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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
39 announcements match the current filters (relevance ≥ 5).
Solex Energy FY26 Revenue Jumps 144% to ₹16,211 Mn; Targets ₹26,000 Mn Revenue for FY27
Solex Energy reported a stellar FY26 with revenue growing 144% YoY to ₹16,211 million and PAT rising 132.7% to ₹983 million. The company has a robust order book exceeding ₹34,000 million and has signed a ₹40,000 million MoU with the Gujarat government for backward integration into solar cells and BESS. Management has guided for a ₹26,000 million revenue target for FY27 with PAT margins expected between 6-8%. Operational efficiency improved significantly as the working capital cycle reduced from 61 to 35 days.
Key Highlights
FY26 revenue grew 144% to ₹16,211 million, while Q4 revenue jumped 247.6% to ₹8,858 million.
Order book visibility exceeds ₹34,000 million, supporting a FY27 revenue target of ₹26,000 million.
Signed ₹40,000 million MoU with Gujarat Government for 5GW solar cell and 10GW BESS facilities.
Operational efficiency improved with working capital cycle dropping to 35 days and ROE standing at 38.4%.
Net debt-to-equity remains healthy at 0.57:1 despite aggressive expansion plans.
👀 What to Watch
Investors should monitor the execution of the massive ₹40,000 million backward integration project and the impact of rising raw material costs on margins. The strong order book and improved working capital cycle provide a solid foundation for the targeted 60% revenue growth in FY27.
Solex Energy FY26 Revenue Surges 144% to ₹16,211 Mn; PAT Up 133% with ₹34,000 Mn Order Book
Solex Energy reported a stellar performance for FY26, with total revenue growing 143.9% YoY to ₹16,211 Mn and PAT increasing 132.7% to ₹983 Mn. The company achieved a significant milestone by expanding its module capacity to 4 GW and maintaining a robust order book of ₹34,000 Mn. Financial efficiency improved markedly, with the working capital cycle dropping from 61 to 35 days and ROE reaching a high of 38.4%. Management also unveiled an ambitious 'Vision 2030' involving a $1.5 billion investment for full backward integration into cells and wafers.
Key Highlights
FY26 Revenue grew 143.9% YoY to ₹16,211 Mn, with Q4FY26 revenue alone surging 247.6% YoY.
Net Profit (PAT) for FY26 rose 132.7% YoY to ₹983 Mn, resulting in an EPS of ₹88.88.
Order book and visibility stand at ₹34,000 Mn as of March 31, 2026, ensuring strong future revenue.
Return on Equity (ROE) and Return on Capital Employed (ROCE) stood at 38.4% and 31.7% respectively.
Announced $1.5 billion 'Vision 2030' plan to reach 10 GW capacity in modules, cells, and BESS.
👀 What to Watch
Investors should consider the massive growth and improving return ratios as a sign of strong execution; monitor the timely commissioning of the upcoming 2.2 GW cell line in 2027.
Solex Energy FY26 Revenue Surges 144% to ₹16,211 Mn; PAT Up 133%
Solex Energy reported a massive 143.9% YoY increase in FY26 revenue to ₹16,211 Mn, driven by a stellar Q4 performance where revenue grew 247.6%. Full-year net profit (PAT) rose by 132.7% to ₹983 Mn, with EPS more than doubling to ₹88.88 from ₹39.98 in the previous year. The company's operational efficiency improved significantly, with the working capital cycle reducing from 61 days to 35 days and operating cash flow reaching ₹2,007 Mn. With a robust order book of over ₹34,000 Mn and a planned $1.5 billion investment for Vision 2030, the company is positioning itself for massive scale in solar cells and BESS.
Key Highlights
Total Revenue for FY26 reached ₹16,211 Mn, a growth of 143.9% YoY, with Q4 revenue alone at ₹8,858 Mn.
Net Profit (PAT) for FY26 increased to ₹983 Mn (up 132.7% YoY) with a PAT margin of 6.1%.
