Australian Premium Solar (India) Limited — PPTs, 21-05-2025: Investor Presentation

1. Financial Highlights:

Australian Premium Solar (APS) reported total income rising to ₹435.05 Cr in FY25 from ₹150.32 Cr in FY24. EBITDA soared to ₹57.85 Cr (13.3% margin) versus ₹9.98 Cr (6.64%), while PAT grew to ₹38.83 Cr (8.92% margin) from ₹6.15 Cr. Net worth improved to ₹86.96 Cr, supported by a low net debt/equity ratio of 0.09x, indicating strong financial health.

2. Strategic Initiatives & Growth Drivers:

APS is boosting manufacturing with an 800 MW TOPCon solar module facility, aiming for 400 MW operational by Q1 FY26. Plans to start 4 GW solar cell production within 18-24 months target vertical integration and margin gains. The solar pump segment is expected to contribute around 30% of revenues by FY25. Market expansion is underway across Maharashtra, Haryana, Jharkhand, Rajasthan, Tripura, and Madhya Pradesh.

3. Business Developments:

The company has acquired advanced machinery for TOPCon module production, with commissioning slated by August 2025. APS is scaling up EPC services to improve margins and has initiated efforts to explore exports to the U.S. and neighboring regions, diversifying revenue streams.

4. Market Position & Competitive Advantage:

APS leads Gujarat’s rooftop solar market, known for quality local manufacturing of solar panels, inverters, and water pumps. Strong domain expertise, fully organic sales, 600 MW+ manufacturing capacity, and 12,000+ installations underpin its leadership. Planned cell manufacturing adds backward integration benefits, enhancing cost competitiveness and scale.

5. Investor Implications:

Robust revenue and margin growth plus capacity expansion position APS to benefit from rising solar demand in India. Vertical integration and diversification into solar pumps and EPC services offer strong margin improvement potential. Execution risks around scaling production and new markets remain, but outlook signals positive growth potential for investors.