Indosolar Records Turnaround With Strong FY26 Gains

22 Apr 2026 CW Team

In the fourth quarter the company reported revenue from operations of Rs 831.0 mn, down from Rs 1,920.0 mn a year earlier, which the company attributed to a shift from direct distribution and trading towards tolling contracts. EBITDA in the quarter was Rs 643.3 mn, representing a gain of 28.20 per cent year on year, and quarterly profit after tax rose by 4.90 per cent to Rs 420.0 mn. Annual EBITDA margin stood at 29.34 per cent and annual profit after tax margin was 36.19 per cent, while the reported quarter saw an EBITDA margin of 39.82 per cent.

The board approved the appointment of an additional independent director and the appointment of a chief financial officer and key managerial officer during the year. Management said the year featured improvements in cost efficiency, manufacturing and operations that contributed to margin gains and that the company had invested in upgrading technology including the introduction of G12 solar module manufacturing. Management stated these measures supported higher efficiency products aligned with market demand and underpinned the turnaround.

Indosolar Limited operates a module manufacturing facility with capacity of one point three gigawatt (GW) at Noida and is a subsidiary of Waaree Energies Limited, which the company describes as India’s largest solar module manufacturer. The company included a safe harbour caution that forward looking statements are subject to risks and uncertainties and are not guarantees of future performance. Investor relations contacts were provided by the company for information.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Indosolar Limited reported a significant turnaround in fiscal year twenty six with revenue from operations of Rs 6.80 bn, EBITDA of Rs 2.71 bn and profit after tax of Rs 2.47 bn, alongside module production of 1,051 megawatt (MW). The figures convert crore amounts reported by the company into million (mn) and billion (bn) units for clarity. Revenue for the year rose by 109.89 per cent year on year to Rs 6,798.5 mn, while EBITDA increased by 184.88 per cent to Rs 2,707.5 mn and profit after tax rose by 350.16 per cent to Rs 2,466.0 mn. In the fourth quarter the company reported revenue from operations of Rs 831.0 mn, down from Rs 1,920.0 mn a year earlier, which the company attributed to a shift from direct distribution and trading towards tolling contracts. EBITDA in the quarter was Rs 643.3 mn, representing a gain of 28.20 per cent year on year, and quarterly profit after tax rose by 4.90 per cent to Rs 420.0 mn. Annual EBITDA margin stood at 29.34 per cent and annual profit after tax margin was 36.19 per cent, while the reported quarter saw an EBITDA margin of 39.82 per cent. The board approved the appointment of an additional independent director and the appointment of a chief financial officer and key managerial officer during the year. Management said the year featured improvements in cost efficiency, manufacturing and operations that contributed to margin gains and that the company had invested in upgrading technology including the introduction of G12 solar module manufacturing. Management stated these measures supported higher efficiency products aligned with market demand and underpinned the turnaround. Indosolar Limited operates a module manufacturing facility with capacity of one point three gigawatt (GW) at Noida and is a subsidiary of Waaree Energies Limited, which the company describes as India’s largest solar module manufacturer. The company included a safe harbour caution that forward looking statements are subject to risks and uncertainties and are not guarantees of future performance. Investor relations contacts were provided by the company for information.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..