Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Unaudited Financial Results Submission

Audit Opinion:

Clean opinion - The limited review report does not have any modification/qualification.

Key Financial Highlights [₹ in Millions]:

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹2,725.82 (vs. ₹1,550.17 in Q2 FY26, +75.9% YoY)
  • Total Income: ₹2,743.09
  • Net Profit: ₹38.93 (vs. ₹57.84 in Q2 FY26, -32.6% YoY)
  • EPS: ₹3.54 (vs. ₹4.83 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,334.05 (vs. ₹4,146.29 in H1 FY26, +28.6% YoY)
  • Total Income: ₹5,399.42
  • Net Profit: ₹121.48 (vs. ₹304.92 in H1 FY26, -60.2% YoY)
  • EPS: ₹10.93 (vs. ₹27.20 in H1 FY26)

Financial Position (Consolidated as of September 30, 2026):

  • Cash and Cash Equivalents: ₹60.65 (vs. ₹763.85 at March 31, 2026)
  • Total Debt: Short-term borrowings ₹1,814.05 + Long-term borrowings ₹1,147.90 = ₹2,961.95
  • Other Equity: ₹2,533.05
  • Total Assets: ₹10,846.16

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹2,531.34
  • Net Profit: ₹36.23
  • EPS: ₹3.35

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,125.53
  • Net Profit: ₹107.59
  • EPS: ₹9.97

Segment-wise Performance:

The company operates in a single segment - manufacturer of modules and Engineering, Procurement and Construction (EPC) in the solar energy market.

Subsidiary Performance:

  • Solex Green Energy Private Limited: Q2 Revenue ₹212.22 million, Profit ₹2.97 million; H1 Revenue ₹458.37 million, Profit ₹14.33 million
  • Solex New Energy Private Limited: No revenue or profit reported
  • Solex BESS Private Limited: No revenue or profit reported

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks announced.

Other Significant Information:

  • The financial results include 3 subsidiaries with consistent accounting policies
  • Previous periods numbers have been regrouped/rearranged for current period presentation
  • No discontinued operations during the period
  • Significant cash outflow from operating activities: ₹(1,033.51) million for H1 FY27