Alpex Solar Limited — PPTs, 10-02-2026: Investor Presentation

Alpex Solar delivered a powerful performance in Q3 FY26, with revenue hitting ₹648 crore, a 3.45x jump year-over-year. Net profit for the quarter surged to ₹54 crore (2.34x YoY). For the nine months of FY26, revenue stood at ₹1,551 crore (3.43x YoY) and net profit at ₹148 crore (3.08x YoY), showcasing consistent sequential growth.

The company is aggressively expanding its capabilities, aiming for 3.6 GW in solar module manufacturing and a significant 2.2 GW in G12R TOPCon solar cell production by FY27. This includes becoming a fully integrated solar solutions provider, from modules and cells to EPC and IPP.

Recent milestones include the operationalization of a 1.2 GW solar module line, boosting total capacity to 2.4 GW, and 6,000 MT of aluminum frame manufacturing now functional. The new 2.2 GW G12R TOPCon solar cell facility is progressing, with Phase 1 (1.4 GW) expected by Q1 FY27.

Management projects continued strong performance, guiding for 2X growth in FY27 and FY28. They are strategically positioned to benefit from India's shift towards domestic solar cell manufacturing, with their new cell line being an early mover.