Sahaj Solar Limited — PPTs, 17-05-2026: Investor Presentation

**Business Performance:** Sahaj Solar delivered a landmark FY26, with revenue jumping 27% YoY to ₹419.2 Cr and PAT up 8% to ₹29.6 Cr. H2 FY26 was also strong, seeing revenue rise 33% YoY to ₹308 Cr and PAT grow 9% to ₹25 Cr, driven by robust demand and project execution. FY26 EBITDA Margin was 13%, with ROCE at 16.6% and ROE at 24%.

**Growth Drivers & Strategy:** The company is expanding its footprint in India and African markets like Uganda/Zambia. Strategic vertical integration for in-house module/component manufacturing aims to boost margins. A significant partnership with IDMC (NDDB) will solarize India's dairy cold chain. The order book is a strong ₹402 Cr.

**Recent Developments:** Sahaj Solar recently repaid a ₹100 Cr working capital loan, bolstering its balance sheet. Product innovations include anti-soiling panels and new distribution panels, alongside securing a 4.8 MW Gujarat DREBP project.

**Management Outlook:** Management hails FY26's strong growth and plans further investment in innovative technology and global expansion. The outlook targets a 30%+ revenue CAGR and 12%+ EBITDA margins over the next three years.