Solex Energy Limited has informed the Exchange regarding a press release dated May 16, 2026, titled "Solex Energy Reports Robust Revenue Growth of 143.9% in FY26; Sets New Benchmark with Rs. 16,211 Mn Revenue in FY26".
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Solex Energy Limited reported exceptional FY26 results with total revenue surging 143.9% to Rs. 16,211 Mn from Rs. 6,648 Mn in FY25. PAT jumped 132.7% YoY to Rs. 983 Mn, while EBITDA grew 134.6% to Rs. 1,867 Mn. However, margins compressed slightly—EBITDA margin fell 45 bps to 11.5% and PAT margin declined 29 bps to 6.1%. The company generated Rs. 2,007 Mn in operating cash flow, improved working capital cycle to 35 days, and maintains a healthy net debt-to-equity ratio of 0.57:1. Solex also signed a Rs. 40,000 Mn MoU with Gujarat government for solar cell and BESS manufacturing facilities.
Strong top-line and bottom-line growth demonstrates Solex's execution capability in scaling operations. Margin compression despite revenue surge warrants monitoring of profitability sustainability. Healthy balance sheet metrics and large order book of Rs. 34,000 Mn+ provide visibility for continued growth.