Shares of Rhetan TMT Limited registered gains on Thursday, August 20, following the company's announcement regarding the operational commencement of its solar power generation facility. The renewable energy update fueled investor buying in the metal stock, which has delivered returns close to 180 percent over the past three years. The firm formally communicated the successful execution of this energy transition milestone in a regulatory submission.
1 MW Captive Solar Plant Commissioned in Kadi, Gujarat
The company successfully initiated power generation from its 1 MW (AC) Captive Ground Mounted Solar Project situated at its manufacturing facility in Kadi, Gujarat. According to the filing submitted to the BSE on Thursday, the commencement of power generation marks the completion of the renewable energy initiative after securing all mandatory statutory clearances, developing necessary infrastructure, and concluding installation, testing, and commissioning activities. Electricity generated by this ground mounted solar array will be consumed internally to support the manufacturing plant's power requirements and advance green energy integration into daily operations.
Stock Price Movement and Historical Performance
On BSE, Rhetan TMT Limited shares were trading 2.36 percent higher at Rs 22.15 per share at 3:47 pm on Thursday, bringing its market capitalisation to Rs 1,765.08 crore. During the intraday trade, the equity touched a high of Rs 22.15 per share and a low of Rs 21.78 per share. The stock recorded its 52-week high of Rs 34.59 per share on August 11, 2026, while its 52-week low stood at Rs 17.05 per share on August 26, 2025. The firm holds a return on equity (ROE) of 13.79 percent. Over extended investment horizons, the stock has surged roughly 76 percent in two years and around 26 percent over one year, despite undergoing a 22 percent correction over the past one month.
Q1 FY27 Financial Results Highlight Profitability Growth
In its financial results for the first quarter of FY27, Rhetan TMT Limited reported a net profit after tax (PAT) of Rs 3.16 crore. This represents a 315 percent increase compared to the net profit of Rs 0.76 crore posted in Q1FY26. For comparison, the company had earned a net profit of Rs 2.21 crore during the March quarter of FY26. Profit before tax (PBT) witnessed an annual surge of 335.5 percent, climbing from Rs 0.76 crore in Q1FY26 to Rs 3.31 crore in Q1FY27. Earnings per share (EPS) for the quarter under review stood at Rs 0.04.
Operational Efficiency Drives Profit Expansion Despite Revenue Dip
While net profit expanded sharply year-on-year, revenue from operations experienced a contraction. Net revenue from operations dropped 19.3 percent annually to Rs 4.06 crore in Q1FY27, down from Rs 5.04 crore recorded in Q1FY26. Despite recording lower sales volumes during the quarter, the company successfully translated its operational revenue into significantly higher bottom-line profits due to improved cost control and operational efficiency across its manufacturing workflows.