Company maintains a strong balance sheet with ROE of 38.4%, ROCE of 31.7%, and a low Debt-to-Equity ratio of 0.57:1.
Order book stands at a healthy ₹34,000+ Mn, providing strong revenue visibility for the coming years.
Working capital cycle improved significantly to 35 days in FY26 from 61 days in FY25.
👀 What to Watch
Investors should view this as a high-growth play in the renewable sector, supported by strong execution and a massive order book. Monitor the progress of the ₹40,000 Mn Gujarat expansion and the transition to cell manufacturing as key future catalysts.
Solex Energy Approves FY26 Audited Results and Re-appoints Key Management Personnel
Solex Energy's Board has approved the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The statutory auditors, M/s Maheshwari & Co., issued an unmodified opinion, indicating no major accounting discrepancies. The company confirmed the re-appointment of Dr. Chetan Shah as Chairman and Managing Director, ensuring leadership continuity. Additionally, internal and cost auditors were re-appointed for FY 2026-27, and the insider trading policy was updated.
Key Highlights
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory Auditor M/s Maheshwari & Co. issued an unmodified audit report for FY26.
Re-appointed Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director.
Re-appointed M/s. Savjani & Associates as Internal Auditors and M/s. P.K. Chatterjee & Associates as Cost Auditors for FY27.
Revised the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).
👀 What to Watch
Investors should review the specific profit and revenue growth figures in the FY26 results to assess operational performance. The continuity in top management and a clean audit report provide a stable outlook for the company's governance.
Solex Energy Approves FY26 Audited Results and Re-appoints Key Management Personnel
Solex Energy's Board of Directors met on May 16, 2026, to approve the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The statutory auditors issued an unmodified opinion, indicating no material discrepancies in the financial reporting. The board also confirmed the re-appointment of Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director, ensuring leadership continuity. Additionally, internal and cost auditors were re-appointed for the 2026-27 financial year.
Key Highlights
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026
Statutory Auditor Maheshwari & Co. issued an unmodified audit report for the financial year
Re-appointed Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director
Re-appointed Savjani & Associates as Internal Auditor and P.K. Chatterjee & Associates as Cost Auditor for FY 2026-27
Revised the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
👀 What to Watch
Investors should monitor the detailed financial performance metrics for FY26 to evaluate growth; the unmodified audit opinion and management continuity provide a stable outlook.
Solex Energy Approves FY26 Audited Financial Results; Re-appoints Top Management
Solex Energy's board has approved the audited standalone and consolidated financial results for the fiscal year ending March 31, 2026. The statutory auditors, M/s Maheshwari & Co., issued an unmodified opinion, confirming the reliability of the financial statements. In a move to ensure leadership continuity, the board re-appointed Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director. The company also confirmed the re-appointment of its internal and cost auditors for the 2026-27 financial year.
Key Highlights
Approved audited standalone and consolidated financial results for the full year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion for the reporting period.
Re-appointed Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director.
Re-appointed M/s. Savjani & Associates as Internal Auditors and M/s. P.K. Chatterjee & Associates as Cost Auditors for FY 2026-27.
Revised the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).
👀 What to Watch
Investors should examine the detailed profit and loss statements once fully released to evaluate the company's operational performance. The re-appointment of key management suggests strategic stability, which is generally positive for long-term sentiment.
Solex Energy Q4 Revenue Surges 248% YoY; FY26 Revenue Crosses ₹1,600 Crore Milestone
Solex Energy reported a massive 248.1% YoY growth in Q4FY26 revenue, reaching ₹885.5 crore, driven by high demand for N-Type modules and improved capacity utilization. For the full year FY26, the company surpassed the ₹1,600 crore revenue milestone, marking a 144.3% growth over FY25. The company maintains a robust order book of over ₹4,000 crore, providing revenue visibility for the next 15-18 months. Execution of over 200 EPC projects across various sectors highlights their expanding market reach and operational efficiency.
