Insolation Energy Limited reported a 59.75% increase in consolidated net profit to ₹200.63 crore for the fiscal year ended March 31, 2026, driven by a 61.02% surge in revenue from operations to ₹2,163.52 crore. The strong performance was underpinned by scale expansion and progress in integrated manufacturing, with the company successfully migrating to the Main Board of NSE and BSE during the year. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 25, 2026. The company filed an investor presentation regarding these results with the exchanges on May 26, 2026.

Full Year Financial Performance

For the full year ended March 31, 2026, the company reported a consolidated revenue from operations of ₹2,163.52 crore, a 61.02% increase compared to ₹1,343.62 crore in the previous year. Profit for the period rose to ₹200.63 crore, up from ₹125.59 crore in FY25. EBITDA for the year grew 76.50% year-on-year to ₹304.61 crore, with an EBITDA margin of 14.08%.

The following table summarises the consolidated full year performance:

Q4 Performance

The fourth quarter results reflected strong year-on-year growth across key metrics. Consolidated revenue for Q4FY26 stood at ₹792.38 crore, compared to ₹396.45 crore in the same period of the previous year. Consolidated net profit for the quarter increased 64.76% to ₹69.84 crore, up from ₹42.39 crore year-on-year. The company's Q4 EBITDA also showed notable improvement, rising to ₹109.10 crore from ₹57.07 crore in the year-ago period. However, the EBITDA margin saw a marginal contraction to 13.77% from 14.40%.

Business Highlights

Insolation Energy achieved strong revenue growth driven by higher dispatches across utility-scale, C&I and distributed solar segments. The installed module manufacturing capacity expanded to 5.5 GW, supported by the ramp-up at the highly automated INA3 manufacturing facility. The company continued progress on its strategic backward integration roadmap through the development of a 4.5 GW TOPCon solar cell manufacturing facility and an 18,000 MTPA aluminium frame manufacturing facility at Narmadapuram, Madhya Pradesh.

Future Guidance and Capex

Management stated that the 4.5 GW TOPCon solar cell facility is targeted for commissioning in Q3 of FY27, with the aluminium frame facility expected to be commissioned in Q1 of FY27. The company anticipates that the operationalization of the cell line will enhance EBITDA margins to 17%-18% from the current 14%. For FY27, the company targets a production and sales volume of 2 GW from the module line. The total capex planned for FY27 is approximately ₹2,500 crore, including ₹1,500 crore for the cell line and ₹1,000 crore for IPP projects under the KUSUM scheme. The company also announced plans for a future 4.5 GW wafer and ingot manufacturing facility, for which the detailed project report (DPR) is currently under preparation.

Insolaton Energy Limited has confirmed that its promoters and promoter group did not create any encumbrance on their shareholdings during the Financial Year 2025-26. The disclosure, submitted to the stock exchanges, ensures compliance with regulatory requirements regarding substantial acquisition of shares and takeovers. This declaration provides clarity to investors regarding the status of shares held by key stakeholders during the specified period.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates that companies disclose any encumbrance created by promoters over the shares held by them. The confirmation indicates that no such direct or indirect encumbrance was made by the promoters, promoter group, or persons acting in concert during FY 2025-26.

The disclosure was signed by Manish Gupta and Vikas Jain on behalf of the promoters and promoter group of Insolaton Energy Limited. Copies of the declaration were forwarded to the Audit Committee and the Company Secretary of the company for their records.

Key Disclosure Details