News and Events

Q3 EBITDA Surges 2.7x to ₹81.7 Crore; Robust Order Book of 2.1 GW

Jaipur, Rajasthan | February 12, 2026:

Insolation Energy Limited (BSE SME: 543620), one of India’s leading solar PV module manufacturing companies, announced its unaudited financial results for the third quarter and nine months ended FY26.

The Company reported revenue of ₹1,352 crore for 9M FY26, registering a 44% year-on-year growth, while Q3 FY26 revenue increased by 77% YoY to ₹575.3 crore.

EBITDA for 9M FY26 stood at ₹195.5 crore with a margin of 14%, while Q3 FY26 EBITDA grew by 175% YoY to ₹81.7 crore.

Profit After Tax (PAT) stood at ₹130.8 crore for 9M FY26 and ₹50.7 crore for Q3 FY26.

Production and Manufacturing Update

During Q3 FY26, the Company achieved production of 356 MW and dispatches of 364 MW. The total installed solar module capacity has reached 5.5 GW.
A strong order book of 2.1 GW provides clear demand visibility for the upcoming quarters.

The Company’s Solar Cell and Aluminium Frame manufacturing unit at Narmadapuram, Madhya Pradesh, is progressing as per schedule. This expansion will further strengthen Insolation Energy’s end-to-end manufacturing capabilities, while enhancing cost efficiency and supply chain control.

Management Commentary

Mr. Manish Gupta, Chairman, said:

“EBITDA for Q3 FY26 stood at ₹81.7 crore, reflecting a 2.7x growth compared to the same period last year. This strong performance was driven by an improved product mix, stringent cost controls, and operating leverage. Despite volatility in sector pricing, we have maintained EBITDA margins of 14% and surpassed our full-year FY25 performance within the first nine months of FY26.”

Mr. Vikas Jain, Managing Director, added:
“Automation, quality, and end-to-end manufacturing control remain central to our strategy. This expansion enables greater control over the value chain, ensuring sustainable competitive advantage and scalable long-term growth.”