Key Highlights
Q4FY26 revenue grew by 248.1% YoY to ₹8,855.3 million compared to ₹2,544.0 million in Q4FY25
Annual FY26 revenue reached ₹16,180.6 million, a 144.3% increase from ₹6,622.2 million in FY25
Current order book stands at over ₹4,000 crores, ensuring 15-18 months of revenue visibility
Successfully executed 200+ diverse EPC projects across solar parks and industrial sectors in FY26
Operates a state-of-the-art 4 GW fully automated manufacturing facility in Tadkeshwar, Gujarat
👀 What to Watch
Investors should focus on the company's ability to maintain margins while scaling and monitor the execution of the ₹4,000 crore order book. The significant revenue jump and capacity expansion under the ALMM framework position the company well for India's renewable energy push.
Solex Energy Signs ₹4,000 Cr MoU with Gujarat for 5GW Solar Cell & 10GW BESS Project
Solex Energy has entered into a landmark Memorandum of Understanding with the Government of Gujarat for a massive ₹4,000 crore investment in a renewable energy manufacturing ecosystem. The project includes a 5 GW solar cell manufacturing facility to be developed in phases and a 10 GW Battery Energy Storage System (BESS) facility. This strategic move marks the company's entry into high-value cell production and large-scale energy storage, significantly expanding its vertical integration. The project is expected to bolster domestic manufacturing and align with India's 2030 clean energy vision.
Key Highlights
Proposed investment of approximately ₹4,000 crore in an integrated manufacturing ecosystem in Gujarat.
Establishment of a 5 GW Solar Cell manufacturing facility (Phase I: 2 GW, Phase II: 3 GW).
Development of a 10 GW Battery Energy Storage System (BESS) manufacturing facility.
Project supported by the Government of Gujarat and high-level Central Government ministers.
Strategic shift to reduce import dependence and enhance domestic renewable energy self-reliance.
👀 What to Watch
Investors should monitor the company's capital raising plans to fund this ₹4,000 crore project and the specific timelines for Phase I commissioning. The entry into BESS and cell manufacturing significantly upgrades the company's long-term growth profile and market positioning.
Solex Energy Signs ₹4,000 Cr MoU with Gujarat Govt for 5GW Solar Cell & 10GW BESS Plants
Solex Energy Limited has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat for a massive expansion in the renewable energy sector. The project involves setting up a 5 GW Solar Cell manufacturing plant and a 10 GW Battery Energy Storage System (BESS) facility. The total estimated project cost is ₹4,000 Crore, which includes land and building infrastructure. The solar cell plant will be developed in two phases, starting with a 2 GW capacity followed by a 3 GW expansion.
Key Highlights
Total estimated project investment of ₹4,000 Crore for manufacturing facilities in Gujarat
Establishment of a 5 GW Solar Cell manufacturing plant to be developed in two phases (2 GW and 3 GW)
Setting up a large-scale 10 GW Battery Energy Storage System (BESS) facility
Strategic partnership with the Government of Gujarat to facilitate large-scale green energy production
👀 What to Watch
Investors should closely monitor the company's capital raising plans to fund this ₹4,000 Crore project and the execution timeline for Phase I. This expansion significantly elevates the company's profile in the solar value chain and energy storage market.
Solex Energy Promoters Sign 12 SPAs for Inter-se Transfer of Over 6.65% Equity Stake
Solex Energy Limited has reported that its promoters entered into 12 Share Purchase Agreements on April 17, 2026, for the inter-se transfer of equity shares. Dr. Chetan Shah is acquiring stakes from several other promoters, including 2.49% from Mr. Pukhraj Agrawal and 1.2% from Mr. Piyush Chandak. This move is intended for internal re-alignment within the promoter group and does not affect the company's business operations or financials. The total stake involved in the documented transfers is approximately 6.65%.
Key Highlights
Promoters executed 12 inter-se Share Purchase Agreements (SPAs) on April 17, 2026.
Dr. Chetan Shah is consolidating holdings by acquiring stakes from at least seven listed promoter members.
Significant individual transfers include a 2.49% stake from Pukhraj Agrawal and 1.2% from Piyush Chandak.
