Sahaj Solar Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sahaj Solar posted resilient H1 FY26: Revenue at Rs. 111 Cr (+13% YoY), EBITDA Rs. 11 Cr (+33%, 10% margin), PAT Rs. 5 Cr (5% margin). Debt-to-equity is 0.8%. Management targets a strong H2, expecting Rs. 260-300 Cr revenue and 8.5-9% full-year PAT.

Current order book is Rs. 320 Cr. Highlights include a Rs. 62.8 Cr UPNEDA project and a strategic IDMC partnership to solarize 10,000 milk coolers, projected for Rs. 800-1,000 Cr revenue over 3 years at 18%+ EBITDA. African market expansion includes a 10 MW Zambia EPC deal. Capacity expansion saw delays due to monsoon and a tech upgrade to G12R TOPCon.

The company is confidently pursuing diversified growth segments and global markets to mitigate seasonality and scale.