Indosolar Ltd Q4 FY26 Results

Summary

Indosolar Limited achieved a remarkable turnaround in FY26, reporting Revenue from Operations of ₹679.85 Crores, an impressive 109.89% year-over-year growth. EBITDA surged by 184.88% to ₹270.75 Crores, and Profit After Tax (PAT) escalated by 350.16% to ₹246.60 Crores, driven by improved cost efficiency and operational enhancements. The company also saw significant margin expansion, with EBITDA margin at 39.82% and PAT margin at 36.19% for FY26. While Q4 FY26 revenue declined year-over-year to ₹83.10 crores due to a shift in revenue mix, PAT for the quarter still grew by 4.90% to ₹42.00 crores. CEO Jignesh Rathod highlighted the company's progress in business turnaround, technology upgrades including G12 solar module manufacturing, and alignment with current market demand.

Key Highlights

1. 1

   Indosolar Limited reported a significant turnaround, with Revenue from Operations for FY26 standing at ₹679.85 Crores, marking a substantial growth of 109.89% year-over-year.

2. 2

   EBITDA for the full fiscal year 2026 increased by 184.88% year-over-year to ₹270.75 Crores.

3. 3

   Profit After Tax (PAT) for FY26 demonstrated exceptional growth of 350.16% year-over-year, reaching ₹246.60 Crores.

4. 4

   Module production for FY26 surged to 1,051 MW, a significant increase from 589 MW in FY25, reflecting operational progress.

5. 5

   EBITDA margin for FY26 improved to 39.82% from 29.34% in FY25, while PAT margin expanded to 36.19% from 16.87%, indicating enhanced profitability.

6. 6

   Q4 FY26 revenue from operations was ₹83.10 crores, a decrease of 56.72% year-over-year, primarily attributed to a strategic shift from direct distribution and trading revenue to substantial revenue from tolling contracts.

7. 7

   Despite the Q4 revenue decline, Q4 FY26 PAT grew by 4.90% year-over-year to ₹42.00 crores, demonstrating resilient profitability.