The company confirmed the transaction has no impact on its financial position or business operations.
👀 What to Watch
No immediate action is required as this is an internal promoter restructuring that does not change the total promoter holding. Investors should simply note the consolidation of shares under Dr. Chetan Shah.
Solex Energy Enlists 3.78 GW Solar Module Capacity in MNRE's ALMM List
Solex Energy Limited has successfully enlisted 3.78 GW (3782 MW) of its solar module manufacturing capacity in the Ministry of New and Renewable Energy's (MNRE) Approved List of Models and Manufacturers (ALMM). This enlistment covers high-efficiency bifacial N-Type TOPCon modules with power ratings reaching up to 625 Wp. Being on the ALMM list is a mandatory requirement for supplying solar modules to government-subsidized projects and public procurement initiatives in India. This development significantly expands Solex's market reach and competitive positioning in the domestic renewable energy sector.
Key Highlights
Enlisted 3,782 MW (3.78 GW) of annual solar module manufacturing capacity under the MNRE ALMM framework.
Modules included in the listing feature high-efficiency bifacial N-Type TOPCon technology with ratings up to 625 Wp.
The manufacturing facility located in Tadkeshwar, Surat, is Industry 4.0 enabled and fully automated.
ALMM certification allows the company to participate in government-funded solar projects and public procurement programs.
👀 What to Watch
This regulatory milestone significantly increases Solex's addressable market in India, particularly for government-linked projects. Investors should monitor upcoming tender wins and order book growth as a result of this certification.
Solex Energy Q3 Revenue Surges 135% YoY; Targets INR 1,800 Cr Revenue in FY26
Solex Energy reported a robust 135.3% YoY revenue growth in Q3 FY26, reaching INR 319.4 crore, driven by the commencement of its 2.2 GW manufacturing facility. Despite the revenue surge, margins were temporarily pressured by higher fixed costs and ramp-up expenses associated with the new plant. The company maintains a strong order book exceeding INR 4,000 crore and has guided for a full-year revenue of INR 1,700-1,800 crore. Management expects margin normalization in Q4 as capacity utilization improves and EPC projects are executed.
Key Highlights
Q3 FY26 revenue grew 135.3% YoY to INR 319.4 crore, while 9M FY26 revenue rose 79.3% to INR 735.1 crore.
Successfully commissioned 2.2 GW solar PV module facility in November 2025, bringing total capacity to 4 GW.
Order book visibility exceeds INR 4,000 crore, including recent wins of INR 544 crore and INR 289 crore.
Management targets FY26 revenue of INR 1,700-1,800 crore with expected PAT margins of 6-8%.
Strategic roadmap includes scaling to 10 GW module and cell capacity by 2030, with cell production starting in 2027.
👀 What to Watch
Investors should monitor the execution of the massive order book in Q4 and the stabilization of margins as the new 2.2 GW capacity ramps up. The long-term integration into cell manufacturing and BESS provides a strong growth narrative.
Solex Energy Targets 10 GW Capacity by 2030 with INR 40,000 Mn Order Visibility
Solex Energy has outlined an ambitious growth roadmap, aiming to scale its solar module and cell manufacturing capacity to 10 GW each by 2030. The company currently boasts a massive order book visibility of over INR 40,000 Mn as of December 31, 2025, providing strong revenue foresight. Financial performance in FY25 was robust, with revenue growing 81% YoY to INR 6,658 Mn and PAT surging 383% to INR 422 Mn. The company is transitioning into a fully integrated solar player by foraying into cell, ingot wafer, and BESS manufacturing.
Key Highlights
Order book and visibility stand at a robust INR 40,000+ Mn as of December 31, 2025.
Planned expansion to 10 GW module and 10 GW cell capacity by 2030 from current 4 GW module capacity.
FY25 EBITDA increased by 161% YoY to INR 796 Mn, with a healthy ROCE of 27.4%.
Commissioning of a new 2.2 GW N-type TOPCon cell line expected by 2027 to drive backward integration.
