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Earnings Call

Solarium Green Energy Earnings Call: Key Takeaways

Solarium reports FY26 revenue of ₹368cr (up 60% YoY) and PAT of ₹20.5cr. Strategy shifting toward large ground-mounted EPC projects and in-house module manufacturing to optimize working capital and margins.

Why this was an Alfa AlertNot a filter event. While revenue growth is 60%, there was no specific prior numerical guidance provided to determine a beat.
Highlights
Revenue growth60% YoY to ₹368cr in FY26.
MarginsGross margins moderated to 30% due to EPC mix shift.
Order bookExecuted order book over ₹300cr; ₹185cr in large EPC projects.
Demand visibilityStrong pipeline of 300MW+ projects under active discussion.
Management confidenceHigh; confident in strategy shift to large EPC and manufacturing.

Growth

Revenue grew 60% to ₹368cr; EBITDA grew 31% to ₹35.3cr; PAT marginally higher at ₹20.5cr.

Outlook

Executing ₹303cr order book; target EBITDA margins 10-12% for FY27; commissioning 1.2GW module facility.

Risks

ALMM-2 regulatory impacts; higher finance costs due to manufacturing CAPEX; lower gross margins in EPC segment.

Last quarter's promises, checked

Delivered

  • Commission 1200 MTPA structure facility July 2025 → Delivered (= BEAT)
  • Expand residential to 25 cities/450 partners → Delivered (= BEAT)
  • Execute ₹229cr unexecuted order book by Q1 FY27 → Delivered ₹368cr FY26 revenue (= BEAT)

Partly delivered

  • Commission 1GW module plant mid-Jan 2026 → Current status 1.2GW facility commissioning (= PARTIAL)

Missed

  • Target 12-13% standalone manufacturing EBITDA → Delivered 9.6% overall (= MISS)
Source

Earnings Call filed with BSE, BSE: 544354. Summary written with AI assistance from the document.

Read the document ↗

Solarium Green Energy Ltd: key numbers

Share price
₹130.70
Market cap
₹272.7 Cr
Revenue (annual)
₹368.1 Cr
Net profit (annual)
₹20.46 Cr
P/E (TTM)
13.3×Sector 25.1×
Promoter holding
58.58%
FII holding
0.00%Current quarter

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

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