Solex Energy Ltd Reports Strong Rs 415 Crore Revenue in H1 FY26, Surging Year-on-Year

Solex Energy Limited, a prominent solar PV module manufacturer and turnkey EPC solution provider, reported a revenue of Rs 415 crore for the first half of fiscal year 2026 (H1 FY26). This represents a significant 52% increase over the corresponding period last year, marking continued momentum in the company’s growth trajectory.

Major Takeaways

Revenue Growth and Performance

The Rs 415 crore revenue in H1 FY26 underlines Solex’s successful execution of large-scale projects and increased market penetration in rooftop and ground-mounted solar segments.

Operational Strengths

Solex attributes its growth to scalable GW-level manufacturing capacities from its Gujarat factory and deep-rooted partnerships in the solar industry, helping deliver customized, high-efficiency solar solutions.

Expansion and Technology Focus

The company continues investments in next-generation photovoltaic technology and automation enhancements across production lines to bolster efficiency and quality.

Future Outlook

With plans to increase module manufacturing capacity from 1.5 GW to 15 GW, backed by substantial capital infusion, Solex aims for aggressive expansion to meet growing renewable energy demand.

Management Commentary

Chetan Shah, Chairman & Managing Director, expressed optimism about the company’s growth prospects, highlighting dedication to quality, innovation, and contributions towards India’s net-zero and sustainable energy goals.

Notable Updates

Solex recorded Rs 260 crore revenue in Q1 FY26, an 84% uplift compared to the prior year quarter.

The company’s product range spans high-end solar PV modules, complemented by EPC services for diverse clients and geographies.

Investment focus remains on expanding manufacturing infrastructure and integrating advanced technology to sustain competitive advantage.

Sources: NSE India, Solex Energy Limited, EQ MagPro, Moneycontrol