Solex Energy Reports 52% YoY Surge in H1 FY26 Revenue to ₹415 Crore

Surat, October 9, 2025: Solex Energy Limited (NSE: SOLEX) reported a strong half-year performance in FY26, with revenue from operations rising 52% year-on-year to ₹415 crore, up from ₹273 crore in H1 FY25. The robust results highlight the company’s accelerating growth across both its manufacturing and EPC segments, supported by strong market demand, enhanced operational efficiency, and an expanding project pipeline in India and overseas.

Solex Energy Limited is listed on the National Stock Exchange of India (NSE: SOLEX). It is a specialist manufacturer of solar PV modules and integrated EPC solutions driven by automation, innovation, and a commitment to sustainable energy development.

Key Financial Highlights

Solex Energy Limited recorded healthy operating revenue growth in the first half of FY26, with operating revenue increasing to ₹415 crore, rising by 52% from ₹273 crore in H1 FY25. This healthy uptick is an indicator of the company’s expanding operating business and increasing presence in the market.

The growth coincides with Solex’s successful migration from the NSE Emerge platform to the NSE Main Board on October 8, marking a significant milestone in the company’s journey of expansion and governance excellence. The listing event held in Surat was attended by investors, partners, and dignitaries, celebrating Solex’s strengthened fundamentals and stakeholder trust.

Strategic Milestones and Vision 2030

Solex also operates a fully automated GW-scale solar module manufacturing facility at Tadkeshwar, Gujarat, employing precision engineering and robotics to produce high-wattage, high-efficiency solar PV modules of up to 600+ Wp.

Under its Vision 2030 plan, the company aims to develop 10 GW of solar modules and 10 GW of solar cell manufacturing capacity through world-class technology joint ventures, automation, and sustainability initiatives. Its long-term strategy further includes strategic investments exceeding $1 billion to build an integrated renewable power ecosystem.

Management Commentary

Dr. Chetan Shah, MD and Chairman, Solex Energy, remarked: “These strong H1 FY26 results and our Main Board migration demonstrate the faith of our stakeholders in us and the sustainability of our long-term vision. As we expand into new capacities in Vision 2030, Solex is committed to leading India’s clean energy transition driven by innovation, technology, and purpose.”

Share Price Movement Reflects Market Adjustment Post-Migration

Following the earnings announcement and Main Board listing, Solex Energy’s stock opened at ₹1,745, surged briefly to ₹1,755, and settled at ₹1,629.60 by 1:42 PM IST, down 5% from the previous close of ₹1,715.35. The trading session saw a 52-week high of ₹1,826.35 on 8 October and a 52-week low of ₹630.90 on 1 April 2025. Daily volatility was 0.38%, while annualised volatility stood at 7.26%, highlighting active market adjustments in the immediate aftermath of the company’s listing and performance update.

REF: https://nsearchives.nseindia.com/corporate/SOLEX_09102025095042_Press_Release.pdf

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