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News18
22-07-2025
- Business
- News18
Solex Energy revenues grow 84 pc to Rs 260 cr in Q1
Agency: PTI Last Updated: New Delhi, Jul 22 (PTI) Solar PV modules maker and EPC services provider Solex Energy on Tuesday said its revenue rose by 84 per cent to Rs 260 crore in the April-June quarter of 2025-26 compared to the year-ago period. The company, listed on the SME platform of NSE, had revenue of Rs 141 crore in the same quarter of the previous year, it said in an exchange filing. 'Solex Energy has reported a robust start to FY26, achieving Rs 260 crore in consolidated revenue from operations in Q1 an impressive 84 per cent year-on-year growth," the filing said. The company's CMD Chetan Shah said, 'Achieving Rs 260 crore revenues in Q1 is a financial milestone. Solex remains focused on expanding its product portfolio, enhancing automation and efficiency across its manufacturing lines, and investing in next-generation module technology and integrated renewable energy solutions." Gujarat-based Solex Energy is looking to increase its module manufacturing capacity from 1.5 GW to 15 GW, which will cost around Rs 8,000 crore. PTI ABI ABI MR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
13-05-2025
- Business
- Business Standard
Solex Energy net profit up 390% at Rs 42.79 cr in FY25 on higher revenues
Solar solutions provider Solex Energy on Tuesday posted 390 per cent jump in its net profit to Rs 42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues. The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said. According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to Rs 42.79 crore from Rs 8.73 crore in the previous year. The company delivered a robust performance, with consolidated revenues reaching Rs 665.82 crore, a significant 81 per cent year-on-year growth compared to Rs 368.02 crore in FY 2023-24, it stated. The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added. Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is a clear reflection of Solex Energy's unwavering commitment to excellence, customer trust, and operational agility. As India accelerates its renewable energy ambitions, we are steadfast in our vision 2030, to become the country's most trusted solar energy partner, driving sustainable solutions that empower industries, communities, and future generations." Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Its factory in Tadkeshwar, Gujarat, has a 1.5 GW production capacity for PV modules. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
13-05-2025
- Business
- Time of India
Solex Energy net profit rises 390% to ₹42.79 cr in FY25
New Delhi: Solar solutions provider Solex Energy on Tuesday posted 390 per cent jump in its net profit to ₹42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues. The company's Earnings Per Share (EPS) rose to ₹43.82, reflecting a 301 per cent year-on-year growth, a company statement said. According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to ₹42.79 crore from ₹8.73 crore in the previous year. The company delivered a robust performance, with consolidated revenues reaching ₹665.82 crore, a significant 81 per cent year-on-year growth compared to ₹368.02 crore in FY 2023-24, it stated. The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added. Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is a clear reflection of Solex Energy's unwavering commitment to excellence, customer trust, and operational agility. As India accelerates its renewable energy ambitions, we are steadfast in our vision 2030, to become the country's most trusted solar energy partner, driving sustainable solutions that empower industries, communities, and future generations." Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Its factory in Tadkeshwar, Gujarat, has a 1.5 GW production capacity for PV modules.
Time of India
07-05-2025
- Business
- Time of India
Solex Energy bags ₹451 cr order from KPI Green Energy, Energy News, ET EnergyWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App New Delhi: Solex Energy on Wednesday said it has secured a ₹451.41 crore order from KPI Green Energy to supply solar modules . The modules will be used in KPI Green's GUVNL projects , part of their own Independent Power Producer (IPP) portfolio, a company statement part of this agreement, Solex Energy will supply 310 MW of N-Type TOPCon 615Wp glass-to-glass solar PV modules, valued at ₹4,514.09 million (₹451.40 crore).The deliveries will commence from September 2025, demonstrating Solex Energy's readiness to meet the growing demand for advanced solar technology at scale."This significant order reinforces the market's confidence in Solex's technology, reliability, and capacity to execute large-scale projects," said Chetan Shah, Chairman & Managing Director, Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, it serves internationally recognised brands.
Time of India
07-05-2025
- Business
- Time of India
Solex Energy bags Rs 451 cr order from KPI Green Energy
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Solex Energy on Wednesday said it has secured a Rs 451.41 crore order from KPI Green Energy to supply solar modules . The modules will be used in KPI Green's GUVNL projects , part of their own Independent Power Producer (IPP) portfolio, a company statement part of this agreement, Solex Energy will supply 310 MW of N-Type TOPCon 615Wp glass-to-glass solar PV modules, valued at Rs 4,514.09 million (Rs 451.40 crore).The deliveries will commence from September 2025, demonstrating Solex Energy's readiness to meet the growing demand for advanced solar technology at scale."This significant order reinforces the market's confidence in Solex's technology, reliability, and capacity to execute large-scale projects," said Chetan Shah, Chairman & Managing Director, Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, it serves internationally recognised brands.
