Financial Performance Overview

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Total Income: INR 209.80 crore (down 9.9% from INR 232.86 crore)
  • Revenue from Operations: INR 202.42 crore (down 7.5% from INR 218.81 crore)
  • EBITDA: INR 42.87 crore (slight increase from INR 42.67 crore)
  • Profit Before Tax (PBT): INR 12.80 crore (down 18.7% from INR 15.74 crore)
  • Profit After Tax (PAT): INR 11.09 crore (up 23.5% from INR 8.98 crore)

Annual Performance (FY26 vs FY25)

  • Total Income: INR 693.21 crore (up 3.7% from INR 668.61 crore)
  • Revenue from Operations: INR 657.12 crore (up 5.7% from INR 621.67 crore)
  • EBITDA: INR 187.46 crore (up 30.4% from INR 143.79 crore)
  • Profit Before Tax (PBT): INR 75.57 crore (up 73.3% from INR 43.6 crore)
  • Profit After Tax (PAT): INR 57.58 crore (up 312.0% from INR 13.98 crore)

Business Segments and Operations

SWELECT Energy Systems has three core business segments:

1. IPP Business with Energy Sales to C&I and Government Customers

2. Ground Mounted and Rooftop EPC business

3. Channel-driven product business (Home, BESS solutions) for Residential and Commercial customers

The company maintains a vertically integrated manufacturing structure producing:

  • Solar Photovoltaic (PV) Modules
  • Module mounting structures (MMS)
  • String Combiner Boxes
  • ACDB
  • DCDB

Strategic Developments

  • Successfully launched BESS portfolio (Battery Energy Storage Systems) in FY26
  • Continuing investments in manufacturing infrastructure for Solar and BESS
  • Focus on "Made In SWELECT" products aligned with Atmanirbhar Bharat mission
  • Target to achieve 1GW IPP portfolio within two-year timeframe

Management Commentary

Mr. R. Chellappan, Founder & Vice Chairman:

  • Emphasized deepened commitment to responsible energy
  • Highlighted successful launch of BESS portfolio
  • Noted continued focus on safety, quality, ESG and customer satisfaction
  • Committed to meeting India's rising need for clean, reliable and locally made solar energy

Dr. Arulkumar Shanmugasundaram, CEO & Managing Director:

  • Highlighted 30% EBITDA expansion to INR 187.46 crore
  • Stated the numbers reflect significant improvement in operating performance
  • Confirmed positioning to reach 1GW IPP portfolio goal within two years

Company Background

  • Established in 1984 as UPS and Power Protection Systems leader
  • Formerly known as NUMERIC Power Systems Ltd.
  • Transitioned from Numeric to SWELECT in 2012, evolving from "Power to Energy"
  • Strong legacy in power electronics and battery energy systems for over two decades