NewsEarningsSolarWorld Energy Solutions Reports Strong Q1 Performance, Appoints New Secretarial AuditorSolarWorld Energy Solutions Reports Strong Q1 Performance, Appoints New Secretarial Auditor
SolarWorld Energy Solutions Limited announced robust Q1 FY26 financial results. Revenue surged 202.30% to ₹682.40 crore, EBITDA grew 21.40% to ₹88.30 crore, and PAT increased 386.70% to ₹129.10 crore. The company expanded manufacturing capabilities, commissioning a 1.2 GW solar module line and procuring a 3.4 GW Lithium-ion cell to battery pack line. SolarWorld's order book stood at ₹25,278.14 crore as of July 31, 2025. The company is executing 765 MW of EPC projects and 325 MW of BESS projects. The Board approved the appointment of M/s. P Arora & Associates as Secretarial Auditor for a five-year term.
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SolarWorld Energy Solutions Limited, a leading provider of solar EPC and clean energy solutions, has announced robust financial results for the first quarter, along with key strategic developments.
Financial Highlights
The company reported significant year-on-year growth in its Q1 financial performance:
| Particulars (₹ in crore) | Q1 FY26 | Q1 FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 682.40 | 225.70 | 202.30% |
| EBITDA | 88.30 | 72.80 | 21.40% |
| EBITDA Margin | 12.90% | 32.20% | -19.30pp |
| Profit After Tax (PAT) | 129.10 | 26.50 | 386.70% |
| PAT Margin | 18.90% | 11.70% | +7.20pp |
SolarWorld's revenue from operations surged by 202.30% to ₹682.40 crore, compared to ₹225.70 crore in the same quarter last year. The company's EBITDA grew by 21.40% to ₹88.30 crore, although the EBITDA margin contracted to 12.90% from 32.20%. Notably, the Profit After Tax (PAT) saw a substantial increase of 386.70%, reaching ₹129.10 crore, with the PAT margin improving to 18.90%.
Operational Updates
SolarWorld Energy Solutions has made significant strides in expanding its manufacturing capabilities:
- Solar Module Manufacturing: The company has commissioned a 1.2 GW G12R solar module manufacturing line, enhancing its backward integration and high-efficiency module production.
- Battery Energy Storage Systems (BESS): A 3.4 GW Lithium-ion cell to battery pack line has been procured, with installation expected to be completed by November 2025 and commissioning targeted for January 2026.
- Junction Box Manufacturing: A 5 GW junction box line is being established through a joint venture, with operations expected to commence by January 2026.
- Solar Cell Manufacturing: The company has initiated work on a 1.2 GW solar cell manufacturing facility, projected to be operational between December 2026 and March 2027.
Order Book and Future Outlook
As of July 31, 2025, SolarWorld's order book stood at ₹25,278.14 crore, indicating strong growth potential. The company is currently executing 765 MW / AC (994 MW / DC) of ongoing EPC projects and has 325 MW / 650 MWh of BESS projects in progress.
Corporate Governance
SolarWorld's Board of Directors has approved the appointment of M/s. P Arora & Associates as the company's Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. P Arora & Associates, a 7-year-old company secretarial firm led by Preeti Arora, brings expertise in company law, compliance, and corporate restructuring.
Management Commentary
Kartik Teltia, MD & CEO of SolarWorld Energy Solutions, commented on the results: "Our first quarter as a listed company has delivered a strong start to the fiscal year, reflecting continued execution strength across our EPC and manufacturing operations. With over 765 MW of EPC projects under execution and an expanding BESS pipeline, we are confident of sustaining revenue growth in the coming quarters."
SolarWorld Energy Solutions continues to align its growth strategy with India's renewable energy goals, leveraging its integrated approach to solar and energy storage solutions to capitalize on the country's expanding clean energy market.
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