Alpex Solar has reported its audited consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The company recorded a net profit of ₹201.51 crore for FY26, marking an increase of 141.4% compared to ₹83.48 crore in the previous year. Revenue from operations for the fiscal year surged to ₹2,223.27 crore, up from ₹780.15 crore in FY25.

For the quarter ended March 31, 2026, the company posted a net profit of ₹53.27 crore. Revenue from operations for the quarter stood at ₹671.96 crore. The Board of Directors approved the audited standalone and consolidated financial results along with the audit report issued by the statutory auditors.

Financial Performance Summary

The following table outlines the key financial metrics for the consolidated financial results:

Operational Highlights

The company operationalised additional module manufacturing capacity and advanced its 2.2 GW solar cell facility, transitioning to high-efficiency TOPCon technology. During the period, Alpex Solar secured a solar module supply order worth approximately ₹215.20 crore from a leading domestic enterprise, to be executed over six months. Additionally, in April 2026, the company secured an order worth approximately ₹40.92 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of solar water pumps.

Expansion Plans

The G12R TOPCon 3rd Generation Solar Cell Manufacturing Plant with a capacity of 2.2 GW is expected to commence production within the next 90 days. The Board has approved future initiatives for vertical integration, including solar glass manufacturing and ingot and wafer manufacturing, each with a proposed capacity of 5 GW, to be implemented in a phased manner over the next four years.

Alpex Solar Limited has announced a major business development with the securing of an order worth ₹215 crores, representing a significant milestone for the solar equipment manufacturer. This substantial contract is expected to provide a notable boost to the company's financial performance, with projections indicating an increase in annual revenue of approximately 25%.

Order Details and Financial Impact

The secured order demonstrates the company's growing market presence in India's renewable energy sector. The financial implications of this contract are substantial for Alpex Solar , particularly given its current market positioning.

Market Position and Growth Prospects

With a market capitalization of ₹2,000 crores, Alpex Solar operates in the capital goods sector, specifically focusing on electrical equipment for solar applications. The secured order represents approximately 10.75% of the company's current market valuation, highlighting the significance of this business win.

The 25% projected increase in annual revenue indicates strong business momentum and reflects the company's ability to capture opportunities in India's expanding solar energy market. This order win positions the company to strengthen its market share and operational scale.

Business Development Impact

The substantial order value underscores the growing demand for solar equipment and infrastructure in the Indian market. For Alpex Solar, this contract represents not only immediate revenue enhancement but also validates the company's competitive positioning in the renewable energy equipment sector.

The expected revenue boost of 25% annually demonstrates the material impact this single order will have on the company's overall financial performance, potentially improving its growth trajectory and market standing in the solar equipment manufacturing industry.