%
Zodiac’s Nine-Months Profit After Tax (PAT): The PAT for the Nine Months stood at ₹10.53 Crores compared to ₹5.25 Crores in the previous year, signifying a growth of over 100.57%.
Operational Efficiency: Despite rising finance and material costs, Zodiac Energy maintained profitability, highlighting effective cost management strategies.
Commenting on the performance Kunj Shah, Chairman and Managing Director of Zodiac Energy Limited said,” We are pleased to report a period of significant growth and success for our company. Our strategic initiatives and expansion into new market segments have driven a notable increase in revenue, demonstrating our ability to deliver value and meet client needs. Our focus on operational efficiency and cost management has led to improved operating profits and a substantial rise in net profit, highlighting our commitment to optimizing processes and ensuring sustainable profitability. Our team remains committed to driving innovation, maintaining our competitive edge, and executing growth strategies to enhance shareholder value as we look forward to future opportunities.”
| Orders and Achievements: |
First International Ground Mounted Order: On August27, 2024, Zodiac Energy secured its inaugural international Ground Mounted Order solar project valued at USD$ 10,83,720.00, ground mounted Solar Projects market.
First International Rooftop Order: On December 19, 2024, Zodiac Energy secured its inaugural international rooftop solar project valued at USD$ 720,626.00, Rooftop Solar Projects market.
Industry Recognition: The company has received multiple awards for excellence and innovation in the renewable energy sector.
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