Zodiac Energy Sets Sights on Green Hydrogen and Geothermal Expansion
Zodiac Energy Limited, a leading renewable energy solutions provider, reported record-breaking financial and operational results for FY 2024-25 during its 33rd Annual General Meeting (AGM), chaired by Kunjbahi Shah.
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Strong Financial Growth
The company achieved a total revenue of ₹407.78 crore, an impressive 85% surge from ₹220.06 crore in FY24. Operating profits also climbed sharply, with EBITDA rising to ₹38.92 crore, while profit after tax (PAT) jumped 82% to ₹19.97 crore.
Earnings per share reached an all-time high of ₹13.38, prompting the Board to recommend a 7.5% dividend for shareholders.
Operational Milestones
Zodiac Energy marked its transition into an Independent Power Producer (IPP) by successfully commissioning 12 solar projects under the PM-KUSUM scheme, adding 40 MW capacity.
On the international front, the company entered Africa with a 4 MW ground-mounted solar project in Zambia, strengthening its global presence.
In line with India’s grid modernization needs, Zodiac also secured its first project in the Battery Energy Storage Systems (BESS) segment, with a 2MW/2.15MWh order.
Robust Order Book and Policy Tailwinds
Looking forward, Zodiac holds an order book of ₹435 crore, scheduled for execution in FY 2025-26. Shah emphasized that the recent GST rate cut on renewable energy products—from 12% to 5%—would act as a catalyst for sectoral growth and directly benefit the company’s operations.
Future Expansion: Green Hydrogen & Geothermal
Zodiac is now preparing to enter the green hydrogen ecosystem in India, tapping into the country’s emerging clean energy market. Additionally, the company is evaluating opportunities in geothermal energy, a sector projected to contribute up to 10% of global energy demand by 2050.
Chairman’s Vision
“Our company is prepared to be part of this journey of global energy transition. With innovation and resilience, we aim to deliver long-term value to all stakeholders,” Shah said, underlining Zodiac’s strategic commitment to sustainability and global energy leadership.
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