Solex Energy’s Q4 Profit Surges Over Fourfold to ₹58 Crore; Revenue Increases 3.5 Times

Solex Energy Ltd, a solar solutions provider based in Gujarat, announced on Saturday (May 16) a remarkable 304% year-on-year increase in net profit for the fourth quarter, reaching ₹57.9 crore, compared to ₹14.3 crore in the same quarter last year. The PAT margin for Q4FY26 was reported at 6.6%, marking an expansion of 71 basis points year-on-year.

The revenue for the quarter surged by 248% year-on-year to ₹885.5 crore, up from ₹254.4 crore a year earlier. EBITDA experienced a 251% increase to ₹98.3 crore for the quarter, compared with ₹28 crore in the previous year’s quarter. The EBITDA margin stood at 11.1% for this quarter, slightly up from 11% in the same quarter last year.

The company reported a total income of ₹1,621.1 crore for FY26, reflecting a 143.9% year-on-year growth. EBITDA for FY26 increased by 134.6% year-on-year to ₹186.7 crore, with an EBITDA margin of 11.5%. Profit after tax rose by 132.7% year-on-year to ₹98.3 crore.
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Dr. Chetan Shah, Chairman and Managing Director of Solex Energy, commented, “Solex Energy has achieved an exceptional performance in FY26, reaffirming its status as one of India’s most rapidly growing integrated solar energy companies. The company’s impressive revenue growth of 143.9% and disciplined execution highlight its ability to scale operations while upholding high quality and efficiency standards.

This year underscores Solex’s successful transformation from a manufacturing-centric organization to a fully integrated clean energy enterprise with global aspirations. Our strategic investments in advanced technologies like TOPCon modules, along with ALMM certification, position the company well to leverage the growing demand for high-efficiency solar solutions both domestically and globally.

The company announced that its board has approved the re-appointment of Dr. Chetan Shah, due to retire by rotation, as a director at the upcoming Annual General Meeting (AGM). The board also sanctioned the re-appointment of Kalpeshkumar Patel, who is also retiring by rotation, as a director at the forthcoming AGM.

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

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