Summary

Insolation Energy Ltd, a leading PV module manufacturer in India, has reported a significant rise in EBITDA for Q3 FY26, along with a healthy order book of 2.1 Gw, indicating strong demand visibility. The company's revenue for 9M FY26 stood at ₹13,520 million, registering a 44% YoY growth, primarily driven by scale-up in capacity and an expanding distribution footprint in the utility segment. The Q3 FY26 revenue was ₹35,753 million, registering a 77% YoY growth, aided by higher volumes across key markets.

Key Highlights

1. 1

   Revenue for 9M FY26 stood at ₹13,520 million, registering a 44% YoY growth

2. 2

   Q3 FY26 revenue was ₹35,753 million, registering a 77% YoY growth

3. 3

   EBITDA for 9M FY26 stood at ₹31,955 million, up 69% YoY

4. 4

   Q3 FY26 EBITDA stood at ₹817 million, up 175% YoY

5. 5

   PAT for 9M FY26 came in at ₹21,308 million, reflecting a 57% YoY increase

6. 6

   Q3 FY26 PAT stood at ₹3507 million, up 174% YoY

7. 7

   Q3 FY26 production stood at 356 MW, with dispatches of 364 MW

8. 8

   Installed capacity as of 31 December was 5.5 GW

9. 9

   The Greenfield project at Narmadapuram, Madhya Pradesh is progressing as planned

10. 10

    KUSUM projects secured in Rajasthan have completed all PPAs, providing strong execution visibility