Solex Energy Limited has informed the Exchange regarding a press release dated February 12, 2026, titled "Solex Energy Limited Reports 79% Revenue Growth in 9MFY26; Accelerates To Rs 1,000 Crore Milestone.".
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Solex Energy, a Surat-based solar PV module manufacturer and EPC service provider, reported 9MFY26 revenue of ₹7,351 Mn, up 79.3% year-on-year, with EBITDA rising 72.5% to ₹881 Mn and profit after tax (PAT) growing 45.3% to ₹394 Mn. Q3 FY26 alone saw revenue jump 135.3% YoY to ₹3,194 Mn, though EBITDA growth was more modest at 10% (₹272 Mn) and PAT stood at ₹89 Mn. The company commenced commercial production at its new 2.2 GW solar PV module facility in Tadkeshwar, Gujarat in November 2025, taking total capacity to 4 GW. It secured major orders worth ₹544.62 Crore from Zelestra Group (Spain) and ₹289.84 Crore from a domestic IPP, lifting total order book visibility beyond ₹4,000 Crores. Solex is targeting ₹1,700–1,800 Crores revenue for FY26, launched India's first Rear Contact Solar Module (TRC), and is partnering with Germany's ISC Konstanz on next-gen solar cell technology, with a 2.2 GW cell manufacturing project on track for 2027.
Strong 9M revenue and earnings growth, combined with new capacity coming online, a robust ₹4,000+ Cr order book, and raised FY26 guidance of ₹1,700–1,800 Cr, signal a strong growth trajectory that is likely to be viewed positively by shareholders, though Q3 EBITDA margin compression warrants attention.