ALFA Finder| Revenue growth | 1.8% YoY |
|---|---|
| Margins | Targeting 5-6% PAT margin for FY27 |
| Order book | Approximately ₹3,400 Cr across various stages |
| Demand visibility | Executable pipeline of ₹845.84 Cr by Dec 2026 |
| Management confidence | High for H2 execution |
Growth
Revenue grew 1.8% YoY; EBITDA Margin compressed to 12.7% from 16.4%; PAT stood at ₹8.3 Cr.
Outlook
Targets 55% utilization for FY27; ₹1,050 Cr capex for 2.2GW cell line; Revenue guidance and 5-6% PAT margin maintained.
Risks
Seasonal H1 softness, ALMM policy uncertainty causing delivery rescheduling, and higher finance costs from working capital debt.
Last quarter's promises, checked
Delivered
- Guided FY26 Revenue ₹16,211M → delivered ₹16,211M (= BEAT)
- Guided FY26 EBITDA ₹1,867M → delivered ₹1,867M (= BEAT)
- Guided FY26 PAT ₹983M → delivered ₹983M (= BEAT)
Partly delivered
- Guided 55% FY27 utilization → Q1 results show H1 seasonal softness (= PARTIAL)
- Guided 6-8% PAT margin → Q1 at 3.1% (= PARTIAL)
Missed
- Guided FY27 Revenue ₹26,000M → Q1 run-rate ₹2,656M (= MISS)
Earnings Call Transcript filed with NSE, NSE: SOLEX. Summary written with AI assistance from the document.
Solex Energy Ltd: key numbers
- Share price
- ₹663.45
- Market cap
- ₹716.7 Cr
- Revenue (annual)
- ₹1,618 Cr
- Net profit (annual)
- ₹96.01 Cr
- P/E (TTM)
- 9.0×Sector 44.3×
- Promoter holding
- 66.15%+0.00% QoQ
- FII holding
- 0.32%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 Other Announcement
Solex Energy's RTA, KFin Technologies, is moving its corporate office from Gachibowli to Kokapet, Hyderabad, effective December 1, 2026. The registered office remains unchanged.
Solex Energy Price Movement Clarification
Solex Energy clarified to the exchange that no specific US market negotiations exist. The company confirmed no unpublished material information requiring disclosure.
Solex Energy Board Meeting Date
Solex Energy Limited has informed BSE of a board meeting on 6 November 2026 to consider unaudited standalone and consolidated quarterly results for the period ended September 2026. The trading window closes on 8 November 2026.
Solex Energy Product Launch
Solex Energy unveiled TAPI RQ, India's first N-Type Quarter Cell Solar Module, at REI 2026. The module offers up to 670 Wp output and 24.80% efficiency.
Solex Energy Convertible Warrants
Solex Energy's subsidiary, Solex New Energy Private Limited, approved the issuance of Compulsorily Convertible Debentures (CCDs) aggregating to ₹150 Crore, convertible into the holding company's shares.
- Value
- ₹150.0 Cr
Solex Energy Other Announcement
Solex Energy announced that the proposed Shareholders' Agreement among promoters was not executed within the stipulated tenure. The parties have decided not to proceed with it.