ALFA Finder| 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)
Earnings Call Transcript filed with NSE, NSE: SOLARWORLD. Summary written with AI assistance from the document.
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.
More from Solarworld Energy Solutions Ltd
All →Solarworld Energy Solutions Results Update
Solarworld's Q2 FY27 Total Income rose 81.1%, but EBITDA and PAT fell year-on-year. The company also approved a solar cell joint venture.
Solarworld Energy Solutions Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue from operations rose 77% YoY to ₹2,439.7 Mn, but EBITDA margin fell to 5.9% (12.8%) and PAT dropped 55% to ₹41.9 Mn on raw-material and EPC pressure.
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
Solarworld Energy Solutions Board Meeting Date
Solarworld Energy Solutions will hold a board meeting on 13-Nov-2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 2026. The trading window stays closed until 48 hours after the results declaration.
Solarworld Energy Solutions Acquisition Worth ₹26.82 Cr
Solarworld Energy Solutions subscribed for 12,600 shares of Rays Green Energy, paying Rs.26.82 Crore as first tranche. It now holds 50% of Rays Green, with up to Rs.73.18 Crore balance pending.
- Value
- ₹26.82 Cr
Solarworld Energy Solutions Merger & Restructuring Worth ₹26.82 Cr
Solarworld paid Rs 26.82 Crore on October 30, 2026 as the first tranche of its equity subscription in Rays Green Energy Manufacturing, a 50-50 joint venture. Rays Green allotted 12,600 shares on October 31, 2026, and the balance of up to Rs 73.18 Crore is still due.
- Value
- ₹26.82 Cr