| 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
- ₹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 Investor Presentation: Key Takeaways
Solex Energy reports Q1 FY27 revenue of ₹2,656 Mn (up 1.8% YoY) despite seasonal softness. Strategy centers on massive backward integration into solar cell manufacturing and BESS.
- Call
- Guides 73% growth