Solex Energy Ltd

Solex Energy Ltd. is currently trading at Rs 736.85, up 3.35%, while the stock has declined 3.30% over the last week. Solex Energy Limited announced it has secured work orders from domestic entities for the supply of Solar PV Modules, with a total order value of Rs 74.77 Crore, inclusive of applicable taxes, scheduled for execution by December 2026. The company disclosed the information in a filing on September 3, 2026, in compliance with SEBI’s Listing Obligations and Disclosure Requirements. Solex Energy Ltd. shares saw a trading volume of 25934 today, a decrease of 37.73% from the one-week average volume. Solex Energy Ltd. plunged by 43.85% year-over-year, underperforming the 2.71% loss registered by the NIFTY50 index.

Solect Energy Limited reported significant financial growth between fiscal years 2024-25 and 2025-26, with total income increasing from H6,626.08 million to H15,584.67 million on a standalone basis, and from H6,647.84 million to H16,211.32 million consolidated. The company’s profit for the year rose from H390.34 million to H888.98 million (standalone) and H422.26 million to H982.52 million (consolidated) over the same period. The annual report excerpt also details the appointments and proposed remuneration for Chairman & Managing Director Dr. Chetan Shah, Whole-Time Director Mr. Piyush Chandak, and Whole-Time Director Mr. Kalpesh Patel, who hold shareholdings of 9,29,647, 7,05,391, and 9,34,950 equity shares respectively. Solect Energy, a manufacturer of solar photovoltaic modules and turnkey solar solutions, is implementing measures to improve cash flow and exploring financing options while acknowledging potential market challenges.

The solar photovoltaic module manufacturer, operating since 2014, reported a significant increase in income for the fiscal year 2025-26, reaching Rs 15,584.67 million compared to Rs 6,626.08 million in 2024-25. Consolidated income for the same period rose to Rs 16,211.32 million from Rs 6,647.84 million. Profit for the year totaled Rs 888.98 million in 2025-26, up from Rs 390.34 million the previous year. The company, which has no foreign investments or collaborators, is led by Chairman & Managing Director Dr. Chetan Shah, Whole-Time Director Mr. Piyush Chandak, and Promoter & Whole-Time Director Mr. Kalpesh Patel, each holding substantial equity shares along with their relatives. Management acknowledged potential future losses due to market conditions and is implementing measures to improve cash flow, though precise profit projections remain uncertain.

Solex Energy Ltd share price softened by 0.28% to Rs 882.4 after the company's net profit witnessed a sharp fall of 85.97% to Rs 8.26 crore, while revenue from operations nosedived 70.55% to Rs 260.82 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.16 lakh crore, slipping 7.23%. It has improved by 0.16% over last one week and moving up by 11.90% in last one month while the market capitalization of Solex Energy Ltd has remained flat Profit before tax (PBT) of Solex Energy Ltd stood at Rs 11.12 crore in Q2 FY26, crashing by 66.32% year-on-year, and tumbling by 85.78% quarter-on-quarter. EBITDA came in at Rs 24 crore, tanking 39.29% YoY and nosediving by 75.35% sequentially. Total expenses slumped by 69.65% to Rs 242.03 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 293.15 crore, plunging by 56.01% YoY, while employee benefits expense was at Rs 15.06 crore, inching up 4.51% YoY. For the TTM ended FY26, revenue from operations surged 80.97% to Rs 662.22 crore, while net profit soared by 383.73% to Rs 42.23 crore, compared to previous TTM. EBITDA surged by 2731% to Rs 74.46 crore, and PBT jumped 387.18% to Rs 56.22 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 40.46 crore in FY26, as against Rs 1.71 crore in FY25.

Solex Energy Ltd share price remained flat to Rs 884.9 after the company's net profit tanked by 85.97% to Rs 8.26 crore, while revenue from operations dropped sharply 70.55% to Rs 260.82 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.19 lakh crore, slipping 6.62%. It has inched up 0.70% over last one week and advanced by 11.80% in last one month while the market capitalization of Solex Energy Ltd has remained flat Profit before tax (PBT) of Solex Energy Ltd stood at Rs 11.12 crore in Q2 FY26, plunging by 66.32% year-on-year, and crashing by 85.78% quarter-on-quarter. EBITDA came in at Rs 24 crore, tanking 39.29% YoY and nosediving by 75.35% sequentially. Total expenses slumped by 69.65% to Rs 242.03 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 293.15 crore, registering a fall of 56.01% YoY, while employee benefits expense was at Rs 15.06 crore, ticking higher by 4.51% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 80.97% to Rs 662.22 crore, while net profit surged by 383.73% to Rs 42.23 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 2731% to Rs 74.46 crore, and PBT soared 387.18% to Rs 56.22 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 40.46 crore in FY26, as against Rs 1.71 crore in FY25.

Solex Energy Limited announced it has received a work order from a domestic private limited company in the power/electricity sector, involving the supply of N-Type TOPCON 620Wp - Glass-to-Glass (G12R) Solar PV Modules, valued at Rs 42.47 Crore, including taxes, with execution scheduled across October 2026. The company disclosed this information in compliance with SEBI’s Listing Obligations and Disclosure Requirements, noting that neither the promoter group nor any group companies have an interest in the entity awarding the order, and the transaction is not considered a related party transaction at “arm’s length.”

The order involves the supply of N-Type TOPCon 615 Wp/620 Wp Glass-to-Glass (G12R) solar PV modules. The modules are scheduled to be supplied between October 2026 and March 2027. The company said the order has been awarded by a domestic entity and pertains to the manufacture and supply of solar PV modules. The contract includes G12R TOPCon photovoltaic modules rated at 615 Wp and 620 Wp. Solex Energy confirmed that neither the promoter group nor group companies have any interest in the awarding entity, nor the order does not fall under related party transactions. Gujarat-based Solex Energy has been operating in the solar industry since 1995 and manufactures photovoltaic modules from its automated facility in Gujarat while also providing EPC solutions across utility, commercial and industrial solar segments. The company's consolidated net profit surged 304.4% to Rs 57.91 crore in Q4 FY26, compared with Rs 14.32 crore in Q4 FY25. Revenue from operations rose 248.1% to Rs 885.53 crore during the quarter, from Rs 254.40 crore in the corresponding period last year.Powered by Capital Market - Live

Solex Energy announced that the Board of Directors of the Company at its meeting held on 18 June 2026, inter alia, have recommended the final dividend of Rs 0.55 per equity Share (i.e. 5.5%) , subject to the approval of the shareholders.

Solex Energy will hold a meeting of the Board of Directors of the Company on 18 June 2026.

Net profit of Solex Energy rose 304.40% to Rs 57.91 crore in the quarter ended March 2026 as against Rs 14.32 crore during the previous quarter ended March 2025. Sales rose 248.09% to Rs 885.53 crore in the quarter ended March 2026 as against Rs 254.40 crore during the previous quarter ended March 2025. For the full year,net profit rose 131.57% to Rs 96.01 crore in the year ended March 2026 as against Rs 41.46 crore during the previous year ended March 2025. Sales rose 144.34% to Rs 1618.06 crore in the year ended March 2026 as against Rs 662.22 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales885.53254.40 248 1618.06662.22 144 OPM %11.1111.02 -11.3511.47 - PBDT88.4323.50 276 155.8966.67 134 PBT78.0720.11 288 130.7356.22 133 NP57.9114.32 304 96.0141.46 132 Powered by Capital Market - Live