Alpex Solar Limited — Investor Meet, 22-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Alpex Solar reported strong Q1 FY26 results with revenue jumping from Rs. 76 Cr to Rs. 380 Cr YoY. EBITDA surged from Rs. 4 Cr to Rs. 65 Cr, and PAT from Rs. 1 Cr to Rs. 42 Cr, significantly boosting margins.

The company maintains a 2x growth outlook for FY26 and potentially beyond, expecting improved margins with integrated cell manufacturing (target 35% EBITDA for integrated players). It secured major orders totaling Rs. 989 Cr and holds an order book of approximately Rs. 1,600 Cr for FY26. Key expansions include a 1.6 GW solar cell line and increased module capacity to 3.6 GW by July 2026, funded by internal accruals and minimal debt. Management is confident in India's growing solar market and its strategic vertical integration.