Solex Energy Limited — Investor Meet, 21-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Solex Energy's Q1 FY27 revenue hit INR 265.6 Cr, with PAT at INR 8.3 Cr (3.1% margin). Results reflected seasonal softness, higher depreciation/interest from expanded 4 GW capacity, and initial ALCM policy uncertainty. Inventory rose to INR 290.5 Cr, viewed as seasonal with no obsolescence risk.

Management maintains FY27 guidance (55% utilization, 5-6% PAT margin), expecting H2 recovery. New orders totaling INR 845.84 Cr are lined up for Dec '26 execution, pushing total order visibility to INR 3,400 Cr. Progress continues on the 2.2 GW TOPCon+ cell line, with expert partners to de-risk. Sentiment is confident about long-term growth driven by strategic expansions.