New Delhi, Apr 21: Indosolar Limited announced a robust financial performance for FY26, marking a significant turnaround driven by operational efficiencies, enhanced manufacturing capabilities, and strategic investments in technology.
For the full year FY26, the company reported revenue from operations of ₹679.85 crore, reflecting a 109.89% year-on-year growth compared to ₹323.91 crore in FY25. EBITDA stood at ₹270.75 crore, registering a 184.88% YoY increase, while Profit After Tax (PAT) surged to ₹246.60 crore, up 350.16% YoY.
The company also achieved a major milestone in production, with module output reaching 1,051 MW in FY26, significantly higher than 589 MW recorded in the previous year.
Q4 FY26 Performance
During the fourth quarter, revenue from operations stood at ₹83.10 crore, compared to ₹192.00 crore in Q4 FY25. The decline was attributed to a shift in revenue mix, with FY25 including substantial direct distribution and trading revenues, while FY26 saw increased contribution from tolling contracts.
Despite this, profitability remained strong:
- EBITDA: ₹64.33 crore (up 28.20% YoY)
- PAT: ₹42.00 crore (up 4.90% YoY)
- EBITDA Margin: 77.41%
- PAT Margin: 49.86%
Key Highlights
- Revenue growth of 109.89% YoY driven by improved operations and production scale
- EBITDA and PAT growth of 184.88% and 350.16% YoY, respectively
- Enhanced manufacturing output with over 1 GW module production
- Focus on cost optimization and operational efficiency improvements
Leadership Updates
The Board of Directors approved key leadership appointments:
- Appointment of Mr. Nilesh Bhogilal Gandhi as Additional Director (Non-Executive, Independent Director)
- Appointment of Mr. Abhishek Pareek as Chief Financial Officer and Key Managerial Personnel
Management Commentary
Commenting on the performance, Jignesh Rathod, Director and CEO, said:
“FY26 has been a significant year for Indosolar Limited. We close the year with strong revenue, EBITDA, and PAT growth, alongside 1,051 MW of module production—reflecting the remarkable progress of our business turnaround. Our focus on cost efficiency, operational excellence, and technology upgrades, including G12 solar module manufacturing, has strengthened our ability to deliver high-efficiency products aligned with market demand.”
