Insolation Energy FY26 revenue jumps 61% to Rs 2,163 crore
Insolation Energy Limited reported audited financial results for the fourth quarter and financial year ended March 31, 2026, recording strong growth in revenue, profitability, and manufacturing capacity expansion.
Revenue from operations for FY26 rose 61.02% year-on-year (YoY) to Rs 2,163.52 crore from Rs 1,343.62 crore in FY25. Net profit increased 59.75% to Rs 200.63 crore, compared to Rs 125.59 crore in the previous fiscal year. The company reported a profit after tax (PAT) margin of 9.27%.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the full year grew 76.50% YoY to Rs 304.61 crore. EBITDA margin expanded to 14.08% from 12.84% in FY25, reflecting an improvement of 124 basis points.
In Q4 FY26, revenue from operations nearly doubled to Rs 792.38 crore, marking a 99.87% YoY increase from Rs 396.45 crore in the corresponding quarter last year. Quarterly net profit rose 64.76% YoY to Rs 69.84 crore, while PAT margin stood at 8.81%.
The company said growth during the year was supported by strong demand across utility-scale, commercial and industrial (C&I), rooftop, and government-backed renewable energy projects.
During FY26, Insolation Energy completed its migration to the Main Board of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company expanded its installed solar photovoltaic (PV) module manufacturing capacity to 5.5 GW through the ramp-up of its automated INA3 manufacturing facility.
The company also reported progress in its backward integration plans, including development of a 4.5 GW tunnel oxide passivated contact (TOPCon) solar cell manufacturing facility and an 18,000 metric tonnes per annum (MTPA) aluminium frame manufacturing plant at Narmadapuram in Madhya Pradesh. Its captive independent power producer (IPP) portfolio currently stands at around 400 MW.
Manish Gupta, Chairman, said FY26 marked a significant year for the company as it expanded operations and strengthened its manufacturing base. Vikas Jain, Managing Director, said India’s domestic solar manufacturing momentum and the company’s integration strategy support its long-term growth outlook.
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