Indosolar Limited has informed the Exchange regarding a press release dated April 20, 2026, titled "Press Release".
WAAREEINDO · price
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Indosolar Limited reported a strong turnaround in FY26 with revenue from operations at ₹679.85 crores, up 109.89% YoY from ₹323.91 crores. EBITDA grew 184.88% to ₹270.75 crores with margin expanding to 39.82% from 29.34% in FY25. PAT surged 350.16% to ₹246.60 crores compared to ₹54.78 crores. Module production increased to 1,051 MW from 589 MW. Q4 FY26 showed sequential revenue decline to ₹83.10 crores from ₹192.00 crores in Q4 FY25 due to different revenue mix. The company is a subsidiary of Waaree Energies Limited with 1.3 GW module manufacturing capacity in Noida. Board also approved appointments of new Independent Director and CFO.
The strong FY26 results reflect a successful business turnaround with exceptional profit growth and margin expansion, indicating improved operational efficiency. The 350% PAT growth and nearly 10 percentage point EBITDA margin expansion are positive signals for shareholders, though Q4 revenue decline warrants monitoring.