Insolation Energy FY26 Revenue Surges 61% to ₹2,163.52 Cr; PAT Up 59.75%
Insolation Energy Limited reported a 61.02% YoY revenue increase to ₹2,163.52 crore for FY26. PAT grew by 59.75% to ₹200.63 crore. The company expanded module capacity to 5.5 GW and is developing solar cell and aluminium frame manufacturing facilities. INA also migrated to the Main Board of NSE and BSE.
The substantial financial growth, capacity expansion, and strategic backward integration initiatives are likely to have a significant positive impact on the company's market position and future performance.
The company reported strong financial growth with significant increases in revenue, EBITDA, and PAT, along with strategic progress in capacity expansion and backward integration.
Insolation Energy Limited (INA) has announced its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company reported a significant year-on-year revenue growth of 61.02%, reaching ₹2,163.52 crore for FY26, compared to ₹1,343.62 crore in FY25.
EBITDA saw a substantial increase of 76.50% to ₹304.61 crore, up from ₹172.58 crore in the previous year. Profit After Tax (PAT) also grew by 59.75%, amounting to ₹200.63 crore for FY26, an increase from ₹125.59 crore in FY25. The company's EBITDA margin improved by 124 basis points to 14.08% in FY26.
Key business highlights for FY26 include the successful migration to the Main Board of NSE and BSE, an expansion of module manufacturing capacity to 5.5 GW, and continued progress on backward integration with the development of a 4.5 GW TOPCon solar cell manufacturing facility and an 18,000 MTPA aluminium frame manufacturing facility in Narmadapuram, Madhya Pradesh. The company also advanced execution across KUSUM-linked projects and expanded its IPP portfolio to approximately 400 MW.
Management commentary highlighted FY26 as a defining year with scaled operations and strong financial growth. The migration to the Main Board was noted as a significant milestone. The company expressed confidence in sustaining growth momentum and strengthening margins over the coming years, driven by India's domestic solar manufacturing cycle and INA's integrated value-chain strategy. For FY27, INA plans to focus on commissioning its integrated solar cell and aluminium frame manufacturing facilities, scaling module manufacturing, and expanding its market presence.
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