Alpex Solar Limited — PPTs, 28-11-2025: Investor Presentation

Alpex Solar delivered strong performance, with H1 FY26 revenue surging to ₹903.24 Cr (3.41x YoY) and PAT climbing to ₹94.95 Cr (3.83x YoY). Q2 FY26 also showed robust growth across revenue, EBITDA, and PAT. This strong showing is primarily driven by its PV module manufacturing and solar pump EPC services within the domestic market.

The company is strategically focused on aggressive capacity expansion and backward integration. A key initiative is upgrading its solar cell project to a state-of-the-art 2.2 GW TOPCon manufacturing facility, with a target of 3.6 GW solar module capacity by FY26-27.

Recent developments include trial production for Phase 1 (1.4 GW) of TOPCon solar cells scheduled for Q1 FY26, while module capacity is set to reach 2.4 GW this fiscal year. Expansion into 12,000 MT aluminium frame manufacturing is also underway.

Management highlighted this as their best financial performance to date, expressing a clear vision to become a truly integrated solar products and solutions player, committed to creating stakeholder value.