Insolation Energy Limited (INA)
₹73.64 +0.63% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Insolation Energy's revenue was ₹741 Cr (+104.6% year on year, -6.7% on the previous quarter), and net profit ₹38.0 Cr (-11.6% year on year); the operating margin was 9.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹741 | +104.6% | -6.7% |
| Operating profit | ₹72.2 | +26.6% | -35.0% |
| Net profit | ₹38.0 | -11.6% | -45.7% |
| EPS (₹) | 1.73 | -11.3% | -45.6% |
| Operating margin | 9.7% | — | — |
INA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 39.33% of the INA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 49.65%. That is lower than usual for this stock.
Delivery in the last 5 sessions: 53.7% · 54.1% · 49.4% · 61.1% · 39.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Insolation Energy Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests were received from members for rematerialisation during the quarter. This is a purely administrative compliance filing confirming share registry integrity.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- RTA Bigshare Services confirmed zero rematerialisation requests received during the quarter
- Filing executed on October 08, 2026
Insolation Energy Limited has released the voting results and scrutinizer's report for its 11th Annual General Meeting held on September 28, 2026. All 8 resolutions were approved by shareholders with over 99% majority of votes cast, including the re-appointment of Chairman Manish Gupta and MD Vikas Jain for 5-year terms. Notably, shareholders approved a special resolution enabling hypothecation/mortgage of company assets under Section 180(1)(a) up to Rs 5,000 crore. Additionally, M/s. ARS & Company was appointed as the new Statutory Auditor replacing M/s. Badaya & Co.
- Shareholders approved an asset encumbrance/mortgage limit under Section 180(1)(a) up to Rs 5,000 crore with 99.11% votes in favor
- Manish Gupta re-appointed as Chairman & Whole Time Director for 5 years with 99.28% approval
- Vikas Jain re-appointed as Managing Director for 5 years with 99.28% approval
- M/s. ARS & Company appointed as Statutory Auditors, approved with 99.92% affirmative votes
- Total voter turnout was 67.93% across 14,97,52,930 votes polled out of 22,04,49,375 total shares
Insolation Energy Limited's Nomination and Remuneration Committee approved the allotment of 46,750 fully paid-up equity shares of face value Re. 1 each under its ESOP 2024 scheme. Consequently, the company's paid-up share capital increased from Rs. 22,04,51,875 to Rs. 22,04,98,625. The dilution from this allotment is marginal at approximately 0.02% of the pre-allotment equity base. This is a routine administrative filing following the exercise of vested employee options.
- Allotment of 46,750 fully paid-up equity shares under ESOP 2024
- Face value of the allotted shares is Re. 1/- each
- Paid-up equity shares increased from 22,04,51,875 to 22,04,98,625
- Total paid-up equity share capital expanded to Rs. 22,04,98,625
Insolation Energy Limited has issued an intimation regarding the dispatch of physical communication to shareholders whose email IDs are not registered, providing weblinks for the FY2025-26 Annual Report. The company's 11th Annual General Meeting (AGM) will take place via video conferencing on September 28, 2026, at 3:00 PM IST. The cut-off date to determine e-voting eligibility has been fixed as September 21, 2026. Remote e-voting commences on September 23, 2026, and concludes on September 27, 2026.
- 11th AGM scheduled for Monday, September 28, 2026, at 03:00 PM IST via VC/OAVM
- Cut-off date for shareholder e-voting eligibility set for September 21, 2026
- Remote e-voting window open from September 23, 2026 (9:00 AM) to September 27, 2026 (5:00 PM IST)
- Communication sent to shareholders without registered email IDs with FY2025-26 Annual Report weblink
Insolation Energy Limited has issued notice for its 11th Annual General Meeting scheduled on September 28, 2026, with the voting cut-off date set as September 21, 2026. In the accompanying Annual Report for FY2025-26, the company highlighted scaling its operational solar module manufacturing capacity to 5.5 GW per annum following the commissioning of a 4.5 GW facility in Sawarda, Jaipur. The company also outlined ongoing backward integration projects, including a 4.5 GW solar cell line and an 18,000 MT per annum aluminum frame facility in Madhya Pradesh.
- 11th AGM scheduled for September 28, 2026, via Video Conferencing
- Record/cut-off date for remote e-voting fixed as September 21, 2026
- Operational solar PV module capacity reached 5.5 GW per annum after commissioning 4.5 GW facility
- Setting up 4.5 GW solar cell capacity and 18,000 MT/year aluminum frame manufacturing in Narmadapuram, MP
Insolation Energy Limited announced that its representatives participated in a Non-Deal Roadshow in Mumbai on August 26, 2026. The filing is a follow-up to the previous disclosure dated August 21, 2026. The company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared or discussed during the roadshow. In the latest reported quarter ended June 2026, the company posted revenue of Rs 740.70 crore and a net profit of Rs 38.02 crore.
