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)                

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?