Solex Energy Limited has informed the Exchange about Transcript of Post Earnings Conference Call held with the Investors/Analysts on May 18, 2026

Solex Energy reported exceptional FY26 results with revenue of INR 16,211 million (144% YoY growth) and PAT of INR 983 million (132.7% growth). Q4 FY26 was particularly strong with revenue of INR 8,858 million (247.6% growth) and PAT margin expansion to 6.6%. The company secured a major INR 2,716 million order from an IPP for TOPCon modules, and current order book visibility exceeds INR 3,400 crores. Management guided FY27 revenue target of INR 26,000 million with PAT margin of 6-8%, and provided details on its INR 4,000 crore MoU with Gujarat Government for 5 GW cell and 10 GW BESS manufacturing. The cell facility is expected to be operational by Q4 FY27, targeting 15% PAT and over 20% EBITDA margins from FY29. Working capital improved significantly to 35 days from 61 days, while net debt-to-equity stands comfortable at 0.57:1.