Solex Energy Limited has informed the Exchange about Investor Presentation
SOLEX · price
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Solex Energy shared its Q3 and 9MFY26 investor presentation alongside results. Total revenue for 9MFY26 jumped 79.3% YoY to INR 7,351 Mn, with Q3FY26 revenue up 135.3% YoY at INR 3,194 Mn. However, profitability was mixed: 9MFY26 EBITDA rose 72.5% to INR 881 Mn (margin flat at 12.0%), while Q3FY26 EBITDA margin compressed sharply to 8.5% from 18.2% a year ago, and Q3 PAT fell 36.8% to INR 89 Mn. 9MFY26 PAT grew 45.3% to INR 394 Mn. The company disclosed a strong order book of INR 40,000+ Mn (INR 4,000+ Crores), including a INR 544.62 Crore order from Spain's Zelestra Group and a INR 289.84 Crore order from a domestic IPP. Management is targeting INR 1,700–1,800 Crores in FY26 revenue and laid out Vision 2030 plans to scale module capacity to 10 GW and add 10 GW of solar cell capacity by FY30, backed by an INR 1,050 Crore capex plan (partly funded by INR 700 Crore in debt).
Strong topline momentum and a robust INR 4,000+ Crore order book provide solid revenue visibility, but the sharp drop in Q3 margins signals cost or pricing pressure that may weigh on near-term sentiment. The large debt-funded capacity expansion will lift net debt-to-equity (already up to 1.33x from 0.78x in FY25), so investors should watch margin recovery and execution of the cell manufacturing foray closely.