Indosolar Ltd

Indosolar Limited will close its trading window for directors, key management personnel, designated persons, and their immediate relatives/connected persons from October 1, 2026, until 48 hours after the declaration of the company’s standalone unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with Securities and Exchange Board of India regulations and the company’s code of conduct.

Indosolar Limited announced that its Board of Directors has approved a draft scheme of amalgamation with Waaree Energies Limited, consolidating their operations to simplify the group structure. As of June 30, 2026, Indosolar Limited had total assets of Rs 404.92 crore and turnover of Rs 68.36 crore, while Waaree Energies Limited had total assets of Rs 23,798.16 crore and turnover of Rs 6,221.67 crore. Under the scheme, shareholders of Indosolar Limited will receive one equity share of Rs 10 each in Waaree Energies Limited for every 11 equity shares of Rs 10 each held in Indosolar Limited.

Indosolar Limited announced that its Board of Directors has approved a draft scheme of amalgamation with Waaree Energies Limited, consolidating their operations to simplify the group structure and create a backward-integrated solar module manufacturing entity. As on June 30, 2026, Indosolar Limited had total assets of Rs 404.92 crore and net worth of Rs 323.63 crore, while Waaree Energies Limited had total assets of Rs 23,798.16 crore and net worth of Rs 13,869.90 crore. Under the scheme, shareholders of Indosolar Limited will receive one equity share of Rs 10 each in Waaree Energies Limited for every 11 equity shares of Rs 10 each held in Indosolar Limited.

Indosolar Limited announced that shareholders at the company's 17th Annual General Meeting on August 31, 2026, re-appointed Mr. Nilesh Bhogilal Gandhi as an Independent Director (Non-Executive) for a second term of 5 consecutive years with effect from April 20, 2026.

Net profit of Indosolar declined 68.64% to Rs 36.62 crore in the quarter ended June 2026 as against Rs 116.79 crore during the previous quarter ended June 2025. Sales declined 64.89% to Rs 68.36 crore in the quarter ended June 2026 as against Rs 194.68 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales68.36194.68 -65 OPM %70.8932.64 - PBDT56.7764.25 -12 PBT47.4755.15 -14 NP36.62116.79 -69 Powered by Capital Market - Live

Indosolar will hold a meeting of the Board of Directors of the Company on 23 July 2026.

Revenue from operations declined sharply by 56.72% year-on-year to Rs 83.10 crore from Rs 192 crore, primarily due to a shift towards tolling contracts from direct distribution and trading revenue in the year-ago quarter. Despite the drop in revenue, EBITDA rose 28.20% to Rs 64.33 crore from Rs 50.18 crore a year ago. EBITDA margin expanded sharply to 77.41% from 26.14% in the corresponding quarter, indicating improved cost efficiencies and lower operating expenses. Profit before tax (PBT) stood at Rs 56.31 crore in Q4 FY26, down 8.71% quarter-on-quarter but up 40.63% year-on-year. Total expenses declined 81.70% year-on-year to Rs 27.92 crore during the quarter. Employee benefits expense rose 48.21% YoY to Rs 1.66 crore. As of 31 March 2026, the company's total assets increased 43.05% year-on-year to Rs 344.4 crore from Rs 240.76 crore, driven mainly by higher current assets. Trade receivables surged 4,407.74% to Rs 209.61 crore from Rs 4.65 crore, while inventories declined. Cash and cash equivalents stood at Rs 1.09 crore. Non-current assets came in at Rs 105.99 crore, primarily due to a decline in property, plant, and equipment. On a full-year basis, the company's consolidated net profit surged 350.16% to Rs 246.60 crore on a 109.89% jump in revenue from operations to Rs 679.85 crore in FY26 over FY25. Separately, the company announced the appointment of Abhishek Pareek as chief financial officer with effect from April 20. Incorporated in 2005, Indosolar manufactures solar photovoltaic cells. Shares of Indosolar were locked in the 5% lower circuit at Rs 513.10 on the BSE.

Net profit of Indosolar rose 4.90% to Rs 42.00 crore in the quarter ended March 2026 as against Rs 40.04 crore during the previous quarter ended March 2025. Sales declined 56.72% to Rs 83.10 crore in the quarter ended March 2026 as against Rs 192.00 crore during the previous quarter ended March 2025. For the full year,net profit rose 350.16% to Rs 246.60 crore in the year ended March 2026 as against Rs 54.78 crore during the previous year ended March 2025. Sales rose 109.89% to Rs 679.85 crore in the year ended March 2026 as against Rs 323.91 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales83.10192.00 -57 679.85323.91 110 OPM %77.4226.14 -39.8229.34 - PBDT65.4649.01 34 271.0082.11 230 PBT56.3240.04 41 234.2954.78 328 NP42.0040.04 5 246.6054.78 350 Powered by Capital Market - Live

Indosolar will hold a meeting of the Board of Directors of the Company on 20 April 2026.

Net profit of Indosolar rose 304.98% to Rs 41.47 crore in the quarter ended December 2025 as against Rs 10.24 crore during the previous quarter ended December 2024. Sales rose 93.70% to Rs 199.53 crore in the quarter ended December 2025 as against Rs 103.01 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales199.53103.01 94 OPM %35.5922.78 - PBDT70.9319.58 262 PBT61.6810.24 502 NP41.4710.24 305 Powered by Capital Market - Live