Sahaj Solar Limited — Important, 13-02-2025: General Updates

**Financial Highlights:** Sahaj Solar Limited has demonstrated robust growth, with an impressive revenue increase from ₹62 Cr in FY21 to ₹201 Cr in FY24, reflecting a CAGR of 48%. EBITDA margins improved significantly, reaching 12% in FY24, up from 6% two years earlier, indicating enhanced operational efficiency.

**Strategic Initiatives and Growth Drivers:** The company aims to expand its manufacturing capacity from 100 MW to 1600 MW by FY26. Key growth initiatives include participation in government-sponsored solar projects and strategic partnerships to penetrate international markets, particularly in Africa.

**Business Developments:** Sahaj Solar has actively engaged in several projects and partnerships, including a recent bid win under the PM KUSUM scheme for solar water pumping solutions. The company has also secured contracts to produce solar water pumps, contributing significantly to its revenue.

**Market Position and Competitive Advantage:** Positioned in Gujarat, Sahaj Solar is well-placed within the expanding renewable energy sector, leveraging local incentives and a strong manufacturing base to enhance its competitive advantage.

**Investor Implications:** The company's robust growth trajectory and operational improvements provide a positive outlook for investors. Continued government support for solar initiatives and expansion plans into international markets suggest potential for sustained growth and enhanced shareholder value.