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Earnings Call

Alpex Solar Earnings Call: Key Takeaways

Alpex Solar achieved record performance in FY26, with Revenue reaching ₹2,223 Cr and PAT of ₹201 Cr, while ranking 26th globally among PV manufacturers.

Highlights
Revenue growth2.85x growth in FY26 reaching ₹2,223.27 Cr.
MarginsEBITDA margin at 14.73%; expected to nearly double with cell manufacturing.
Demand visibilityStrong domestic solar market access supported by ALMM roadmap.
Management confidenceHigh; founder highlights FY26 as best year since inception.

Growth

Revenue grew 2.85x YoY to ₹2,223.27 Cr; PAT surged 2.41x YoY to ₹201.51 Cr.

Outlook

Targeting 3.6GW module and 2.2GW cell capacity by FY27; planned 5GW solar glass/wafer capacity by FY30.

Risks

Geopolitical supply chain disruptions for input materials and increased input costs are noted headwinds.

Source

Earnings Call filed with NSE, NSE: ALPEXSOLAR. Summary written with AI assistance from the document.

Read the document ↗

Alpex Solar Ltd: key numbers

Share price
₹862.65
Market cap
₹2,111 Cr
Revenue (annual)
₹2,223 Cr
Net profit (annual)
₹201.5 Cr
P/E (TTM)
10.5×Sector 25.1×
Promoter holding
65.90%+0.00% QoQ
FII holding
3.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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solar cell manufacturing capacity
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