Historical basis: this standalone series ends in FY 2024-25. A different basis has data through FY 2025-26. Do not treat this as current performance.
What the numbers show
In FY 2024-25, GH2 Solar Limited reported revenue (standalone) of ₹212.1 crore, up 227.5% from ₹64.8 crore in FY 2023-24.
Profit after tax was ₹20.1 crore, a net margin of 9.5%, up 480.1% on the previous year.
Net margin increased by 4.1 percentage points year on year.
At the end of FY 2024-25, net worth stood at ₹4.3 crore against borrowings of ₹47.8 crore (debt to equity 11.14).
Operating cash flow was −₹20.2 crore in FY 2024-25. Moved from operating cash inflow to outflow.
Revenue
₹212.1 cr
Up 227.5% on the previous year.
Profit after tax
₹20.1 cr
Up 480.1% on the previous year.
Net worth
₹4.3 cr
Decreased by ₹699.7 crore on the previous year.
3-year CAGR 17.3%
Operating cash flow
−₹20.2 cr
Moved from operating cash inflow to outflow.
Net margin rose by 4.1 percentage points from FY 2023-24 to FY 2024-25.
View exact chart values
| Metric | FY 2021-22 | FY 2022-23 | FY 2023-24 | FY 2024-25 |
|---|---|---|---|---|
| Revenue ₹ crore | 17.3 | 61.7 | 64.8 | 212.1 |
| Profit after tax ₹ crore | 0.6 | 0.9 | 3.5 | 20.1 |
Financial terms explained
- FY and reporting period
- FY means financial year. The reporting period is the span covered by the accounts; exact dates are shown only when the source supplies them.
- ₹ crore
- One crore rupees is ₹1,00,00,000 (ten million rupees).
- Revenue versus profit
- Revenue is income before expenses. Profit after tax is what remains after expenses and tax; a negative result is a loss.
- Operating cash flow
- Cash generated or used by core operations. It differs from accounting profit because timing and non-cash items differ.
- YoY and CAGR
- Year on year compares consecutive years. CAGR is the compounded annual rate between two positive, comparable endpoints; it is omitted when the result could mislead.
- EPS, net margin, ROE and debt-to-equity
- EPS is source-reported earnings per share. Net margin is profit after tax divided by revenue. ROE compares profit with net worth. Debt-to-equity compares borrowings with net worth.
Key ratios · FY 2024-25
- Return on equity
- 5.7%
- Debt to equity
- 11.14×
- EBITDA margin
- 13.4%
- Net margin
- 9.5%
- Basic EPS
- ₹46.78
Calculation notes and limitations
- Net and EBITDA margins divide the reported amount by revenue. Margin changes are shown in percentage points, not percent.
- ROE: Profit after tax divided by average opening and closing net worth.
- Debt-to-equity divides reported borrowings by year-end net worth. It is unavailable when net worth is missing or not positive.
- CAGR is shown only for positive endpoints three to five years apart and is suppressed for extreme base effects.
- Basic EPS is source-reported. Share splits, bonus issues and dilution can affect comparability, so EPS is not used here for a valuation ratio.
Financial statements
Exact figures · not a forecast| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Revenue ₹ crore | 212.1 ▲227.5% on FY 2023-24 | 64.8 | 61.7 | 17.3 |
| EBITDA ₹ crore | 28.4 ▲418.8% on FY 2023-24 | 5.5 | 1.7 | 1.0 |
| EBITDA margin % | 13.4% +4.9 pp year on year | 8.4% | 2.7% | 5.5% |
| Profit after tax ₹ crore | 20.1 ▲480.1% on FY 2023-24 | 3.5 | 0.9 | 0.6 |
| Net margin % | 9.5% +4.1 pp year on year | 5.3% | 1.5% | 3.4% |
| Basic EPS ₹ per share | 46.78 ▲366.4% on FY 2023-24 | 10.03 | 244.74 | 153.95 |
| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Net worth ₹ crore | 4.3 | 704.0 | 358.8 | 2.7 |
| Borrowings ₹ crore | 47.8 ▲716.9% on FY 2023-24 | 5.9 | 3.7 | 1.6 |
| Total assets ₹ crore | 131.4 ▲150.2% on FY 2023-24 | 52.5 | 20.1 | 10.4 |
| Debt to equity times | 11.14× | 0.01× | 0.01× | 0.60× |
| Return on equity % | 5.7% | 0.7% | 0.5% | 22.0% |
| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Operating cash flow ₹ crore | −20.2 | 1.3 | −1.8 | −0.0 |
| Profit after tax ₹ crore | 20.1 ▲480.1% on FY 2023-24 | 3.5 | 0.9 | 0.6 |
Sources and review information
Basis: Standalone. Financial data review: 25 Sep 2026. This is separate from the share-quote update time.
Direct filing links are unavailable in the current dataset for 4 years. No link has been invented.
Restatements: No restatement information is recorded in the available source metadata.
Historical financial results can be amended or restated. Check a linked filing where available before relying on a figure.
GH2 Solar Limited: common questions
What was GH2 Solar Limited's revenue in FY 2024-25?
GH2 Solar Limited reported revenue of ₹212.1 crore in FY 2024-25 on a standalone basis, according to its filed financial statements.
Did GH2 Solar Limited make a profit in FY 2024-25?
Yes. GH2 Solar Limited reported a profit after tax of ₹20.1 crore in FY 2024-25 on a standalone basis.
What is GH2 Solar Limited's net worth?
GH2 Solar Limited's net worth (share capital plus reserves) was ₹4.3 crore at the end of FY 2024-25.
How much debt does GH2 Solar Limited have?
GH2 Solar Limited reported borrowings of ₹47.8 crore at the end of FY 2024-25.
How many years of financial data are available for GH2 Solar Limited?
This page shows 4 years of filed figures, from FY 2021-22 to FY 2024-25.