Solex Energy Fy25-Revenue Up 81%, Profit Soars 390%

Continuing with the trend of improving margins at Solar module makers, Gujarat-based  Solex Energy Limitedhas announced its audited financial results for the fiscal year ended March 31, 2025. The company delivered a robust performance, with consolidated revenues reaching ₹ 665.82 crore, a significant 81% year-on-year growth compared to ₹ 368.02 crore in FY 2023-24.

Solex Energy also reported a remarkable 390% increase in Profit After Tax (PAT), soaring to ₹ 42.79 crore from ₹ 8.73 crore in the previous year. The company’s earnings per share (EPS) rose to ₹ 43.82, reflecting a 301% growth year-on-year.

Key Consolidated Financial Highlights (FY 2024-25):

·       Total Income: ₹ 665.82 crore (81% growth YoY)

·       Profit After Tax (PAT): ₹ 42.79 crore (390% growth YoY)

·       Earnings Per Share (EPS): ₹ 43.82 (301% growth YoY)

·       Net Worth: ₹ 160.63 crore (247.39% growth YoY)

·       EBIDTA: ₹ 73.12 Crore (157% growth YoY)

A dividend of ₹0.55 has been declared for Fy25 by the firm. As it is listed on the SME board at NSE< Solex does not need to file results for each quarter, making number for the previous quarter sequentially unavailable to report on.

The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan.

Chetan Shah, Chairman & Managing Director, Solex Energy Limited, said, “Our FY 2024-25 performance is a clear reflection of Solex Energy’s unwavering commitment to excellence, customer trust, and operational agility. As India accelerates its renewable energy ambitions, we are steadfast in our vision 2030, to become the country’s most trusted solar energy partner, driving sustainable solutions that empower industries, communities, and future generations.”

With a strong balance sheet, expanding project pipeline, and strategic focus, Solex Energy is well-positioned to capitalize on India’s energy transition towards a net-zero future.

Solex has a global factory in Tadkeshwar, Gujarat, with a 1.5 GW production capacity for PV modules.