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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code