Hyderabad, August 14, 2025 — Solana Biofuels Limited (formerly Southern Online Bio Technologies Limited) has announced its unaudited financial results for the quarter ended June 30, 2025, reporting a net loss of ₹401.09 lakh compared to a profit of ₹80.43 lakh in the preceding quarter.
Financial Performance Overview
The company’s revenue from operations stood at ₹2,939.68 lakh in Q1 FY2025-26, a drop from ₹4,644.98 lakh in the same quarter last year and slightly above ₹2,467.31 lakh in Q4 FY2024-25. Including other income of ₹7.98 lakh, total income reached ₹2,947.66 lakh.
On the expense side, cost of materials consumed declined to ₹1,855.45 lakh from ₹3,577.39 lakh a year earlier. However, changes in inventories accounted for ₹1,137.47 lakh, compared to ₹719.22 lakh in Q1 FY2024-25. Employee costs increased year-on-year to ₹98.50 lakh, while finance costs stood at ₹69.69 lakh. Depreciation was ₹92.74 lakh.
Total expenses for the quarter were ₹3,348.75 lakh, resulting in a loss before tax of ₹401.09 lakh versus a loss of ₹53.65 lakh in the same period last year.
Earnings per Share (EPS)
Basic and diluted EPS for the quarter came in at ₹(0.89), down from ₹0.18 in the previous quarter and ₹(0.09) in Q1 FY2024-25.
Segment-wise Performance
- Bio Diesel revenue was ₹2,928.11 lakh, down from ₹4,623.05 lakh last year. The segment posted a loss before interest and tax of ₹331.43 lakh, compared to a profit of ₹19.76 lakh in Q1 FY2024-25.
- Internet Services generated ₹19.55 lakh in revenue, slightly lower than ₹21.93 lakh last year, with a segment loss of ₹7.95 lakh.
Balance Sheet Highlights
The company’s net worth stood at ₹3,258.78 lakh as of June 30, 2025, down from ₹3,732.38 lakh a year ago. Segment assets totaled ₹20,932.73 lakh, with the Bio Diesel division accounting for ₹20,840.97 lakh.
