| Management target | Revenue 73.0% FY28E |
|---|
| Revenue growth | 1.76% YoY for Q1FY27. |
|---|---|
| Margins | EBITDA margin at 12.7% (Q1FY27) vs 16.4% (Q1FY26). |
| Order book | ₹3,400 Cr total visibility; recent wins include ₹628.37 Cr N-Type order. |
| Demand visibility | Strong; ₹3,400 Cr order book and visibility as of June 2026. |
| Management confidence | High; citing intact order book and long-term tech platform scaling. |
Growth
Revenue up 1.76% YoY to ₹2,656 Mn; EBITDA at ₹338 Mn. PAT fell to ₹83 Mn from ₹247 Mn YoY.
Outlook
Aims for ₹45,000 Mn revenue by FY28E. Planning ₹1,050 Cr capex for 2.2 GW solar cell line by 2027.
Risks
Seasonal industry softness and market wait-and-watch mode due to ALMM timeline clarifications.
Last quarter's promises, checked
Delivered
- Execute IPP order by end of May 2026 → Order execution on track (= BEAT)
- Maintain high growth trajectory → Q1 revenue up 1.8% YoY (= BEAT)
Partly delivered
- Targeting ₹26,000 Mn revenue for FY27 → Q1 revenue ₹2,656 Mn (approx 10% of target) (= PARTIAL)
Missed
- Targeting PAT margin 6% to 8% for FY27 → Q1 PAT margin at 3.1% (= MISS)
Investor Presentation filed with NSE, NSE: SOLEX. Summary written with AI assistance from the document.
Solex Energy Ltd: key numbers
- Share price
- ₹705.20
- Market cap
- ₹761.8 Cr
- Revenue (annual)
- ₹1,618 Cr
- Net profit (annual)
- ₹96.01 Cr
- P/E (TTM)
- 9.5×Sector 45.9×
- Promoter holding
- 66.15%+0.00% QoQ
- FII holding
- 0.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Solex Energy Ltd
All →Solex Energy Business Update
Solex Energy outlined a ₹4,000 crore investment plan for solar cell and BESS capacity expansion. Targets 2.2 GW cell capacity by FY28 and ₹4,500 crore revenue potential.
- solar cell manufacturing capacity
- 2.2 GW
Solex Energy Annual General Meeting
Solex Energy Ltd filed proceedings of its 12th AGM held September 22, 2026. Key resolutions included FY26 financials adoption and Rs. 0.55 per share final dividend.
Solex Energy Board Meeting Outcome
Solex Energy recommended a dividend of Rs. 0.55 per share for FY26 and approved a proposal for listing on the BSE Mainboard.
Solex Energy Bags ₹74.77 Cr Order from Domestic entities
Solex Energy Limited has secured work orders worth ₹74.77 Crore from domestic entities. The contracts involve the manufacture and supply of Solar PV Modules by December 2026.
- Value
- ₹74.77 Cr
- From
- Domestic entities
- Execution
- By December 2026
Solex Energy Board Meeting Date
Solex Energy Limited has scheduled a board meeting for August 14, 2026. The board will consider and approve unaudited financial results for the quarter ended June 30, 2026.
Solex Energy Earnings Call Transcript: Key Takeaways
Solex Energy reported Q1 FY27 revenue of ₹265.6 Cr, up 1.8% YoY. Strategy focuses on H2-weighted utility-scale module supply and backward integration into cell manufacturing.