SOLEX Solex Energy Q2 FY26 results (Jul–Sep 2025) and concall
Solex Energy reported strong H1 FY26 financial performance with revenue up 51.8% YoY and significant margin expansion. The company successfully ramped up its module capacity to 4 GW and holds an order book exceeding ₹4,000 crores. However, extended monsoon led to inventory build-up and increased working capital, which is expected to normalize in H2 FY26. Solex is also progressing with its 2.2 GW N-Type TOPCon Plus cell manufacturing facility, targeting commissioning by March 2027.
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What they filed
Q2 FY26: revenue up 12.8%, net profit down 62.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 132 | 134 | 253 | 249 | 149 +13% |
| EBITDA | 14 | 24 | 22 | 38 | 16 +8% |
| Net profit | 9 | 14 | 12 | 22 | 3 −63% |
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.
