SWELECT Reports Q1 FY27 Consolidated PAT of ₹765.33 Lakhs

SWELECT Energy Systems Ltd. announced its Q1 FY27 consolidated financial results, reporting a Profit After Tax (PAT) of ₹765.33 Lakhs, a significant decrease of 63.8% compared to ₹2,113.96 Lakhs in Q1 FY26. The consolidated total income also saw a decline of 25.5% YoY to ₹14,071.59 Lakhs. This downturn was attributed to uncertainty surrounding the implementation of ALMM 2, which caused customers to defer orders. Despite this, the company's standalone financials showed strong growth, with PAT increasing by 362.5% YoY to ₹1,867.81 Lakhs. SWELECT highlighted ongoing investments in 110 MW of IPP projects and the acquisition of two solar parks in Rajasthan (140 MW). They are also launching new solar kits and expect a boost from government subsidies.