ALFA Finder
The call ran from 5:31 PM to 6:27 PM IST (56 min).
Key takeaways
Q2 revenue rose 77% to ₹244 Cr, but PAT fell 55% to ₹4.2 Cr. Management cut FY27 margin guidance from about 10.5% to 5–7% and calls the squeeze temporary, a claim it has now made after two earlier guidance resets.
| Revenue growth | +77% YoY Q2 to ₹244 Cr; H1 +100%; EBITDA declined. |
|---|---|
| Margins | Contracting: guidance cut from ~10.5% to 5–7%; Q2 EBITDA ~5.9%. |
| Order book | ₹3,856 Cr total; about 2.3x FY27 revenue guidance midpoint. |
| Demand visibility | Strong BESS orders (582 MW AC); EPC slowdown expected for 12 months. |
| Management confidence | Over-optimistic; calls FY28 a 'bumper year' despite guidance resets. |
Growth
Q2 revenue +77% YoY to ₹244 Cr; H1 +100% to ₹412 Cr. Q2 EBITDA fell to ₹15.2 Cr from ₹18.1 Cr, so revenue growth is not converting to profit.
Outlook
FY27 guide: revenue ₹1,600–1,700 Cr, PAT margin 5–6%, PAT ₹80–90 Cr. FY28 target: revenue ₹3,000 Cr, PAT ₹200–220 Cr.
Risks
Metal-price spikes hit fixed-price PSU EPC margins; FY27 margin cut to 5–7%; PAT down 55%; China export approvals pending for cell equipment.
Last quarter's promises, checked
Partly delivered
- Guided 1.2 GW cell line commercial ops by June 2027 → China export approvals pending (= PARTIAL)
- Guided BESS ₹800–1,000 Cr in FY27 → no BESS split; BESS ~50% of next-year rev (= PARTIAL)
Missed
- Guided ~₹2,000 Cr FY27 rev (70% of ₹2,800 Cr book) → ₹1,600–1,700 Cr guide (= MISS)
- Guided 8–11% overall margin → FY27 PAT margin guide 5–6% (= MISS)
- Guided 40–45% growth (FY26 top line ₹1,376 Cr) → FY27 guide ₹1,600–1,700 Cr (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Solarworld Energy Solutions Q2 FY27 Results: Net Profit ₹4.2 Cr, Down 54.8% YoY
Solarworld Energy Solutions Ltd reported revenue from operations of ₹244 Cr (+76.9% YoY) and net profit of ₹4.2 Cr (-54.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹4.2 Cr · -54.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided FY27 revenue of ₹2,000cr (40-45% growth); 1.2GW solar cell line operational by June 2027; targeting 60:40 BESS-to-Solar mix.
Growth they described
FY26 Total Income at ₹1,416cr; Q4 Revenue up 235% YoY to ₹591cr; FY26 PAT at ₹120.4cr (8.5% margin).
Call details
| Company | Solarworld Energy Solutions Ltd |
|---|---|
| NSE symbol | SOLARWORLD |
| ISIN | INE0TY101024 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 5:30 PM IST |
| Length | 56 min |
| Audio | Our stream on YouTube ↗ |
Solarworld Energy Solutions Ltd: key numbers
- Share price
- ₹112.27
- Market cap
- ₹973.1 Cr
- Revenue (annual)
- ₹1,376 Cr
- Net profit (annual)
- ₹120.5 Cr
- P/E (TTM)
- 8.7×Sector 21.5×
- Promoter holding
- 65.89%+0.12% QoQ
- FII holding
- 0.08%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Other calls on Fri, 13 Nov
Today's concalls →
