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Solarium Green Energy Ltd

Q2 FY26Construction

Solarium Green Energy Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹152
Market cap₹357 Cr
P/E19.5
Updated23 Aug 2026
Read4 min read

The short version

Solarium aims to sustain its historical growth trajectory, having quadrupled its EPC segment revenue over two years (FY23 to FY25). Solarium expects continued strong growth in EPC segment, having grown 4x over two years (FY 2023-25) and aims to sustain this momentum.

From Solarium Green Energy Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Solarium aims to sustain its historical growth trajectory, having quadrupled its EPC segment revenue over two years (FY23 to FY25).
  • The company targets a 75%-80% capacity utilization of its new solar module manufacturing plant by end of Q2 FY27.
  • Revenues from module sales are expected to begin flowing in from Q4 FY26, with captive consumption of modules initially at 40%-50%, scaling up over time.
  • Order pipeline remains strong with an unexecuted order book of INR 229 crores, L1 orders of INR 209 crores, and a bidding pipeline exceeding INR 900 crores.
  • Residential segment expanded to 25 additional cities through the Solarium Saarthi initiative, onboarding approximately 450 franchise partners.

2 more points from Solarium Green Energy Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

  • Solarium Green Energy is setting up a 1,000 MW solar module manufacturing plant.
  • Machinery for the plant is expected to ship from China later this week and arrive in India by mid to late December.
  • Installation will take about 2 weeks, followed by 2-3 weeks of trial runs.
  • Target to have the manufacturing plant fully operational between mid-January to end of January 2026.
  • Working capital of INR 80-100 crores is allocated specifically for manufacturing plant operations, expected to be utilized starting Q4 FY2026.
  • The company aims for backward integration via this manufacturing facility while continuing its execution-focused business.

2 more points from Solarium Green Energy Ltd's call on capex

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Unexecuted order book as of H1 FY26 stands at INR 229 crores.
  • L1 (Letters of Intent) orders total INR 209 crores.
  • Bidding pipeline exceeds INR 900 crores.
  • Execution timeline for unexecuted orders expected mostly by Q1 FY27, with most within the current year.
  • The company anticipates converting L1 orders and bids into long-term agreements by end of Q4 FY26.
  • Strong order visibility provides growth clarity for several upcoming quarters.

2 more points from Solarium Green Energy Ltd's call on order book

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What Solarium Green's management said in earlier quarters

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Frequently Asked Questions

What were Solarium Green Energy Ltd Q2 FY26 results?

Solarium aims to sustain its historical growth trajectory, having quadrupled its EPC segment revenue over two years (FY23 to FY25). Solarium expects continued strong growth in EPC segment, having grown 4x over two years (FY 2023-25) and aims to sustain this momentum.

What is Solarium Green Energy Ltd share price analysis?

Solarium Green Energy Ltd currently shows a neutral. The stock trades at a P/E of 19.5 with a market cap of ₹357 Cr. Investors should review the full earnings analysis for detailed insights.

Is Solarium Green Energy Ltd planning capital expenditure?

Solarium Green Energy is setting up a 1,000 MW solar module manufacturing plant.

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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.