Indosolar Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
WAAREEINDO · price
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Indosolar Limited, a Waaree Group company, reported strong financial performance for FY26 with revenue more than doubling to Rs 67,985 lakhs from Rs 32,391 lakhs in FY25. Profit after tax surged to Rs 24,660 lakhs compared to Rs 5,478 lakhs previously, representing a 350% increase. EBITDA margin expanded from approximately 29.5% to 40%, indicating improved operational efficiency. The company also commenced commercial operations at its Greater Noida factory from July 2024, making prior year figures not directly comparable. The Board approved appointments of a new independent director, CFO, internal auditor, and cost auditor. The statutory auditor issued an unmodified opinion on the financial results.
The company shows exceptional growth with PAT up 350% and EBITDA margin expansion to 40%, signaling strong operational performance. However, trade receivables jumped significantly to Rs 20,962 lakhs from Rs 466 lakhs, warranting monitoring for cash collection. The equity base grew substantially to Rs 28,701 lakhs from Rs 4,041 lakhs, and borrowings were reduced.