Alpex Solar Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Alpex Solar’s FY25 revenues doubled to Rs. 780 Cr, with EBITDA rising to Rs. 128 Cr (16.4% margin) and PAT to Rs. 83 Cr (10.7% margin). Q4 saw strong jumps with a 16.7% EBITDA margin. Capacity expanded to 1.2 GW modules, aiming for 2.4 GW plus 1.6 GW cell production. EPC/IP order book is Rs. 1,400 Cr, including a Rs. 349 Cr Coal India order. Rs. 642 Cr CAPEX planned over two years, mainly from internal funds. Management targets 25%+ EBITDA post backward integration, with steady domestic sales and gradual export growth. Green hydrogen remains long-term. Tone: confident on scaling and market capture.