Resus Energy PLC said two subsidiaries have submitted bids within the qualifying price range to install 16 MW (64 MWh) of battery energy storage systems under a government tender; estimated equity needed is Rs 650-800 million and awards are pending.
Power & Energy · Alternative Power Generation
Resus Energy PLC is a renewable energy company that develops, owns and operates power generation assets and supplies electricity to the national grid in Sri Lanka.
HPWR shares are down 3.3% over the past year and last closed at Rs 8.90 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +18.0 | -7.3 | -6.9 | +7.4 | -2.9 | -4.0 | -3.2 | -2.2 | -1.1 | +0.0 | +0.0 | +0.0 |
| 2025 | +11.8 | -10.2 | -7.5 | +9.2 | +2.1 | -3.1 | +13.9 | +21.9 | +17.9 | +1.1 | +1.1 | -0.9 |
| 2024 | -5.3 | +2.1 | +20.7 | +20.0 | +7.1 | +4.4 | -6.0 | -2.3 | +6.0 | +21.8 | -4.7 | +5.3 |
| 2023 | +4.2 | +12.0 | -3.6 | -6.7 | -5.6 | +5.0 | +27.2 | -5.7 | +4.7 | -3.8 | -2.0 | +1.4 |
| 2022 | -7.5 | -18.9 | -33.7 | -29.6 | +2.1 | -16.1 | +29.2 | +2.6 | +4.9 | -11.1 | -8.8 | -3.2 |
| 2021 | +2.6 | -12.4 | +3.7 | -2.8 | +10.7 | -2.6 | -0.8 | +1.9 | -0.8 | +1.1 | +44.7 | +3.9 |
| 2020 | -4.0 | -3.3 | -13.8 | +0.0 | +0.0 | +21.7 | +4.8 | -1.5 | +13.1 | -1.7 | -2.2 | -0.7 |
| 2019 | -0.5 | +5.3 | +9.3 | +8.6 | +1.0 | +7.8 | +0.0 | +2.3 | +3.1 | +2.2 | +4.6 | +0.8 |
| 2018 | +5.0 | +10.5 | -5.7 | +4.5 | +2.4 | -9.9 | +9.4 | +8.1 | -2.7 | -4.5 | +14.3 | -12.5 |
| 2017 | -9.8 | +3.6 | -5.5 | +8.9 | -3.4 | +4.5 | +0.5 | -4.8 | +3.0 | -2.9 | +6.0 | -14.6 |
| 2016 | -6.8 | -6.0 | +1.4 | +7.2 | -2.9 | -3.0 | +4.9 | +2.1 | -7.1 | +4.0 | -11.6 | +4.9 |
| 2015 | +0.6 | -0.5 | +4.4 | +19.0 | +11.6 | -5.6 | +0.4 | -0.8 | -1.7 | +3.4 | +0.0 | +4.2 |
| 2014 | +3.4 | -5.5 | +3.5 | +1.1 | +5.6 | -5.8 | +0.0 | -1.1 | -3.4 | +2.9 | +2.3 | +0.6 |
| 2013 | +3.7 | -7.5 | -0.5 | -4.3 | +3.5 | -6.8 | -5.2 | +1.6 | -5.9 | +1.7 | -0.6 | -0.6 |
| 2012 | +0.0 | +0.0 | +0.0 | -3.6 | -17.0 | +3.4 | -1.1 | +7.2 | +17.1 | -9.3 | -0.5 | +7.4 |
| Average | +1.1 | -2.7 | -2.4 | +2.8 | +1.0 | -0.7 | +4.9 | +2.0 | +3.2 | +0.4 | +3.0 | -0.3 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +1.6 | -4.4 | -2.0 | +5.9 | +2.1 | -3.0 | +0.4 | +1.6 | +3.0 | +1.1 | -0.2 | +0.7 |
| % up | 57% | 36% | 43% | 64% | 64% | 40% | 53% | 53% | 53% | 57% | 43% | 57% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 1.0B -5.6% | Rs 1.1B +10.7% | Rs 966.8M -2.9% | Rs 995.8M +18.8% | Rs 837.9M +25.8% | Rs 666.3M +22.1% | Rs 545.6M +4.7% | Rs 521.1M +27.5% |
| Operating profit | Rs 586.6M -22.8% | Rs 759.9M -5.1% | Rs 800.5M +5.0% | Rs 762.2M +22.2% | Rs 623.8M +32.7% | Rs 470.0M +25.9% | Rs 373.4M +9.0% | Rs 342.7M +38.1% |
| Net profit | Rs 157.0M -27.0% | Rs 215.0M -42.5% | Rs 373.9M -9.5% | Rs 413.3M -12.7% | Rs 473.3M +43.3% | Rs 330.3M +87.4% | Rs 176.3M +8.3% | Rs 162.8M +40.2% |
| EPS | 0.36 -85.5% | 2.49 -42.6% | 4.34 -9.6% | 4.80 -19.9% | 5.99 +43.3% | 4.18 +79.4% | 2.33 +7.9% | 2.16 +8.5% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · first interimRs 0.75
- 2025 · first interimRs 1.00
- 2024 · first interimRs 1.25
- 2023 · first interimRs 0.55
- 2021 · first interimRs 0.75
- 2019Rs 2.50
- 2018Rs 1.50
- 2015Rs 24.00
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | WIND.N0000 | 40.00 | Rs 54.2B | 35.7 | 2.07 | 1.12 | 5.79% | 0.00% |
| 2 | VLL.N0000 | 22.10 | Rs 22.8B | 13.1 | 2.22 | 1.69 | 16.94% | 2.26% |
| 3 | VPEL.N0000 | 15.00 | Rs 11.2B | 8.7 | 3.19 | 1.73 | 36.95% | 4.00% |
