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ALALPEXSOLAR

Alpex Solar Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 4 Nov 2025

Alpex Solar reported strong Q2 and H1 FY26 performance, with significant business volume growth and healthy monthly EBITDA. The company is aggressively expanding its solar cell and module manufacturing capacities, aiming for 2x revenue growth and improved EBITDA margins in FY27. While operating cash flow was negative due to expansion-related working capital, management expressed comfort with liquidity and a robust order book.

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What they filed

Q2 FY26: revenue up 178.2%, net profit up 120.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue188 188 327 380 523 +178%
EBITDA31 37 54 63 78 +152%
Net profit24 23 35 42 53 +121%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.