Australian Premium Solar (India) Ltd
Australian Premium Solar (India) Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #39 of 58 in Electrical Equipment
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The short version
The company expects strong growth driven by increasing demand for renewable energy in India. Company expects better financial performance than last year with sustained or slightly improved margins over the next few quarters.
From Australian Premium Solar (India) Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects strong growth driven by increasing demand for renewable energy in India.
- Total income for H1 FY26 showed an 84.5% YoY growth, indicating ongoing momentum.
- They project 35-40% of revenue from the solar pump segment in the current financial year.
- EPC division (C&I segment) anticipates 15-20% growth, expanding beyond Gujarat to Maharashtra and Rajasthan.
- Wholesale distribution is expected to contribute about 50% of revenue, expanding to multiple new states.
- Capacity expansion to 1.2 GW (800 MW existing plus 400 MW coming soon) will support higher volumes.
- The company targets a 75%+ CAGR for the current and coming financial years.
2 more points from Australian Premium Solar (India) Ltd's call on revenue
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Profitability & Margins
See what Australian Premium Solar (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- APS is advancing backward integration by adding a 4 GW solar cell manufacturing facility.
- The first phase includes a 1 GW machinery setup requiring INR 900-950 crore CapEx.
- Funding for this CapEx is expected to be 30% equity and 70% debt.
- The solar cell manufacturing facility land has been identified in Gujarat; water approvals are in process.
- APS already has long-term contracts for local solar cell supply and is eager to start solar cell manufacturing soon.
- APS is also interested in battery energy storage, monitoring its maturation especially from international markets.
2 more points from Australian Premium Solar (India) Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Australian Premium Solar (India) Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Solar Pump segment order book: INR 310 crores, executable over the next 4 to 6 months.
- Distribution segment: Orders are taken monthly; no fixed long-term order book due to price fluctuations.
- Retail segment: Receives orders daily; operates on a demand basis.
- Capacity constraints previously limited order execution to about 400 MW.
- Current capacity: 400 MW monocrystalline + 400 MW TOPCon.
2 more points from Australian Premium Solar (India) Ltd's call on order book
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What Australian Premium Solar (India) Ltd's management said in earlier quarters
Others in Electrical Equipment this season
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The outstanding order book is at a record ₹22.2 billion, which is 24% higher year-over-year. Key concall takeaways from Triveni Turbine's Q2 FY26 earnings call…
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Australian Premium Solar (India) Ltd Q2 FY26 results?
The company expects strong growth driven by increasing demand for renewable energy in India. Company expects better financial performance than last year with sustained or slightly improved margins over the next few quarters.
What is Australian Premium Solar (India) Ltd share price analysis?
Australian Premium Solar (India) Ltd currently shows a neutral. The stock trades at a P/E of 9.2 with a market cap of ₹523 Cr. Investors should review the full earnings analysis for detailed insights.
Is Australian Premium Solar (India) Ltd planning capital expenditure?
APS is advancing backward integration by adding a 4 GW solar cell manufacturing facility.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.