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Solex Energy reports Q1 FY27 revenue of ₹265.6 Cr (+1.8% YoY) with EBITDA at ₹33.8 Cr (-20.9% YoY) and PAT at ₹8.3 Cr (-66.6% YoY). Management notes Q1 is seasonally soft, impacted by ALMM timeline clarity, but calls these timing shifts, not cancellations. The company maintains a strong order book of ₹3,400 Cr. Significant new orders totaling ₹845.84 Cr are targeted for execution by Dec 2026. Solex is rapidly expanding capacity, targeting 10 GW modules, 10 GW cells, 10 GW BESS, and 2 GW Ingot/Wafer by 2030, reinforcing its path to an integrated energy solutions provider. Sentiment: Confident in future growth despite Q1 softness.