Strategic focus on high-efficiency technology with the launch of Tapi-R series modules achieving up to 24.6% efficiency.
👀 What to Watch
Investors should focus on the company's ability to execute its massive capacity expansion and backward integration into cell manufacturing by 2027. The high order book-to-bill ratio suggests strong demand, but monitoring the debt levels during this heavy CAPEX phase is advised.
Solex Energy Reports 79% Revenue Growth in 9MFY26; Targets ₹1,800 Cr Revenue for FY26
Solex Energy reported a strong performance for 9MFY26 with revenue growing 79.3% YoY to ₹7,351 Mn and PAT increasing 45.3% to ₹394 Mn. The company successfully commenced commercial production at its 2.2 GW solar PV module facility in November 2025, which is expected to drive significant scale and operational efficiency. With a robust order book visibility exceeding ₹4,000 Crores, including recent wins worth over ₹830 Crores, management has set an ambitious FY26 revenue target of ₹1,700–1,800 Crores. Strategic partnerships with German and Malaysian firms further bolster their technology roadmap towards high-efficiency N-Type and Rear Contact modules.
Key Highlights
9MFY26 Revenue surged 79.3% YoY to ₹7,351 Mn, while Q3 FY26 revenue skyrocketed 135.3% YoY to ₹3,194 Mn.
Commenced commercial production at the 2.2 GW Tadkeshwar facility in Nov 2025, bringing total module capacity to 4 GW.
Order book visibility exceeds ₹4,000 Crores, including a major ₹544.62 Cr order from Zelestra Group for N-Type TOPCon modules.
Management targets FY26 revenue of ₹1,700–1,800 Crores, supported by the new facility ramp-up.
Unveiled India’s first Rear Contact Solar Module with 24.60% efficiency potential in partnership with ISC Konstanz, Germany.
👀 What to Watch
Investors should monitor the capacity utilization of the new 2.2 GW facility and the timely execution of the ₹4,000 Cr order book. The company's transition to high-efficiency N-Type modules and planned cell manufacturing by 2027 are significant long-term growth drivers.
Solex Energy Q3 FY26 Consolidated PAT at ₹8.87 Cr; Revenue Surges 136% QoQ
Solex Energy reported a consolidated revenue of ₹317.90 crore for Q3 FY26, representing a strong sequential growth of 136% compared to Q2 FY26. However, on a year-on-year basis, revenue declined by 22% from ₹407.82 crore in Q3 FY25. Net profit followed a similar trend, rising 53% QoQ to ₹8.87 crore but falling 37% YoY from ₹14.02 crore. While the 9-month revenue shows a 10.6% YoY growth, overall profitability for the 9-month period remains lower than the previous year.
Key Highlights
Consolidated Revenue for Q3 FY26 stood at ₹317.90 crore, up 136% sequentially from ₹134.66 crore in Q2 FY26.
Consolidated PAT for the quarter reached ₹8.87 crore, compared to ₹5.78 crore in the previous quarter.
9M FY26 Revenue increased to ₹732.53 crore from ₹662.22 crore in 9M FY25, a growth of 10.6%.
9M FY26 PAT declined to ₹27.10 crore from ₹39.36 crore in the corresponding period last year.
The company's subsidiary, Solex Green Energy, contributed ₹72.75 crore to the quarterly revenue.
👀 What to Watch
Investors should focus on the strong sequential recovery in revenue and margins while monitoring the year-on-year decline in profitability. The company's migration to the Main Board and expansion into cell manufacturing through its new subsidiary are key long-term triggers to watch.
Solex Energy Q3 FY26 Results: Revenue at ₹317.9 Cr, Profit at ₹8.87 Cr; QoQ Growth but YoY Decline
Solex Energy reported a consolidated revenue of ₹3,179.02 million for Q3 FY26, showing a strong sequential recovery of 136% compared to Q2 FY26. However, on a year-on-year basis, revenue declined by 22% from ₹4,078.21 million in Q3 FY25. Net profit for the quarter stood at ₹88.71 million, up from ₹57.84 million in the previous quarter but down from ₹140.22 million in the same period last year. For the nine-month period, while revenue grew by 10.6%, net profit dropped by 31%, indicating significant margin compression.
