Solarworld Energy 387% Profit Jump, Manufacturing Push Gains Steam

The newly NSE-listed Solarworld Energy Solutions earned ₹682.4 million revenue from operations in Q1FY26 for the quarter ended June 30, 2025.  The firm had to hold back results due to its IPO in September, when it issues shares at a proce of Rs 351. The current price is Rs 314, making it one of the few green energy firms to be trading below its IPO price in recent times.

The solar EPC and clean energy solutions provider saw a 202.3% increase YoY compared to Q1 FY25. Whereas, in Q1FY26, its Profit After Tax (PAT) also reached ₹ 129.1 Mn, showing a 386.7% YoY growth over ₹ 26.5 million reported in Q1FY25. The total order book value stood at ₹ 25,278.14 million as of 31st July 2025.

Key Business Updates: 

Solarworld Energy in the latest quarterly results has successfully commissioned a 1.2 GW G12R solar module manufacturing line, reinforcing its backward integration strategy and scaling up the production of high-efficiency solar modules. 

A 3.4 GW Lithium-ion cell to battery pack has been procured, with the site fully prepared for installation. Equipment deliveries are expected to be completed by the end of November 2025, and commissioning is targeted for January 2026. 

Additionally, a 5 GW junction box line is being established through a joint venture partnership. The site is installation-ready, with operations expected to commence by January 2026. 

The Company has also initiated development of its 1.2 GW solar cell manufacturing facility, which is projected to become operational between December 2026 and March 2027, marking a key milestone toward vertical integration and value chain expansion.

Commenting on the Results, Kartik Teltia – Managing Director (MD) and Chief Executive Officer (CEO) said, “ 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. We reported total income of ₹805.5 million and PAT of ₹129.1 million, supported by robust order execution, operational efficiency, and a growing manufacturing base."

He further elaborated, "During the quarter, we commissioned our 1.2 GW G12R solar module line at Roorkee, marking a key milestone in our backward integration roadmap. The ongoing development of our 3.4 GW Battery Energy Storage System (BESS) line and 1.2 GW solar cell manufacturing facility will further strengthen our position as a fully integrated solar and energy storage solutions provider. 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."