Alpex Solar Limited — Results, 11-08-2025: Integrated Filing- Financial

Alpex Solar Ltd. reports strong Q1 FY26 consolidated financial results.

**1) Revenue Performance:** Total revenue from operations surged to ₹380.32 Cr, marking an impressive ~396% Year-on-Year growth from ₹76.73 Cr in Q1 FY25. This significant jump reflects robust demand and operational scaling in solar PV modules, EPC, and pumps.

**2) Profitability and EPS:** Net profit for the quarter stands at ₹4.23 Cr, a ~299% increase from ₹1.06 Cr in the same period last year. Basic EPS for the quarter is ₹17.28, up from ₹0.43. While profits soared, the net profit margin slightly dipped from 1.38% to 1.11%, indicating increased costs as operations scale rapidly.

**3) Operational Costs:** All major expenses, including material costs, employee benefits, finance costs, and depreciation, have seen substantial increases, aligning with the massive revenue growth. This suggests significant ramp-up in production and operational activities.

**5) Balance Sheet / Cash Flow Health:** The company plans to raise ₹261.16 Cr through preferential allotment of equity and warrants, a move that will bolster its financial position for ongoing expansion.

**6) Management Commentary / Strategic Outlook:** Alpex Solar is in a major expansion phase, targeting 2.4 GW solar module capacity and starting trial production for solar cells. By FY27, they aim for 1.6 GW solar cells, 3.6 GW modules, and 12000 MTPA aluminum frames. They’ve also secured orders worth ₹155.45 Cr for FY26 and acquired Chandra Energy Private Limited, an SPV for EPC projects.

**7) Final Takeaway:** The results highlight strong growth momentum backed by aggressive expansion plans and strategic capital raises, signaling a positive outlook for future performance.