Key Highlights
Consolidated Revenue for Q3 FY26 stood at ₹3,179.02 million, a 136% increase over Q2 FY26.
Net Profit for the quarter reached ₹88.71 million, showing sequential growth but a 36.7% decline YoY.
9M FY26 Revenue increased to ₹7,325.31 million from ₹6,622.23 million in the previous year.
9M FY26 Net Profit fell to ₹270.99 million compared to ₹393.63 million in 9M FY25.
Basic EPS for the quarter was ₹8.07, down from ₹13.01 in the corresponding quarter of the previous year.
👀 What to Watch
Investors should monitor the company's ability to manage rising costs as 9-month profits have declined despite revenue growth. While the sequential recovery is a positive sign, the year-on-year margin contraction warrants a cautious outlook.
Solex Energy Secures ₹289.84 Crore Order for Solar PV Modules
Solex Energy Limited has secured a significant work order valued at ₹289.84 crore from a renowned Independent Power Producer. The contract involves the supply of advanced N-Type TOPCon 615 Wp and 620 Wp Glass-to-Glass Solar PV Modules. This announcement is a revision of a previous disclosure to clarify that the total value is inclusive of all applicable taxes. This large-scale order underscores the company's growing presence in the high-efficiency solar technology segment.
Key Highlights
Total work order value confirmed at ₹289.84 crore inclusive of taxes
Contract involves supply of N-Type TOPCon 615 Wp and 620 Wp Glass-to-Glass Solar PV Modules
Order received from a prominent Independent Power Producer (IPP)
Revised intimation clarifies the inclusion of taxes in the total contract value
👀 What to Watch
Investors should monitor the execution timeline and the impact of this order on the company's upcoming quarterly revenues. The adoption of TOPCon technology is a positive sign for the company's long-term technical competitiveness.
Solex Energy Secures ₹289.84 Crore Order for High-Efficiency Solar PV Modules
Solex Energy Limited has bagged a significant work order worth ₹289.84 crore from a renowned Independent Power Producer. The contract involves the supply of advanced N-Type TOPCon 615 Wp and 620 Wp Glass-to-Glass (G12R) Solar PV Modules. This announcement serves as a revision to a previous disclosure to clarify that the total value is inclusive of all applicable taxes. This large-scale order reinforces the company's position in the high-efficiency solar manufacturing segment.
Key Highlights
Total work order value is ₹289.84 Crore inclusive of all taxes
Supply of high-efficiency N-Type TOPCon 615 Wp and 620 Wp Glass-to-Glass modules
Contract awarded by a renowned Independent Power Producer (IPP)
Revised intimation clarifies the inclusion of taxes in the previously reported figure
👀 What to Watch
Investors should view this as a major revenue visibility event and monitor the company's execution timeline and impact on upcoming quarterly earnings. The shift towards N-Type TOPCon technology indicates the company is successfully upgrading its product mix to meet modern solar standards.
Solex Energy Partners with TT Vision to Advance Solar Automation
Solex Energy Limited has partnered with Malaysia's TT Vision to enhance solar manufacturing automation and talent development in India. The non-binding MoU aims to strengthen India's renewable energy manufacturing ecosystem. TT Vision will provide specialized technical training to Solex engineers, focusing on automation and inspection systems. Solex will gain preferential access to TT Vision’s automation technologies to support R&D and process optimization. The MoU is valid for an initial 36-month term.
Key Highlights
Solex Energy has a 4 GW production capacity for PV modules.
The MoU is valid for an initial 36-month term.
TT Vision will provide specialized technical training to Solex engineers in Penang, Malaysia.
Solex will assist TT Vision’s India entry by providing guidance on manufacturing setup.
👀 What to Watch
Investors should monitor the progress of this partnership and its impact on Solex Energy's manufacturing capabilities and market position. Keep an eye on future definitive agreements related to jointly developed technologies.
