Swelect Energy Q3 FY26 Revenue Up 52%; Targets 2 GW Solar+BESS Manufacturing Push

Swelect Energy Systems Ltd., formerly known as NUMERIC Power Systems Ltd., earned a total income of Rs. 147.19 cr in the quarter ended December 31, 2025 (Q3 FY26), marking a 46.7% year-on-year (YoY) increase from Rs. 100.32 cr in the corresponding quarter of FY25.

The Swelect Energy board of directors, in its unaudited financial results for the quarter and nine months ended December 31, 2025, reported revenue from operations of Rs. 138.63 cr for the third quarter of FY26, compared with Rs. 91.38 cr in the third quarter of FY25, representing a 51.7% YoY rise.

Consolidated Results for 9 Months (FY26)

Swelect Energy’s total income ending December 2025 stood at Rs. 483.40 cr for the nine months ended December 31, 2025, Fy26, a 10.9% YoY increase from Rs. 435.75 cr in the corresponding period of FY25. The company’s revenue from operations for the nine months of FY26 stood at Rs. 454.71 cr, compared with Rs. 402.86 cr in the nine months of FY25, a 12.9% YoY increase.

The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (Operational EBITDA) stood at Rs. 142.78 cr for April–December 2025, up 41.2% YoY from Rs. 101.12 cr for April–December 2024.

Profit Before Tax (PBT) stood at Rs. 62.77 cr for the nine months of FY26, a 125.3% YoY rise from Rs. 27.86 cr in the nine months of FY25. Profit After Tax (PAT) stood at Rs. 46.50 cr in the nine months of FY26, compared with Rs. 5.00 cr in the nine months of FY25, marking an 830.0% YoY increase.

The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (Operational EBITDA) stood at Rs. 40.17 cr for the October–December 2025 quarter, up 46.9% YoY from Rs. 27.35 cr in October–December 2024.

Profit Before Tax (PBT) stood at Rs. 14.01 cr for the third quarter of FY26, compared with Rs. 3.00 cr in the third quarter of FY25, reflecting a 367.0% YoY increase. Profit After Tax (PAT) stood at Rs. 9.52 cr in Q3 FY26, as against a loss of Rs. (10.58) cr in Q3 FY25, swinging to profit from a loss.

QoQ & Profit

Income from revenue operations fell to Rs. 6,696.33 lakh in December 2025 from Rs. 9,454.99 lakh in September 2025, marking a 29.2% quarter-on-quarter (QoQ) decline.

Swelect’s Profit After Tax (PAT) fell to Rs. 164.11 lakh from Rs. 619.24 lakh in September 2025, a 73.5% QoQ decline.

For the year ended December 2025, the company earned a profit of Rs. 1,187.16 lakh, up 32.1% YoY from Rs. 898.94 lakh earned in December 2024.

Leadership View

R. Chellappan, Founder & Vice Chairman, SWELECT Energy Systems Ltd. said, “Our results are in line with our expectations. We remain in continual pursuit of our announced goals of achieving 2 GW of manufacturing capacity, 1 GW of IPP assets and 1 GW of EPC orders within a two-year timeframe. We have a strong balance sheet with financial assets greater than 500 cr. and operational IPP assets of 150 MW and the financial strength to achieve these goals. We continue to focus on solutions combining Solar plus BESS leveraging our battery knowledge and experience for more than two decades as a leading UPS manufacturer in India.”

“Our Project Development pipeline is strong with more than 250 MW in TN at various stages of land acquisition and connectivity. We are in the process of broadening our focus on energy sales to C&I customers to states beyond TN to achieve our stated goals of 1 GW of IPP assets. We launched our NUMERGY brand of products in the current quarter (Q4 FY25-26) and expect good traction for it in the next 3-6 months as our distribution network expands across India. We expect our Module Manufacturing Capacity to reach 2 GW in Q1 FY26-27 and have firm tie-ups to get DCR cells for that facility to serve the Indian market.” added Arulkumar Shanmugasundaram, CEO & Managing Director, SWELECT Energy Systems Ltd.