- Non-deal roadshow completed on 26th August, 2026 in Mumbai
- Follows the earlier intimation submitted on 21st August, 2026
- Company confirmed no Unpublished Price Sensitive Information (UPSI) was shared
Insolation Energy's wholly owned subsidiary, Insolation Green Energy Private Limited, has received a Letter of Award (LOA) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for 9 solar power projects aggregating 99 MW AC (128.7 MW DC). The projects will be developed under Mukhyamantri Saur Krushi Vahini Yojana - 2.0 with an estimated capital outlay of approximately ₹425 crore (including GST). Based on a fixed levelized tariff of ₹2.90 per unit, the assets are expected to generate ~20.59 crore units and ₹59.72 crore in revenue per annum under a 25-year Power Purchase Agreement (PPA). The plants must be commissioned within 18 months from the date of PPA execution.
- LOA awarded for 9 solar power plants totaling 99 MW AC (128.70 MW DC) in Maharashtra
- Projected annual revenue of ₹59.72 crore for 25 years at a levelized tariff of ₹2.90/kWh
- Project entails a capital expenditure of approximately ₹425 crore (inclusive of GST)
- Commissioning schedule set within 18 months from formal PPA execution
Insolation Energy Limited has announced that company representatives will participate in a physical Non-Deal Roadshow on August 26, 2026, in Mumbai. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the interactions. This is a standard investor relations engagement with no direct impact on financials.
- Non-Deal Roadshow scheduled for August 26, 2026
- Meeting format confirmed as in-person physical interaction in Mumbai
- Company confirmed zero sharing of Unpublished Price Sensitive Information (UPSI)
Insolation Energy reported a 105.37% YoY surge in Q1 revenue to ₹745.40 Cr, delivering an EBITDA of ₹76.87 Cr (10.31% margin) and PAT of ₹38.02 Cr. The company maintains an active module manufacturing capacity of 5.5 GW, backed by a robust order book exceeding 2.1 GW from clients like NTPC, L&T, and MEIL. Strategic backward integration is underway, including a 4.5 GW TOPCon cell facility (targeted COD: Q4 FY26) and an 18,000 MTPA aluminum frame plant. Additionally, INA is executing over 400 MW of IPP and EPC projects across utility and PM-KUSUM segments.
- Q1 revenue surged 105.37% YoY to ₹745.40 Cr, with PAT reaching ₹38.02 Cr and EBITDA at ₹76.87 Cr (10.31% margin)
- Order book stands at over 2.1 GW, supported by execution visibility across government, IPP, and EPC channels
- Module manufacturing capacity currently stands at 5.5 GW, with ~400 MW of project execution pipeline underway
- Backward integration on track with a 4.5 GW TOPCon cell line (COD targeted Q4 FY26) and 18,000 MTPA aluminum frame plant
Insolation Energy (INA) reported a massive 105.37% YoY revenue jump to ‡745.40 Cr in Q1FY27, driven by strong demand in utility-scale and C&I segments. However, Net Profit declined 11.83% YoY to ‡38.02 Cr as EBITDA margins contracted from 15.93% to 10.31% due to input cost inflation. The company maintains a robust order book of 2.1+ GW, further bolstered by a post-quarter ‡558.29 Cr order from NTPC Renewable Energy. A significant ‡1,500 Cr capex is earmarked for FY27 to fund backward integration into TOPCon solar cells and aluminium frames.
- Revenue surged 105.37% YoY to ‡745.40 Cr in Q1FY27
- Secured a ‡558.29 Cr order from NTPC, representing ~26% of FY26 consolidated revenue
- Order book exceeds 2.1 GW providing strong forward revenue visibility
- Planned FY27 capex of ‡1,500 Cr for backward integration into 4.5 GW TOPCon cells
- EBITDA margins compressed to 10.31% from 15.93% in the previous year's quarter
Insolation Energy Limited (INA) has approved the grant of 7,500 stock options to eligible employees under its ESOP 2024 plan. This grant represents Tranche 8 of a total pool of 20,00,000 options. The exercise price is set at Rs 3.80 per option, with a minimum vesting period of one year from the grant date of August 12, 2026. The move is intended as a retention tool to align employee interests with long-term value creation.
