Alpex Solar Limited — Results, 22-05-2025: Integrated Filing- Financial

Alpex Solar Limited has announced a board meeting to consider the financial results for the quarter and half-year.

**Revenue Performance:** Consolidated revenue rose to ₹780.15 Cr, up from ₹692.70 Cr YoY, driven by solar module manufacturing and solar pump assembly.

**Profitability and EPS:** Net profit stood at ₹15.22 Cr with an EPS of ₹2.43. Margins faced pressure from rising input costs but were partly offset by better operational efficiencies.

**Operational Costs:** Material and employee expenses increased moderately as production capacity expanded. Depreciation and finance costs edged higher due to capacity additions and lease obligations, though overall cost management reflects improving scale benefits.

**Key Metrics:** EBITDA reached ₹85.03 Cr, maintaining margins near 11%. Capacity expansion at Greater Noida from 900 MW to 1200 MW supports future growth. Investments continue in solar module and aluminium frame manufacturing facilities.

**Balance Sheet / Cash Flow Health:** Net borrowings remain moderate at ₹106.4 Cr, with cash balances improving to ₹26.32 Cr. IPO proceeds are funding capex for capacity and new units. Operating cash flow stayed positive, underpinning liquidity.

**Strategic Outlook:** The company’s focus on capacity expansion and new manufacturing setups in Madhya Pradesh and Uttar Pradesh aims to strengthen market position despite competitive pressures.

Alpex Solar demonstrates steady growth with ongoing capacity ramp-up boosting future prospects. Retail investors can see this as stable progress, balancing short-term margin pressures with long-term strategic investments.