Indosolar appoints new CEO, former CEO quits; Q3 profit quadruples

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

WAAREEINDO · price

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Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹466.00

prior close

₹470.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-3.2% vs market

Heavy Electrical Equipment peers, median of 29sector-1.4%-3.1% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.1 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-6.0

10m

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15m

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30m

-4.0

Sessions after the filingfrom the prior close

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Reaction day

-4.5-1.3-3.2-1.4-3.1

Next day

-9.6-4.0-5.7-4.6-5.1

-13.7-4.8-9.0-6.3-7.5

-9.4-3.3-6.1-5.0-4.4

-5.3-5.3+0.1-8.4+3.1

-7.8-5.2-2.5-6.5-1.2

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15d

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-13.2+0.1-13.3+6.6-19.8

-21.3-8.9-12.4-1.3-19.9

+16.1+3.2+12.8+22.8-6.7

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indosolar reported Q3 revenue from operations of Rs 19,952.61 lakhs, nearly double YoY. 9M FY26 PAT surged to Rs 20,460.03 lakhs vs Rs 1,473.76 lakhs. Board appointed Dr. Jignesh Rathod (from Waaree Energies, 18 years experience) as new CEO and Additional Director. Mr. Amit Paithankar resigned as CEO and Director. Board also approved shifting registered office from Delhi to Maharashtra, pending approvals.

Likely market impact

Strong earnings growth continues. Smooth CEO transition from within Waaree Group. Office relocation to Maharashtra pending shareholder approval.