SWELECT Energy Systems Reports Strong Q1 Growth, Approves Solar Subsidiary Expansion
SWELECT Energy Systems Limited reported strong Q1 FY2026 results with consolidated revenue up 55.7% to Rs. 17,722.48 lakhs and profit after tax soaring 220.6% to Rs. 2,113.96 lakhs. The company's Board approved an additional Rs. 9 crore investment in its subsidiary, ESG Green Energy Private Limited, to increase solar power capacity from 16 MW to 25 MW. This will raise total investment in the subsidiary to Rs. 30 crores, reducing SWELECT's stake to 73.98% from 100%.
30May 25
SWELECT ENERGY SYSTEMS Reports Mixed Q4 Results, Declares Dividend
SWELECT ENERGY SYSTEMS announced Q4 financial results with revenue increasing 191.39% to 2.20 billion rupees. EBITDA grew 20.88% to 286.00 million rupees. However, net profit declined 75.51% to 89.00 million rupees. The company declared a dividend of 3.00 rupees per share despite profitability challenges. EBITDA margin decreased to 13.08% from 31.33% year-over-year.
02Apr 25
SWELECT Energy Systems Boosts Renewable Energy Portfolio with Wind and Solar Expansions
SWELECT Energy Systems Limited has enhanced its renewable energy capacity. The company added a 300 KW Solar PV Power Plant with a 200 kWh Battery Energy Storage System to its existing 500 KW Wind Energy Generator in Tamil Nadu. Additionally, its subsidiary, SWELECT Clean Energy Private Limited, commissioned a new 3 MW solar power plant, increasing its total generation capacity to 22 MW.
01Apr 25
SWELECT Energy Systems Boosts Renewable Energy Portfolio with Wind and Solar Expansions
SWELECT Energy Systems has enhanced its renewable energy portfolio. The company upgraded its wind energy facility in Tamil Nadu with a 300 KW Solar PV Power Plant and a 200 kWh Battery Energy Storage System. Additionally, its subsidiary commissioned a new 3 MW Solar Power Plant in Dindigul District, Tamil Nadu, on March 31, 2025, bringing its total power generation capacity to 22 MW.
22Mar 25
SWELECT Energy Systems Invests Rs 2.5 Crore in Subsidiary NOEL Media
SWELECT Energy Systems Limited has approved a Rs 2.5 crore investment in its wholly-owned subsidiary, NOEL Media & Advertising Private Limited. The investment will be made through 2,50,000 Redeemable, Non-Convertible, Non-Cumulative 0.01% Preference Shares at Rs 100 per share. This move aims to meet NOEL's funding requirements while maintaining SWELECT's 100% equity shareholding. NOEL, originally established for advertisement and media business, now operates a 1 MW Solar Power Plant in Tamil Nadu. The transaction is expected to be completed by March 31, 2025.
13Mar 25
Swelect Energy Systems Secures 150 MW Solar Module Orders and Raises ₹290 Crore for Expansion
Swelect Energy Systems has secured orders for over 150 MW of high-efficiency TOPCon Bi-facial solar PV modules. The company has achieved a 100% success rate in module testing. Swelect Group raised ₹290 crore through NCDs, unlocking ₹260 crore in cash collaterals. The funds will be used to expand its IPP portfolio, aiming for 1 GW of solar power assets by 2026-27. For FY 2023, Swelect reported revenues of ₹390.33 crore.
12Mar 25
SWELECT Energy Systems: Secures 150 MW Module Orders, Raises ₹290 Crore for Expansion
SWELECT Energy Systems has secured orders for over 150 MW of high-efficiency TOPCon Bi-facial solar PV modules, demonstrating its technological leadership. The company has also raised ₹290 crore through Non-Convertible Debentures, unlocking ₹260 crore in cash collaterals. SWELECT plans to reinvest these funds to expand its Independent Power Producer portfolio to 1 GW by 2026-27. The company reported revenues of ₹390.33 crore for the financial year ending March 31, 2023.