Insolation Energy Ltd. Reports Audited FY26 Results: Revenue at ₹2,146 Crore, PAT at ₹201 Crore
Insolation Energy Limited reported audited FY26 results with Revenue from Operations at ₹2,146 Crore, up 61% YoY. PAT increased by 59% to ₹201 Crore. EBITDA grew 79% to ₹305 Crore. The company targets 7 GW module and 4.5 GW cell capacity, with expansion in aluminium frames. INA migrated to the Main Board on March 9, 2026.
The announcement includes strong financial performance metrics, significant capacity expansion plans, and a successful migration to the Main Board, all of which are material information for investors and stakeholders, indicating a high impact.
The company reported significant year-on-year growth in revenue, EBITDA, and profit after tax, along with strong financial ratios and expansion plans, indicating positive performance and future outlook.
Insolation Energy Limited (INA) has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company's Revenue from Operations for FY26 stood at ₹2,146 Crore, marking a significant 61% year-on-year growth. EBITDA also saw a substantial increase, growing by 79% YoY to ₹305 Crore, with an EBITDA margin of 14%. Profit After Tax (PAT) for the financial year was ₹201 Crore, up 59% YoY, maintaining a PAT margin of 9.3%.
For the fourth quarter of FY26, Revenue from Operations reached ₹794 Crore, a 100% increase compared to Q4 FY25. EBITDA for the quarter was ₹111 Crore, up 93% YoY, while PAT stood at ₹70 Crore, a 65% increase YoY. The company highlighted its strong balance sheet with a Net Debt to Equity ratio of 0.5x and a Return on Capital Employed (ROCE) of 19% and Return on Equity (ROE) of 25% for FY26.
The investor presentation also detailed the company's manufacturing capacity expansion. INA targets an installed capacity of 7 GW for modules and 4.5 GW for cells. The company is also expanding into Aluminium frame production with a target capacity of 18,000 MT. Significant progress has been made in their Narmadapuram, MP facility for solar cells and aluminium frames, with a target completion date for COD in Q2 FY27. The company also provided an update on its IPP schedule, with 50 MW project live and 120 MW land cleared, targeting 300 MW+ in FY27.
Insolation Energy Limited also mentioned its migration to the Main Board of BSE and NSE on March 9, 2026. The company emphasized its integrated manufacturing capabilities, diversified distribution channels, strategic expansion into adjacent segments like BESS, a strong financial profile, and the structural tailwinds in the solar industry driven by government initiatives.
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Insolation Energy Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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