Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Investor Presentation ....
INA · price
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Insolation Energy Ltd (INA Solar) reported strong FY2026 results with revenue of Rs 2,146 Cr, up 61% YoY, driven by robust execution and rising solar demand. EBITDA stood at Rs 305 Cr (margin 14%) and PAT at Rs 201 Cr (margin 9.3%), both registering near-80% YoY growth. Q4 FY26 was particularly strong — revenue doubled YoY to Rs 794 Cr. The company migrated to the BSE and NSE Main Board in March 2026. Manufacturing capacity stands at 5.5 GW for modules, targeting 7 GW by FY28, with a 4.5 GW cell line and 18,000 MT aluminum frame facility underway in Narmadapuram, MP. The company is also exploring ingot/wafer capacity (ALMM-III mandates domestic wafers from June 2028), BESS assembly, and EPC/IPP expansion. Management targets multi-year growth on the back of structural demand drivers including ALMM, PM Surya Ghar, PM-KUSUM, and rising BESS+solar hybrid tenders. Net Debt/Equity remains healthy at 0.5x.
The company demonstrated industry-leading growth with margin expansion (EBITDA margin improved from 13% to 14% YoY), signaling strong operational leverage as capacity scales up. Capacity expansion into cells and frames should improve vertical integration and margins further, making this a compelling story for solar sector investors.