Alpex Solar Q4 FY26 results (Jan–Mar 2026) and concall

Capital Goods · Concall AI · Call held 25 May 2026

Company page: Alpex Solar share price, financials & guidance record

Alpex Solar reported robust financial performance for FY26, with significant year-on-year growth across revenue, EBITDA, and PAT. The company is actively pursuing backward integration into solar glass, ingot, wafer, and cell manufacturing, with a 2.2 GW TOPCon cell line expected to be operational soon. While Q4 FY26 saw some sequential flatness due to external supply chain and geopolitical challenges, management remains optimistic about future growth driven by domestic policies and strategic expansions.

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What they filed

Q4 FY26: revenue up 105.5%, net profit up 51.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	188	188	327	380	523 +178%	648 +245%	672 +106%
Expenses	158	151	274	318	445	558	583
EBITDA	31	37	54	63	78 +152%	90 +143%	89 +65%
Margin	16%	20%	16%	16%	15%	14%	13%
Other income	1	1	1	2	2	0	4
Interest	1	2	2	3	3	6	10
Depreciation	1	3	3	4	4	7	9
Profit before tax	29	32	49	57	72 +148%	77 +141%	74 +51%
Tax rate	19%	28%	28%	26%	27%	29%	28%
Net profit	24	23	35	42	53 +121%	54 +135%	53 +51%
EPS	9.69	9.56	14.43	17.28	20.62	21.25	20.86

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.

What they filed

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