Solarworld Energy Solutions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SOLARWORLD · price
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Solarworld Energy Solutions reported strong full-year results for FY2026 ending March 31. Revenue from operations more than doubled to ₹12,020.05 million, up from ₹5,463.24 million in FY2025, representing ~120% revenue growth. Profit after tax (PAT) grew 51% to ₹1,326.72 million from ₹876.35 million, while EPS increased to ₹16.47 from ₹12.15. The company completed its IPO in September 2025 raising ₹4,900 million, which boosted total equity to ₹8,639.86 million from ₹3,130.69 million. Operating cash flow turned positive at ₹747.24 million. The auditors issued an unmodified opinion, but included an emphasis of matter regarding an ongoing dispute with SJVN Green Energy over suspended EPC contracts worth ₹4,592.19 million, with claims of ₹2,193.35 million filed before a Dispute Adjudication Board. The board also restructured committees after resignation of the Independent Chairperson, with Mr. Kartik Teltia appointed as Chairman & Managing Director.
Strong financial performance with doubling of revenue and robust PAT growth. However, the unresolved SJVN dispute involving ₹4,592 million in suspended contracts and potential invocation of ₹137.77 million in bank guarantees is a key risk to monitor. The IPO has significantly strengthened the balance sheet.