- 7,500 options granted in Tranche 8 of the ESOP 2024 plan
- Exercise price fixed at Rs 3.80 per option
- Total plan capacity is 20,00,000 options
- Minimum vesting period of 1 year from the grant date
- Options have a face value of Re 1 each
Insolation Energy Limited has approved the allotment of 2,500 equity shares of face value Re. 1 each under its Employee Stock Option Plan 2024. The shares were issued at an exercise price of Rs. 3.8 per share, which includes a premium of Rs. 2.8. This allotment results in a negligible equity dilution of approximately 0.0011% based on the post-allotment share capital of 22,04,51,875 shares. The new shares will rank pari passu with existing equity shares.
- Allotment of 2,500 fully paid-up equity shares following the exercise of vested options.
- Exercise price fixed at Rs. 3.8 per share, including a premium of Rs. 2.8.
- Total paid-up equity capital increased from 22,04,49,375 to 22,04,51,875 shares.
- The allotment represents a minimal dilution of ~0.0011% of the total share capital.
Insolation Energy (INA) reported a massive 104.7% YoY surge in consolidated revenue from operations to ₹740.70 cr for Q1 FY27. Despite the top-line growth, consolidated net profit (PAT) declined by 11.8% YoY to ₹38.02 cr, down from ₹43.12 cr in the year-ago period. The profit compression was driven by a significant rise in finance costs (up 305% YoY to ₹12.04 cr) and depreciation (up 507% YoY to ₹16.92 cr), suggesting heavy recent capital expenditure. The board also approved the re-appointment of the Chairman and Managing Director for new 5-year terms starting December 2026.
- Revenue from operations doubled to ₹740.70 cr in Q1 FY27 from ₹361.89 cr in Q1 FY26
- Consolidated PAT decreased 11.8% YoY to ₹38.02 cr, resulting in a Basic EPS of ₹1.73
- Finance costs surged to ₹12.04 cr from ₹2.97 cr YoY, indicating increased leverage or higher interest rates
- Depreciation and amortization expense rose sharply to ₹16.92 cr from ₹2.79 cr YoY
- Re-appointment of Manish Gupta (Chairman) and Vikas Jain (MD) for 5-year terms effective Dec 15, 2026
Insolation Energy (INA) reported a massive 104.7% YoY increase in consolidated revenue from operations to ₹740.70 crore for Q1 FY27. Despite the top-line growth, Net Profit (PAT) fell by 11.8% YoY to ₹38.02 crore, impacted by a 124.5% surge in total expenses. Finance costs rose sharply by 305% to ₹12.04 crore compared to ₹2.97 crore in the previous year's quarter. The board also approved the re-appointment of the Chairman and Managing Director for five-year terms starting December 2026.
- Revenue from operations grew 104.7% YoY to ₹740.70 crore from ₹361.89 crore.
- Consolidated Net Profit (PAT) decreased 11.8% YoY to ₹38.02 crore from ₹43.12 crore.
- Finance costs increased significantly to ₹12.04 crore, up from ₹2.97 crore in Q1 FY26.
- Re-appointment of Manish Gupta (Chairman) and Vikas Jain (MD) for 5-year terms effective Dec 15, 2026.
- Allotted 54,750 equity shares under the ESOP 2024 plan at an exercise price of ₹3.8 per share on May 25, 2026.
Insolation Energy (INA) reported a massive 104.7% YoY increase in consolidated revenue to ‡740.69 cr for Q1 FY27, driven by strong demand in the solar sector. However, net profit fell 11.8% YoY to ‡38.02 cr, and 45.6% sequentially from Q4 FY26, primarily due to a 305% YoY surge in finance costs to ‡12.04 cr. The board also ensured leadership continuity by re-appointing the Chairman and Managing Director for five-year terms starting December 2026. While the top-line growth is robust, the margin compression from rising interest and depreciation costs is a key area for monitoring.
- Revenue from operations surged 104.7% YoY to ‡740.69 cr from ‡361.88 cr in the previous year's quarter.
- Net profit decreased 11.8% YoY to ‡38.02 cr, down from ‡43.12 cr in Q1 FY26.
- Finance costs increased significantly by 305% YoY to ‡12.04 cr, indicating higher debt servicing or expansion funding.
- Depreciation and amortization expenses rose to ‡16.92 cr from ‡2.78 cr YoY, reflecting substantial new capacity additions.
- Re-appointment of Mr. Manish Gupta (Chairman) and Mr. Vikas Jain (MD) approved for 5 years effective Dec 15, 2026.
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