SOLARWORLD ENERGY SOL LTD

Engineering, Procurement and Construction (EPC) work for solar and battery energy storage system (BESS) projects makes up 87.2% of segment revenue at ₹1,202.005 crore in FY26, earning a 14.8% segment EBIT margin. The project portfolio spans 60+ ongoing sites across Rajasthan, Gujarat, Maharashtra, Uttar Pradesh, Assam and Madhya Pradesh. NTPC is a major client, with ₹6,094 million of BESS EPC wins at Solapur and Unchahar and a ₹2,347.17 million balance-of-system package from NTPC REL. The order book reached ₹28,130.42 million as of March 2026, up from ₹17,005.51 million in FY25. The manufacturing segment accounts for the remaining 12.8% of segment revenue (₹175.975 crore) but posted a -8.6% segment EBIT margin. A 1.552 GW solar module facility began operations in July 2025, a 3.4 GW BESS facility is under trial, and a 1.2 GW solar cell line is targeting commercial operations in June 2027. Total revenue reached ₹1,376.156 crore in FY26. Materials — solar modules, cells and balance-of-system components — are the biggest cost at 81.2% of revenue, while employee costs are 1.7%. An ongoing dispute with SJVN Green Energy concerns suspended EPC contracts worth ₹4,592 million, with claims of ₹2,193 million filed before a Dispute Adjudication Board.