Indosolar reports 350% rise in FY26 profit on higher module output

Indosolar Limited reported a sharp improvement in financial performance for the fiscal year ended March 31, 2026, supported by higher module production and operational efficiencies. Profit After Tax (PAT) rose to Rs 246.60 crore, up 350.16% from Rs 54.78 crore in FY25.

Revenue from operations increased to Rs 679.85 crore in FY26, reflecting a year-on-year growth of 109.89% over Rs 323.91 crore in FY25. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 270.75 crore, up 184.88%, with EBITDA margin expanding to 39.82% from 29.34% in the previous year.

Module production reached 1,051 MW during FY26, compared to 589 MW in FY25, indicating a significant scale-up in manufacturing activity.

For the quarter ended March 31, 2026 (Q4 FY26), the company reported PAT of Rs 42.00 crore and EBITDA of Rs 64.33 crore. Revenue for the quarter was Rs 83.10 crore, lower year-on-year due to a change in business mix. However, EBITDA increased by 28.20% during the quarter, with EBITDA margin rising to 77.41%, driven by improved cost efficiency and product mix.

Commenting on the performance, Jignesh Rathod, Director and Chief Executive Officer, said that FY26 marked a significant phase in the company’s turnaround, supported by improvements in cost efficiency, manufacturing, and operations, which contributed to stronger margins.

The company also reported ongoing technology upgrades, including the introduction of G12 solar module manufacturing capabilities to meet demand for higher-efficiency products.

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