Solarworld Energy’s PAT rises 56% in FY26 as BESS and solar EPC scale up
Solarworld Energy Solutions reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by higher execution in its solar engineering, procurement and construction (EPC) business and expansion into battery energy storage systems (BESS).
For FY26, total income rose 157% year-on-year to Rs 14,160.66 million from Rs 5,510.85 million. Revenue from operations increased 152.6% to Rs 13,761.56 million, driven by growth in the EPC segment.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 1,879.27 million, up 63% from Rs 1,155.67 million in FY25. Profit after tax (PAT) increased 56% to Rs 1,204.74 million from Rs 770.48 million.
The company reported an order book of Rs 28,130.42 million as of March 31, 2026.
During Q4 FY26, total income rose to Rs 6,069.53 million compared to Rs 1,792.61 million in the corresponding quarter last year. EBITDA increased to Rs 732.83 million from Rs 164.09 million, while EBITDA margin improved to 12.1% from 9.2%.
Quarterly PAT rose to Rs 490.55 million from Rs 94.38 million in Q4 FY25, with PAT margin improving to 8.1% from 5.3%.
On the manufacturing side, the company said its 1.552 GW fully automated tunnel oxide passivated contact (TOPCon) solar module manufacturing facility at Roorkee, Uttarakhand, became operational in July 2025. The plant, spread across 7.5 acres, manufactures solar panels ranging from 610 W to 750 W.
Solarworld Energy also stated that its 3.4 GW automated BESS manufacturing facility equipped with KUKA robotics is ready, with trial runs currently underway.
The company added that a 5 GW junction box manufacturing line is being developed through a joint venture and is presently undergoing trials. It is also developing a 1.2 GW solar cell manufacturing facility, with commercial operations targeted by June 2027.
In project execution, the company is implementing multiple BESS EPC projects for NTPC at Solapur in Maharashtra and Unchahar in Uttar Pradesh. The combined capacity of these projects stands at 257 MW / 514 MWh, with a total order value of Rs 5,994.13 million, including operation and maintenance (O&M).
The company has also secured a balance of system (BOS) package order from NTPC Renewable Energy for a 200 MW AC / 260 MW DC grid-connected solar photovoltaic (PV) project valued at Rs 2,347.17 million, including O&M.
Managing Director Kartik Telia said the company’s performance was supported by stronger project mobilisation and execution efficiency. He added that BESS remains a strategic focus area, alongside backward integration and research and development initiatives.
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