Insolation Energy Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Insolation Energy FY26 Revenue Up 61% YoY to ₹2,163.52 Cr
25 May 2026 · 25 May, 10:12 pm
Summary
Insolation Energy Limited announced strong audited financial results for the fourth quarter and full fiscal year 2026, driven by significant scale expansion and progress in integrated manufacturing. For FY26, the company reported a robust 61.02% year-on-year growth in Revenue from Operations, reaching ₹2,163.52 Cr, while Profit After Tax (PAT) increased by 59.75% to ₹200.63 Cr. EBITDA also surged by 76.50% to ₹304.61 Cr, with the EBITDA Margin improving by 124 bps to 14.08%. Key milestones for the year included the successful migration to the Main Board of NSE and BSE, expansion of module manufacturing capacity to 5.5 GW, and advanced execution of backward integration projects. Management expressed confidence in India's domestic solar manufacturing cycle and their strategic positioning to sustain growth momentum and strengthen margins in the coming years.
Key Highlights
- 1
Insolation Energy Limited reported a substantial 61.02% year-on-year increase in FY26 Revenue from Operations, reaching ₹2,163.52 Cr.
- 2
Profit After Tax (PAT) for FY26 grew significantly by 59.75% year-on-year to ₹200.63 Cr.
- 3
The company's FY26 EBITDA saw a robust increase of 76.50% year-on-year, totaling ₹304.61 Cr, with the EBITDA Margin improving by 124 bps to 14.08%.
- 4
For Q4FY26, Revenue from Operations nearly doubled with a 99.87% year-on-year growth, amounting to ₹792.38 Cr.
- 5
Insolation Energy successfully migrated to the Main Board of NSE and BSE, enhancing institutional visibility and strengthening governance standards.
- 6
Module manufacturing capacity expanded to 5.5 GW, supported by the ramp-up of the highly automated INA3 facility, alongside continued progress on strategic backward integration projects including a 4.5 GW TOPCon solar cell and an 18,000 MTPA aluminium frame manufacturing facility.
Management Comments
Manish Gupta
FY26 has been a defining year for Insolation Energy as we successfully scaled operations, strengthened our manufacturing platform and delivered strong financial growth despite a dynamic industry environment. Our performance reflects disciplined execution, strong customer relationships and improving operating leverage across the business. The migration to the Main Board marks an important milestone in INA’s growth journey and reflects the Company’s evolving scale, governance standards and long-term strategic vision. We remain focused on building a resilient and future-ready renewable energy platform supported by prudent capital allocation and sustainable value creation.
Vikas Jain
India is entering a significant domestic solar manufacturing cycle driven by rising renewable energy adoption, policy support and increasing focus on supply-chain localization. INA is strategically positioned to benefit from this transition through its expanding manufacturing footprint and integrated value-chain strategy. Our ongoing solar cell and aluminium frame expansion projects represent a major step toward backward integration and long-term competitiveness. With automation-led manufacturing, strong execution capabilities and a growing market presence, we remain confident of sustaining growth momentum while strengthening margins and operational efficiencies over the coming years.
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