Solex Energy Q4 profit more than quadruples to ₹58 crore; revenue climbs 3.5X – CNBC TV18

Gujarat-based solar solutions provider Solex Energy Ltd on Saturday (May 16) reported a 304% year-on-year rise in net profit for the fourth quarter at ₹57.9 crore, compared with ₹14.3 crore in the corresponding quarter last year. PAT margin for Q4FY26 stood at 6.6%, expanding by 71 basis points year-on-year.

Revenue for the quarter increased 248% year-on-year to ₹885.5 crore from ₹254.4 crore a year earlier. EBITDA rose 251% to ₹98.3 crore during the quarter, compared with ₹28 crore in the year-ago period. EBITDA margin stood at 11.1% for the quarter, compared with 11% in the corresponding quarter last year.

The company reported FY26 total income of ₹1,621.1 crore, up 143.9% year-on-year. EBITDA for FY26 rose 134.6% year-on-year to ₹186.7 crore, with EBITDA margin at 11.5%. Profit after tax increased 132.7% year-on-year to ₹98.3 crore.

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Dr Chetan Shah, Chairman and Managing Director of Solex Energy, said, “Solex Energy has delivered a standout performance in FY26, reinforcing its position as one of India’s fastest-growing integrated solar energy companies. The Company’s sharp 143.9% revenue growth and disciplined execution underscore its capability to scale operations while maintaining high quality and efficiency standards.

The year highlights Solex’s successful transition from a manufacturing-focused organisation to a fully integrated clean energy enterprise with global ambitions. Our strategic investments in advanced technologies such as TOPCon modules, coupled with ALMM certification, place the company in a strong position to capitalise on the accelerating demand for high-efficiency solar solutions both domestically and internationally.

The company said its board has approved the re-appointment of Dr Chetan Shah, who is retiring by rotation, as a director at the ensuing Annual General Meeting (AGM). The board also approved the re-appointment of Kalpeshkumar Patel, who is retiring by rotation, as a director at the ensuing AGM.

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In a separate decision, the board approved the re-appointment of Dr Chetan Shah as Chairman and Managing Director of the company. The company further approved the re-appointment of Piyush Chandak as Whole-Time Director.

On Saturday (May 15), shares of Solex Energy Ltd ended at ₹1,325.00, up by ₹74.00, or 5.92%, on the NSE.

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