StockWatch
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ABC GAS (INTERNATIONAL) LTD.

BSE: 513119

P/L Snapshot

Q2 FY27 · standalone

vs Q1 FY27·vs Q2 FY26
Revenue
31.88
-66.0%-26.7%
Expenditure
29.39
-55.4%-33.3%
Net Profit
1.92
-90.8%+353.6%
OPM %
7.82%
-21.87pp+9.20pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-12.0917.2046.4975.78105.07Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Price Chart
Reports

Onix Solar posts consolidated PAT of ₹1.49 Cr in Q2 FY27, reversing year-ago loss

solar modules · renewable energy · consolidated turnaround

ResultsQ2 FY2708 Oct 20263 minMetals & Mining

When Insiders and Institutions Align—ABC Gas's Quiet ₹30 Crore Conviction Play

insider buying · promoter conviction · bulk deals

ResearchDeep dive26 Aug 20265 minEnergy & Oil/Gas
Latest
Quarterly Result8 Oct, 7:00 pm

Onix Solar posts consolidated PAT of ₹1.49 Cr in Q2 FY27, reversing year-ago loss

Onix Solar Energy (formerly ABC Gas International) reported consolidated PAT of ₹1.49 Cr for Q2 FY27, against a standalone net loss of ₹0.76 Cr in Q2 FY26 — a year-on-year turnaround to profit, the anchor read for this quarter. Revenue, however, fell on both comparisons: consolidated revenue from operations of ₹32.42 Cr is down roughly 25% YoY from the year-ago standalone ₹43.37 Cr, and down about 66% sequentially from Q1 FY27's ₹94.51 Cr. Solar module manufacturing/EPC revenue is order-linked and lumpy rather than smooth quarter-to-quarter — Q1 FY27's consolidated P&L carried an outsized ₹52.76 Cr inventory drawdown that inflated that quarter's print, so this quarter's drop reads as reversion from an unusually large base rather than a fresh deterioration trend, though the scale of the sequential fall is still material. Margins moved accordingly: consolidated NPM was 4.59% and OPM (EBITDA margin) 6.93% this quarter, sharply below Q1 FY27's 22.11%/29.74% but an improvement on the year-ago quarter's negative 1.74%/1.38%. No exceptional or extraordinary items were booked in any period shown, so these are clean operating-basis moves. Standalone PAT (₹1.92 Cr) was actually higher than the consolidated figure (₹1.49 Cr) — the gap is explained by the first-time consolidation of 99%-owned subsidiary Nexgenix Solar Manufacturing Pvt Ltd, which appears to have dragged on group profit this quarter per the auditor's review note. There is no street consensus to grade this against — a web search turned up no analyst previews or brokerage estimates for this micro-cap, so vs-street is unknown. The company also has no formal prior guidance on record and no prior concall notes in our files, so there is nothing to grade the print against on that front either; management's outcome letter for this filing covered only the results approval and a proposed shift of the registered office from the Maharashtra (Mumbai) RoC to Gujarat, pending shareholder approval — an administrative item with no P&L impact this quarter. The next print should clarify whether the business is reverting to a steadier run rate: FY26 full-year consolidated revenue was ₹240.85 Cr (~₹60 Cr/quarter average), above which Q1 FY27 sat and below which Q2 FY27 now sits.

8 Oct 2026, 07:00 pm

Corporate Events

Board MeetingONIXSOLAR
2026
8Oct

Board Meeting

To consider and approve the Unaudited Standalone and Consoli…

BSE Filing ↗
Board MeetingONIXSOLAR
2026
30Sep

Board Meeting

The 46th Annual General Meeting will be held to adopt financ…

BSE Filing ↗
Board MeetingONIXSOLAR
2026
7Sep

Board Meeting

The Board of Directors will hold a meeting to approve and fi…

BSE Filing ↗
Board MeetingONIXSOLAR
2026
15Jul

Board Meeting

To consider and approve the Unaudited Financial Results (Sta…

BSE Filing ↗
Board MeetingONIXSOLAR
2026
17Apr

Board Meeting

To consider and approve a proposal to raise funds through is…

BSE Filing ↗
Board MeetingONIXSOLAR
2025
29Dec

Board Meeting

Consider and approve Proposal to raise funds

BSE Filing ↗
Board MeetingONIXSOLAR
2025
29Nov

Board Meeting

Consider and approve the unaudited financial results of the …

BSE Filing ↗
Board MeetingONIXSOLAR
2025
26Nov

Board Meeting

Consider and approve unaudited financial results

BSE Filing ↗
Board MeetingONIXSOLAR
2025
11Jun

Board Meeting

Increase Authorised share capital of the Company, Proposal f…

BSE Filing ↗
Board MeetingONIXSOLAR
2025
1Feb

Board Meeting

consider and approve the proposal for fund raising

BSE Filing ↗
Board MeetingONIXSOLAR
2025
16Jan

Board Meeting

consider and approve the unaudited financial results, adopt …

BSE Filing ↗
Board MeetingONIXSOLAR
2024
15Nov

Board Meeting

proposal for fund raising, raising of funds through preferen…

BSE Filing ↗
Board MeetingONIXSOLAR
2024
6Nov

Board Meeting

To consider the proposal for raising of funds through prefer…

BSE Filing ↗
Board MeetingONIXSOLAR
2024
24Oct

Board Meeting

raising of funds through preferential issue of shares, Any o…

BSE Filing ↗
Board MeetingONIXSOLAR
2024
12Aug

Board Meeting

Intimation Of Submission Of Unaudited Financial Result For T…

BSE Filing ↗
Board MeetingONIXSOLAR
2024
15May

Board Meeting

Consideration and approval of Audited Financial Results, Cha…

BSE Filing ↗