Transcript of the Earnings Conference Call with Investors/Analysts-pertaining to the Financial Results and Operations of the company for the half year and year ended on March 31, 2026

Solarium Green Energy reported FY26 total income of ₹368 crores, up 60% from ₹230 crores in FY25, driven mainly by ramp-up in large ground-mounted EPC project execution. EBITDA grew 31% to ₹35.3 crores but margins moderated to around 9.6% as the company deliberately shifted towards lower-margin ground-mounted EPC work to improve cash conversion. Profit after tax was nearly flat at ₹20.5 crores versus ₹18.6 crores, weighed down by finance costs tripling to ₹10.5 crores due to debt taken for commissioning a 1.2 GW fully automated solar module manufacturing plant in Ahmedabad in March 2026. The company exited FY26 with an executed order book of over ₹300 crores (including a ₹185 crore, 50 MW Maharashtra project), a forward pipeline of 300+ MW under active discussion, and a 450-partner Sarathi residential distribution network. Management guided EBITDA margins to recover into the 10–12% range as captive module consumption rises towards 50–60% of production.