Insolation Energy Ltd
Insolation Energy Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
5 of 5 strong
The short version
FY27 revenue growth target: 50% to 60% growth expected from module segment, aiming to maintain or exceed FY26's ~60% growth rate. EBITDA margins expected to be 14%-15% for FY26, expanding to 20%+ for FY27-'28 with cell line integration.
From Insolation Energy Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue growth target: 50% to 60% growth expected from module segment, aiming to maintain or exceed FY26's ~60% growth rate.
- FY28 revenue target: More than INR 5,000 crores with full-scale operations starting April 1, 2027.
- Production volume for FY27: Targeting 2 gigawatt production and sales from module line, with cell manufacturing sales additional.
- Cell capacity ramp-up: 4.5 gigawatt TOPCon cell line starting operational in Q4 FY26, full capacity utilization by Q1 FY28.
- Future volume targets: Non-DCR capacity of 2 to 2.5 gigawatt with DCR capacity additional to this.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Insolation Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Cell manufacturing plant: 4.5 GW capacity with total capex of INR 1,500 crores, expected operational from Q4 FY27.
- Wafer and Ingot manufacturing: Planning a 4.5 GW facility with estimated capex of INR 1,000-1,200 crores; DPR under progress, finalization expected within 2-3 months. Land (70,000 sqm) secured in Narmadapuram.
- KUSUM IPP projects: Capex of approximately INR 1,000 crores targeting commissioning of 300 MW projects in FY27.
- Aluminium frame factory: Backward integration mainly for internal use to improve margins; contributes to EBITDA growth.
- BESS (Battery Energy Storage Systems): Currently in evaluation phase; no capex planned as of now.
2 more points management made on capital expenditure plans
Top-ranked in Power
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 Insolation Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book size for FY26 is approximately 1.6 to 1.8 gigawatts.
- About 50% of the total capacity for FY27 is already booked.
- Remaining orders are being refilled monthly through a large distribution network across Rajasthan, Delhi NCR, Haryana, MP, and Uttar Pradesh.
- Orders come from utility sector (65%), KUSUM projects (15%), PM Surya Ghar (5%), OEM (5%), and miscellaneous (10%).
- Large EPC orders in the range of 100-500 megawatts are being processed currently.
2 more points management made on order book & pipeline
Insolation Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹794 Cr, net profit ₹70 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Insolation Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Insolation Energy Ltd Q4 FY26 results?
FY27 revenue growth target: 50% to 60% growth expected from module segment, aiming to maintain or exceed FY26's ~60% growth rate. EBITDA margins expected to be 14%-15% for FY26, expanding to 20%+ for FY27-'28 with cell line integration.
What is Insolation Energy Ltd share price analysis?
Insolation Energy Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 11.2 with a market cap of ₹2,183 Cr. Investors should review the full earnings analysis for detailed insights.
Is Insolation Energy Ltd planning capital expenditure?
Cell manufacturing plant: 4.5 GW capacity with total capex of INR 1,500 crores, expected operational from Q4 FY27.
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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.