Solex Energy Ltd
Solex 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
3 of 4 strong
The short version
FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization. Solex Energy targets a top line of INR 26,000 million (INR 2,600 crores) for FY27, with a PAT margin range of 6% to 8%.
From Solex Energy Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization.
- Order book visibility: Over INR 3,400 crores in confirmed and advanced stage orders.
- Sales volume: FY26 module sales exceeded 1 GW; Q4 FY26 utilization was ~70%.
- Expect sustained higher sales in second half of each fiscal year due to seasonality (monsoon impact).
- The company aims to cross the conservative revenue target comfortably.
- Upcoming backward integration with cell and wafer manufacturing expected to enhance margins and support volume growth by FY29.
2 more points from Solex Energy Ltd's call on revenue
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Profitability & Margins
See what Solex Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Solex Energy has planned significant capex for backward integration, including:
- 10 GW of solar module manufacturing capacity.
- 10 GW of solar cell manufacturing capacity (TOPCon plus IBC cells) in two phases: 2 GW and 3 GW.
- 2 GW of wafer and ingot capacity.
- 10 GW of Battery Energy Storage Systems (BESS) capacity in two phases of 5 GW each.
- The company signed an INR 4,000 crore MoU with the Government of Gujarat for this expansion, focusing on cell manufacturing and BESS.
- Cell line commissioning is targeted by end of 2027, with the first 2.2 GW phase operational by Q4 2027.
- BESS will be developed as a separate subsidiary with a clear independent business plan.
- Land acquisition of 60-70 acres is underway, pending connectivity approvals expected by June 2026.
2 more points from Solex Energy 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 Solex Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Solex Energy has an order book visibility of approximately INR 3,400 crores as of May 18, 2026.
- The order book comprises three parts: confirmed Purchase Orders (POs), signed Master Service Agreements (MSAs), and advanced stage orders.
- The company is actively executing these orders while simultaneously bidding for and adding new orders.
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Solex Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹839 Cr, net profit ₹55 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Solex Energy's management said in earlier quarters
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Frequently Asked Questions
What were Solex Energy Ltd Q4 FY26 results?
FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization. Solex Energy targets a top line of INR 26,000 million (INR 2,600 crores) for FY27, with a PAT margin range of 6% to 8%.
What is Solex Energy Ltd share price analysis?
Solex Energy Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 11.3 with a market cap of ₹998 Cr. Investors should review the full earnings analysis for detailed insights.
Is Solex Energy Ltd planning capital expenditure?
Solex Energy has planned significant capex for backward integration, including: - 10 GW of solar module manufacturing capacity.
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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.