SWELECT posts Rs 9.52 crore Q3 profit; income up 46.7%

SWELECT Energy Systems Limited reported a consolidated profit after tax of Rs 9.52 crore for the third quarter of fiscal year 2026, compared with a loss of Rs 10.58 crore in the corresponding quarter last year. Total income increased 46.7% year-on-year to Rs 147.19 crore, supported by higher revenue from operations and improved efficiency.

For the quarter ended December 31, 2025, revenue from operations rose to Rs 138.63 crore from Rs 91.38 crore in Q3 FY25. Operational Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 40.17 crore, compared with Rs 27.35 crore a year earlier. Profit before tax was Rs 14.01 crore, up from Rs 3.00 crore in Q3 FY25.

During the first nine months of FY26, total income reached Rs 483.40 crore, compared with Rs 435.75 crore in the same period last year. Revenue from operations increased to Rs 454.71 crore from Rs 402.86 crore. Operational EBITDA rose to Rs 142.78 crore, while profit before tax climbed to Rs 62.77 crore from Rs 27.86 crore. Profit after tax for the nine-month period stood at Rs 46.50 crore, compared with Rs 5.00 crore in the corresponding period of FY25.

The board approved the unaudited financial results at its meeting held on February 13, 2026. Management cited progress in manufacturing expansion, development of Independent Power Producer (IPP) assets and growth in Engineering, Procurement, and Construction (EPC) orders.

1. Chellappan, Founder and Vice Chairman, stated that the company is targeting 2 GW of manufacturing capacity, 1 GW of IPP assets and 1 GW of EPC orders within two years. He said the company has financial assets exceeding Rs 500 crore and operational IPP assets of 150 MW.

Dr. Arulkumar Shanmugasundaram, Chief Executive Officer (CEO) and Managing Director (MD), said the project pipeline includes over 250 MW in Tamil Nadu at various stages of land acquisition and connectivity. He added that the recently launched NUMERGY product line is expected to expand over the next three to six months as distribution grows across India. The company expects module manufacturing capacity to reach 2 GW in the first quarter of FY27, supported by firm tie-ups for Domestic Content Requirement (DCR) cells for the domestic market.

SWELECT Energy Systems operates across three segments: IPP with energy sales to commercial, industrial and government customers; ground-mounted and rooftop EPC; and channel-based product sales under the NUMERGY brand. The company has integrated manufacturing capabilities for solar photovoltaic (PV) modules, mounting structures and related electrical components.