| 4 | PAP.N0000 | 12.50 | Rs 7.8B | 8.6 | 3.47 | 1.46 | 40.28% | 1.43% |
| 5 | LVEF.N0000 | 5.90 | Rs 4.5B | 29.2 | 0.66 | 0.20 | 3.96% | 0.00% |
| 6 | LPL.N0000 | 10.70 | Rs 4.0B | 189.7 | 1.83 | 0.06 | 17.14% | 0.00% |
| 7 | HPWR.N0000 · this company | 8.90 | Rs 3.8B | 24.7 | 1.46 | 0.36 | 6.11% | 1.74% |
| 8 | HPFL.N0000 | 11.40 | Rs 1.2B | - | 1.89 | -0.24 | -4.02% | 6.84% |
| Peer median · 7 companies | - | - | 21.1 | 2.07 | - | - | 1.43% |
About Resus Energy Plc
Resus Energy PLC is a renewable energy company that develops, owns and operates power generation assets and supplies electricity to the national grid in Sri Lanka. The company focuses on clean generation using small hydropower and ground-mounted solar PV projects to contribute to the country’s renewable energy transition. Its portfolio stands at approximately 30 MW of capacity, comprising small hydropower plants and solar projects with an estimated annual energy production profile described in its reporting. Resus is headquartered in Sri Lanka and is pursuing further development domestically while exploring its first international project in East Africa, and evaluating additional technologies such as battery energy storage systems to support renewable integration.
AI analysis
bearishEvidence points bearish because June profit fell 64.3%, despite a commissioned 2MW solar addition.
Read the full report (Sep 29, 2026) →News sentiment
Describes news flow, not a forecast6 articles in 30 days: 6 positive, 0 negative, 0 neutral.
Colombo Stock Exchange morning trade saw the ASPI fall 0.21% to 20,898.92 with market turnover at 143.28 million rupees; banks led turnover. Resus Energy said two subsidiaries' bids for 16 MW / 64 MWh battery energy storage systems integrated with solar plants were awarded, with equity needs of 650-800 million rupees.
Resus Energy PLC commissioned a 2MW solar plant at Damana, Ampara and began commercial operations on 18 September 2026; the plant, developed by wholly-owned Resus Eastern Solar Ltd, is expected to supply ~3.5 GWh/year to the national grid. It expands the group's renewable energy portfolio.
Resus Energy PLC has commissioned a solar power plant in Damana, Ampara developed by its wholly owned subsidiary Resus Eastern Solar (Pvt) Ltd, expected to generate about 3.5 GWh of electricity annually to Sri Lanka's national grid. The facility expands the Group's renewable energy portfolio.
Resus Energy Plc (HPWR.N0000) commissioned a 2MW solar power plant in Damana, Ampara, with commercial operations starting on September 18; the plant is expected to supply about 3.5 GWh annually to the national grid. Shares closed at Rs 8.70, down 1.14%.
Colombo stocks were flat as the ASPI rose 0.01% to 21,347.36 with turnover of Rs 89.95m; capital goods led turnover at Rs 29.94m. Resus Energy notified a minor reallocation of its Green Bond 2025 proceeds and its shares fell 1.16% to Rs 8.50.
Power & Energy sector: what is happening
Last 14 days to Sep 30, 2026Rising global oil prices prompted a Rs41 billion diesel subsidy for Oct-Dec and Rs17.2 billion in electricity-bill relief, cushioning end-user energy costs while increasing reliance on budget support rather than tariff cost recovery. New rooftop solar applicants were shifted to Net Plus, limiting grid-cost cross-subsidies by requiring users to meet their own nighttime demand. The sector also advanced a four-block Mannar Basin oil and gas licensing round.
The stories behind it
Auto-generated from 34 sector news articles over 14 days. Not investment advice.