Savaliya focuses on innovation, sustainability and community development
Onix Renewable Ltd, from Rajkot-Mumbai with a strong global presence, aims to scale its renewable capacity by introducing hybrid and storage-based projects in FY 2025-26, and strengthen partnerships to accelerate India’s transition toward a net-zero future, CMD Divyesh Savaliya said on 24 Oct.
The company has also advanced its digital transformation initiatives, enhancing operational safety, 24×7 monitoring, and project efficiency through smart data systems and AI-enabled maintenance solutions.
“FY 2024–25 has been a year of growth and transformation for Onix Renewable. Our focus on innovation, sustainability, and community development has enabled us to deliver consistent performance while contributing to India’s clean energy mission. We remain committed to expanding our renewable footprint and creating long-term value for our stakeholders,” Savaliya said.
A leading player in India’s renewable energy sector, Onix announced its audited financial results for the fiscal year 2024–25, marking another year of sustained growth, operational excellence, and strategic expansion across its renewable portfolio.
Key Financial Highlights (FY 2024–25):
• Total Revenue: Rs.1,001.30 crore, representing a 185.80% increase
• EBITDA: Rs.164.45 crore, demonstrating strong operational performance
• Net Profit: Rs.153.46 crore, growing by 190.72% year-on-year
• PAT: Rs.114.79 crore, growing by 191.42% year-on-year
Strategic and Operational Achievements
Throughout the year, Onix Renewable strengthened its presence in Gujarat, Maharashtra, and Rajasthan, completing several landmark projects under the Government’s PM-KUSUM and Solar-Wind Hybrid programs.
Onix Renewable continues to align its operations with the United Nations Sustainable Development Goals (SDGs), focusing on carbon reduction, rural empowerment, and local employment. The company has successfully reduced its carbon emissions through its renewable projects this year, said Savaliya.
Onix Renewable is one of India’s fast-growing renewable energy companies engaged in the development, construction, and operation of solar, wind, and hybrid projects. With a commitment to sustainable innovation and energy excellence, the company is dedicated to powering a greener future for India. Fiinews.com
