Australian Premium Solar (India) Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Australian Premium Solar (APS) reported a strong Q1 FY26. Total income rose 86.60% YoY to `153.23 Cr`, EBITDA grew 118.60% to `21.32 Cr` (13.91% margin), and PAT jumped 124.75% to `14.70 Cr` (9.59% margin).

Management targets `750-800 Cr` turnover for FY26 with stable 12-14% EBITDA margins. A new 400 MW Topcon panel line starts production by October 2025, reaching 1.2 GW total panel capacity by Q1 FY27. Groundwork for a 1 GW solar cell line, 51% owned by APS, is underway for 18-24 month commissioning. The `900 Cr` cell plant, with 30% equity funding, aims for 30-35% IRR and 100-200 bps margin improvement for APS. Domestic demand is robust, keeping focus away from exports.