Insolation Energy Posts 25.6% Revenue Growth in H1 FY26

20 Nov 2025 CW Team

Insolation Energy Limited has reported a strong financial performance for the first half of FY26, registering 25.6 per cent year-on-year revenue growth to Rs 7.767 billion. The solar module manufacturer also posted a 60-basis-point improvement in EBITDA margin to 14.7 per cent, supported by healthy demand across customer segments despite industry-wide disruptions from an extended monsoon.

Chairman Manish Gupta stated that the company’s growth reflects the strength of its business model and focused execution. Insolation’s newly commissioned 3 GW solar module facility and the upcoming commissioning of an additional 1.5 GW by the end of Q3 FY26 are expected to further enhance its market position. He added that construction is underway for a 4.5 GW solar cell plant and an 18,000 MTPA aluminium frame facility, targeted for commercialisation by H2 FY27, marking a major step towards deeper vertical integration and strengthening India’s domestic solar manufacturing ecosystem.

Managing Director Vikas Jain highlighted the benefits of scale, noting that EBITDA increased to Rs 1.13 billion and PAT rose to Rs 800 million. He said the INA 3 facility—among India’s most advanced N-type TOPCon module plants—has commenced production on two lines totalling 3 GW, with a further 1.5 GW line expected to start by Q3 FY26. The company anticipates sustained demand across all segments and remains confident of long-term value creation for shareholders.

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