Alpex Solar’s Q3 Profit Surges 423%, Expands Manufacturing Capacity
POWER & RENEWABLE ENERGY

Alpex Solar’s Q3 Profit Surges 423%, Expands Manufacturing Capacity

Alpex Solar, a Greater Noida-based solar module manufacturer, reported a 137.22% year-over-year (YoY) revenue increase in Q3 FY25, reaching Rs 1.88 billion from Rs 793.05 million a year ago. The company’s net profit soared 422.96% YoY to Rs 235.76 million, compared to Rs 45.08 million last year. Earnings per share (EPS) also rose sharply to Rs 9.63 ($0.11) from Rs 2.51. 

For the first nine months of FY25, Alpex Solar’s net profit climbed 302.2% YoY to Rs 486.8 million, with revenue increasing 55.20% to Rs 4.54 billion. EPS for the period rose to Rs 19.89 from Rs 6.73 in 9M FY24. 

In February 2024, the company raised Rs 745 million through an IPO. It has since expanded its solar module manufacturing capacity to 1.2 GW and is constructing a 1.6 GW solar cell manufacturing facility, with the first 500 MW phase set to be operational by December 2025 and full operations expected a year later. 

Alpex Solar also plans an additional 1.2 GW module manufacturing plant and an aluminum frame production facility, both slated to begin operations by December 2025. The company was allotted 20 acres of leased land by the Madhya Pradesh government for renewable energy equipment manufacturing and is currently developing a strategy for its use. 
Despite strong growth, the company’s total revenue for the second half of FY25 declined 6% YoY to Rs 2 billion from Rs 2.13 billion. 

(Mercom) 
               

Alpex Solar, a Greater Noida-based solar module manufacturer, reported a 137.22% year-over-year (YoY) revenue increase in Q3 FY25, reaching Rs 1.88 billion from Rs 793.05 million a year ago. The company’s net profit soared 422.96% YoY to Rs 235.76 million, compared to Rs 45.08 million last year. Earnings per share (EPS) also rose sharply to Rs 9.63 ($0.11) from Rs 2.51. For the first nine months of FY25, Alpex Solar’s net profit climbed 302.2% YoY to Rs 486.8 million, with revenue increasing 55.20% to Rs 4.54 billion. EPS for the period rose to Rs 19.89 from Rs 6.73 in 9M FY24. In February 2024, the company raised Rs 745 million through an IPO. It has since expanded its solar module manufacturing capacity to 1.2 GW and is constructing a 1.6 GW solar cell manufacturing facility, with the first 500 MW phase set to be operational by December 2025 and full operations expected a year later. Alpex Solar also plans an additional 1.2 GW module manufacturing plant and an aluminum frame production facility, both slated to begin operations by December 2025. The company was allotted 20 acres of leased land by the Madhya Pradesh government for renewable energy equipment manufacturing and is currently developing a strategy for its use. Despite strong growth, the company’s total revenue for the second half of FY25 declined 6% YoY to Rs 2 billion from Rs 2.13 billion. (Mercom)                

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement